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Looking at the universe of stocks we cover at Dividend Channel, on 1/4/24, CVB Financial Corp (Symbol: CVBF), American Express Co. (Symbol: AXP), and Morningstar Inc (Symbol: MORN) will all trade ex-dividend for their respective upcoming dividends. CVB Financial Corp will pay its quarterly dividend of $0.20 on 1/22/24, American Express Co. will pay its quarterly dividend of $0.60 on 2/9/24, and Morningstar Inc will pay its quarterly dividend of $0.405 on 1/31/24. As a percentage of CVBF's recent stock price of $20.19, this dividend works out to approximately 0.99%, so look for shares of CVB Financial Corp to trade 0.99% lower — all else being equal — when CVBF shares open for trading on 1/4/24. Similarly, investors should look for AXP to open 0.32% lower in price and for MORN to open 0.14% lower, all else being equal.

Below are dividend history charts for CVBF, AXP, and MORN, showing historical dividends prior to the most recent ones declared.

CVB Financial Corp (Symbol: CVBF):

American Express Co. (Symbol: AXP):

Morningstar Inc (Symbol: MORN):

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 3.96% for CVB Financial Corp, 1.28% for American Express Co., and 0.57% for Morningstar Inc.

In Tuesday trading, CVB Financial Corp shares are currently down about 2%, American Express Co. shares are off about 0.2%, and Morningstar Inc shares are off about 0.7% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.