News

Looking at the universe of stocks we cover at Dividend Channel, on 2/5/24, Suburban Propane Partners LP (Symbol: SPH), Byline Bancorp Inc (Symbol: BY), and MetLife Inc (Symbol: MET) will all trade ex-dividend for their respective upcoming dividends. Suburban Propane Partners LP will pay its quarterly dividend of $0.325 on 2/13/24, Byline Bancorp Inc will pay its quarterly dividend of $0.09 on 2/20/24, and MetLife Inc will pay its quarterly dividend of $0.52 on 3/14/24. As a percentage of SPH's recent stock price of $19.82, this dividend works out to approximately 1.64%, so look for shares of Suburban Propane Partners LP to trade 1.64% lower — all else being equal — when SPH shares open for trading on 2/5/24. Similarly, investors should look for BY to open 0.41% lower in price and for MET to open 0.75% lower, all else being equal.

Below are dividend history charts for SPH, BY, and MET, showing historical dividends prior to the most recent ones declared.

Suburban Propane Partners LP (Symbol: SPH):

Byline Bancorp Inc (Symbol: BY):

MetLife Inc (Symbol: MET):

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 6.56% for Suburban Propane Partners LP, 1.65% for Byline Bancorp Inc, and 3.00% for MetLife Inc.

In Thursday trading, Suburban Propane Partners LP shares are currently down about 1.1%, Byline Bancorp Inc shares are down about 3.3%, and MetLife Inc shares are down about 2.1% on the day.

Also see:

Funds Holding HTWO
Funds Holding MVO
SPMD shares outstanding history

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