Looking at the universe of stocks we cover at Dividend Channel, on 11/29/24, Monarch Casino & Resort, Inc. (Symbol: MCRI), Shutterstock Inc (Symbol: SSTK), and MGE Energy Inc (Symbol: MGEE) will all trade ex-dividend for their respective upcoming dividends. Monarch Casino & Resort, Inc. will pay its quarterly dividend of $0.30 on 12/15/24, Shutterstock Inc will pay its quarterly dividend of $0.30 on 12/13/24, and MGE Energy Inc will pay its quarterly dividend of $0.45 on 12/15/24. As a percentage of MCRI's recent stock price of $85.69, this dividend works out to approximately 0.35%, so look for shares of Monarch Casino & Resort, Inc. to trade 0.35% lower — all else being equal — when MCRI shares open for trading on 11/29/24. Similarly, investors should look for SSTK to open 0.96% lower in price and for MGEE to open 0.44% lower, all else being equal.
Below are dividend history charts for MCRI, SSTK, and MGEE, showing historical dividends prior to the most recent ones declared.
Monarch Casino & Resort, Inc. (Symbol: MCRI):
Shutterstock Inc (Symbol: SSTK):
MGE Energy Inc (Symbol: MGEE):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.40% for Monarch Casino & Resort, Inc., 3.82% for Shutterstock Inc, and 1.74% for MGE Energy Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Monarch Casino & Resort, Inc. shares are currently off about 0.2%, Shutterstock Inc shares are off about 2.2%, and MGE Energy Inc shares are down about 1.4% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
