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Looking at the universe of stocks we cover at Dividend Channel, on 2/2/24, OceanFirst Financial Corp (Symbol: OCFC), Citigroup Inc (Symbol: C), and WestAmerica Bancorporation (Symbol: WABC) will all trade ex-dividend for their respective upcoming dividends. OceanFirst Financial Corp will pay its quarterly dividend of $0.20 on 2/16/24, Citigroup Inc will pay its quarterly dividend of $0.53 on 2/23/24, and WestAmerica Bancorporation will pay its quarterly dividend of $0.44 on 2/16/24. As a percentage of OCFC's recent stock price of $18.05, this dividend works out to approximately 1.11%, so look for shares of OceanFirst Financial Corp to trade 1.11% lower — all else being equal — when OCFC shares open for trading on 2/2/24. Similarly, investors should look for C to open 0.93% lower in price and for WABC to open 0.89% lower, all else being equal.

Below are dividend history charts for OCFC, C, and WABC, showing historical dividends prior to the most recent ones declared.

OceanFirst Financial Corp (Symbol: OCFC):

Citigroup Inc (Symbol: C):

WestAmerica Bancorporation (Symbol: WABC):

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 4.43% for OceanFirst Financial Corp, 3.71% for Citigroup Inc, and 3.56% for WestAmerica Bancorporation.

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In Wednesday trading, OceanFirst Financial Corp shares are currently down about 1.5%, Citigroup Inc shares are up about 5.5%, and WestAmerica Bancorporation shares are up about 0.5% 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.