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| Ex-Dividend Reminder: Bank of New York Mellon, Bank of Montreal and Unum GroupBy Dividend Channel Staff, Tuesday, July 25, 9:58 AM ET
On 7/27/23, Bank of New York Mellon Corp (NYSE:BK), Bank of Montreal (Quebec) (NYSE:BMO), and Unum Group (NYSE:UNM) will all trade ex-dividend for their respective upcoming dividends. Bank of New York Mellon Corp will pay its quarterly dividend of $0.42 on 8/10/23, Bank of Montreal (Quebec) will pay its quarterly dividend of $1.47 on 8/28/23, and Unum Group will pay its quarterly dividend of $0.365 on 8/18/23. As a percentage of BK's recent stock price of $45.56, this dividend works out to approximately 0.92%, so look for shares of Bank of New York Mellon Corp to trade 0.92% lower — all else being equal — when BK shares open for trading on 7/27/23. Similarly, investors should look for BMO to open 1.57% lower in price and for UNM to open 0.75% lower, all else being equal. Below are dividend history charts for BK, BMO, and UNM, showing historical dividends prior to the most recent ones declared. Bank of New York Mellon Corp (NYSE:BK): Bank of Montreal (Quebec) (NYSE:BMO): Unum Group (NYSE:UNM): 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 3.69% for Bank of New York Mellon Corp, 6.27% for Bank of Montreal (Quebec), and 2.99% for Unum Group. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Bank of New York Mellon Corp shares are currently up about 0.1%, Bank of Montreal (Quebec) shares are up about 0.1%, and Unum Group shares are off about 0.1% on the day.
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