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Looking at the universe of stocks we cover at Dividend Channel, on 2/12/24, Reinsurance Group of America, Inc. (Symbol: RGA), FB Financial Corp (Symbol: FBK), and PennyMac Financial Services Inc (Symbol: PFSI) will all trade ex-dividend for their respective upcoming dividends. Reinsurance Group of America, Inc. will pay its quarterly dividend of $0.85 on 2/27/24, FB Financial Corp will pay its quarterly dividend of $0.17 on 2/27/24, and PennyMac Financial Services Inc will pay its quarterly dividend of $0.20 on 2/23/24. As a percentage of RGA's recent stock price of $169.01, this dividend works out to approximately 0.50%, so look for shares of Reinsurance Group of America, Inc. to trade 0.50% lower — all else being equal — when RGA shares open for trading on 2/12/24. Similarly, investors should look for FBK to open 0.48% lower in price and for PFSI to open 0.22% lower, all else being equal.

Below are dividend history charts for RGA, FBK, and PFSI, showing historical dividends prior to the most recent ones declared.

Reinsurance Group of America, Inc. (Symbol: RGA):

FB Financial Corp (Symbol: FBK):

PennyMac Financial Services Inc (Symbol: PFSI):

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 2.01% for Reinsurance Group of America, Inc., 1.91% for FB Financial Corp, and 0.90% for PennyMac Financial Services Inc.

In Thursday trading, Reinsurance Group of America, Inc. shares are currently up about 1.2%, FB Financial Corp shares are off about 1.2%, and PennyMac Financial Services Inc shares are down about 0.4% 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.