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Ex-Dividend Reminder: Campbell Soup, Lennar Corp and Pennymac Mortgage Investment Trust
By Dividend Channel Staff, Friday, July 7, 9:55 AM ET
On 7/11/17, Campbell Soup Co. (NYSE:CPB), Lennar Corp (NYSE:LEN), and Pennymac Mortgage Investment Trust (NYSE:PMT) will all trade ex-dividend for their respective upcoming dividends. Campbell Soup Co. will pay its quarterly dividend of $0.35 on 7/31/17, Lennar Corp will pay its quarterly dividend of $0.04 on 7/27/17, and Pennymac Mortgage Investment Trust will pay its quarterly dividend of $0.47 on 7/27/17.
As a percentage of CPB's recent stock price of $51.78, this dividend works out to approximately 0.68%, so look for shares of Campbell Soup Co. to trade 0.68% lower — all else being equal — when CPB shares open for trading on 7/11/17. Similarly, investors should look for LEN to open 0.08% lower in price and for PMT to open 2.58% lower, all else being equal.
Below are dividend history charts for CPB, LEN, and PMT, showing historical dividends prior to the most recent ones declared.
Campbell Soup Co. (NYSE:CPB):
Lennar Corp (NYSE:LEN):
Pennymac Mortgage Investment Trust (NYSE: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 2.70% for Campbell Soup Co., 0.31% for Lennar Corp, and 10.34% for Pennymac Mortgage Investment Trust.
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In Friday trading, Campbell Soup Co. shares are currently up about 0.2%, Lennar Corp shares are up about 0.7%, and Pennymac Mortgage Investment Trust shares are off about 0.9% on the day.
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