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Ex-Dividend Reminder: First Financial Bankshares, Community Bank System and New Mountain Finance
By Dividend Channel Staff, Tuesday, June 10, 10:03 AM ET
On 6/12/14, First Financial Bankshares, Inc. (NASDAQ:FFIN), Community Bank System, Inc. (NYSE:CBU), and New Mountain Finance Corp (NYSE:NMFC) will all trade ex-dividend for their respective upcoming dividends. First Financial Bankshares, Inc. will pay its quarterly dividend of $0.14 on 7/1/14, Community Bank System, Inc. will pay its quarterly dividend of $0.28 on 7/10/14, and New Mountain Finance Corp will pay its quarterly dividend of $0.34 on 6/30/14.
As a percentage of FFIN's recent stock price of $32.15, this dividend works out to approximately 0.44%, so look for shares of First Financial Bankshares, Inc. to trade 0.44% lower — all else being equal — when FFIN shares open for trading on 6/12/14. Similarly, investors should look for CBU to open 0.75% lower in price and for NMFC to open 2.36% lower, all else being equal.
Below are dividend history charts for FFIN, CBU, and NMFC, showing historical dividends prior to the most recent ones declared.
First Financial Bankshares, Inc. (NASDAQ:FFIN):
Community Bank System, Inc. (NYSE:CBU):
New Mountain Finance Corp (NYSE:NMFC):
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 1.74% for First Financial Bankshares, Inc., 2.99% for Community Bank System, Inc., and 9.44% for New Mountain Finance Corp.
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In Tuesday trading, First Financial Bankshares, Inc. shares are currently down about 0.3%, Community Bank System, Inc. shares are trading flat, and New Mountain Finance Corp shares are off about 0.3% on the day.
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