Looking at the universe of stocks we cover at Dividend Channel, on 12/30/24, Safehold Inc (Symbol: SAFE), SEI Investments Company (Symbol: SEIC), and Pennymac Mortgage Investment Trust (Symbol: PMT) will all trade ex-dividend for their respective upcoming dividends. Safehold Inc will pay its quarterly dividend of $0.177 on 1/15/25, SEI Investments Company will pay its semi-annual dividend of $0.49 on 1/8/25, and Pennymac Mortgage Investment Trust will pay its quarterly dividend of $0.40 on 1/24/25. As a percentage of SAFE's recent stock price of $18.80, this dividend works out to approximately 0.94%, so look for shares of Safehold Inc to trade 0.94% lower — all else being equal — when SAFE shares open for trading on 12/30/24. Similarly, investors should look for SEIC to open 0.58% lower in price and for PMT to open 3.06% lower, all else being equal.
Below are dividend history charts for SAFE, SEIC, and PMT, showing historical dividends prior to the most recent ones declared.
Safehold Inc (Symbol: SAFE):
SEI Investments Company (Symbol: SEIC):
Pennymac Mortgage Investment Trust (Symbol: PMT):
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 3.77% for Safehold Inc, 1.16% for SEI Investments Company, and 12.25% for Pennymac Mortgage Investment Trust.
In Thursday trading, Safehold Inc shares are currently down about 1.1%, SEI Investments Company shares are up about 1.6%, and Pennymac Mortgage Investment Trust shares are up about 1.2% 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.
