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| Ex-Dividend Reminder: Alexander & Baldwin, First Horizon and Ares ManagementBy Dividend Channel Staff, Tuesday, June 13, 11:40 AM ET
On 6/15/23, Alexander & Baldwin Inc (NYSE:ALEX), First Horizon Corp (NYSE:FHN), and Ares Management Corp (NYSE:ARES) will all trade ex-dividend for their respective upcoming dividends. Alexander & Baldwin Inc will pay its quarterly dividend of $0.22 on 7/5/23, First Horizon Corp will pay its quarterly dividend of $0.15 on 7/3/23, and Ares Management Corp will pay its quarterly dividend of $0.77 on 6/30/23. As a percentage of ALEX's recent stock price of $18.51, this dividend works out to approximately 1.19%, so look for shares of Alexander & Baldwin Inc to trade 1.19% lower — all else being equal — when ALEX shares open for trading on 6/15/23. Similarly, investors should look for FHN to open 1.27% lower in price and for ARES to open 0.83% lower, all else being equal. Below are dividend history charts for ALEX, FHN, and ARES, showing historical dividends prior to the most recent ones declared. Alexander & Baldwin Inc (NYSE:ALEX): First Horizon Corp (NYSE:FHN): Ares Management Corp (NYSE:ARES): 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 4.75% for Alexander & Baldwin Inc, 5.08% for First Horizon Corp, and 3.30% for Ares Management Corp. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Alexander & Baldwin Inc shares are currently up about 0.3%, First Horizon Corp shares are off about 0.1%, and Ares Management Corp shares are up about 0.4% on the day.
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