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Ex-Dividend Reminder: State Bank Financial, Bank of America and American National Insurance
By Dividend Channel Staff, Tuesday, May 30, 10:59 AM ET
On 6/1/17, State Bank Financial Corp (NASDAQ:STBZ), Bank of America Corp. (NYSE:BAC), and American National Insurance Co. (NASDAQ:ANAT) will all trade ex-dividend for their respective upcoming dividends. State Bank Financial Corp will pay its quarterly dividend of $0.14 on 6/13/17, Bank of America Corp. will pay its quarterly dividend of $0.075 on 6/30/17, and American National Insurance Co. will pay its quarterly dividend of $0.82 on 6/16/17.
As a percentage of STBZ's recent stock price of $26.25, this dividend works out to approximately 0.53%, so look for shares of State Bank Financial Corp to trade 0.53% lower — all else being equal — when STBZ shares open for trading on 6/1/17. Similarly, investors should look for BAC to open 0.32% lower in price and for ANAT to open 0.69% lower, all else being equal.
Below are dividend history charts for STBZ, BAC, and ANAT, showing historical dividends prior to the most recent ones declared.
State Bank Financial Corp (NASDAQ:STBZ):
Bank of America Corp. (NYSE:BAC):
American National Insurance Co. (NASDAQ:ANAT):
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 2.13% for State Bank Financial Corp, 1.30% for Bank of America Corp., and 2.78% for American National Insurance Co. .
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In Tuesday trading, State Bank Financial Corp shares are currently up about 1%, Bank of America Corp. shares are down about 0.4%, and American National Insurance Co. shares are up about 0.2% on the day.
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