Looking at the universe of stocks we cover at Dividend Channel, on 9/27/17, MFA Financial, Inc. (NYSE: MFA), Cypress Semiconductor Corp. (NASD: CY), and Steelcase, Inc. (NYSE: SCS) will all trade ex-dividend for their respective upcoming dividends. MFA Financial, Inc. will pay its quarterly dividend of $0.20 on 10/31/17, Cypress Semiconductor Corp. will pay its quarterly dividend of $0.11 on 10/19/17, and Steelcase, Inc. will pay its quarterly dividend of $0.1275 on 10/12/17.
As a percentage of MFA’s recent stock price of $8.84, this dividend works out to approximately 2.26%, so look for shares of MFA Financial, Inc. to trade 2.26% lower — all else being equal — when MFA shares open for trading on 9/27/17. Similarly, investors should look for CY to open 0.77% lower in price and for SCS to open 0.85% lower, all else being equal.
Below are dividend history charts for MFA, CY, and SCS, showing historical dividends prior to the most recent ones declared.
MFA Financial, Inc. (NYSE: MFA):
Cypress Semiconductor Corp. (NASD: CY):
Steelcase, Inc. (NYSE: SCS):
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 9.05% for MFA Financial, Inc., 3.09% for Cypress Semiconductor Corp., and 3.41% for Steelcase, Inc..
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In Monday trading, MFA Financial, Inc. shares are currently off about 0.1%, Cypress Semiconductor Corp. shares are down about 0.7%, and Steelcase, Inc. shares are up about 2.8% on the day.