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Looking at the universe of stocks we cover at Dividend Channel, on 2/22/24, STERIS plc (Symbol: STE), Discover Financial Services (Symbol: DFS), and WaFd Inc (Symbol: WAFD) will all trade ex-dividend for their respective upcoming dividends. STERIS plc will pay its quarterly dividend of $0.52 on 3/22/24, Discover Financial Services will pay its quarterly dividend of $0.70 on 3/7/24, and WaFd Inc will pay its quarterly dividend of $0.26 on 3/8/24. As a percentage of STE's recent stock price of $231.23, this dividend works out to approximately 0.22%, so look for shares of STERIS plc to trade 0.22% lower — all else being equal — when STE shares open for trading on 2/22/24. Similarly, investors should look for DFS to open 0.63% lower in price and for WAFD to open 0.90% lower, all else being equal.

When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. STERIS plc (Symbol: STE) is a "future dividend aristocrats contender," with 18+ years of increases.

Below are dividend history charts for STE, DFS, and WAFD, showing historical dividends prior to the most recent ones declared.

STERIS plc (Symbol: STE):

Discover Financial Services (Symbol: DFS):

WaFd Inc (Symbol: WAFD):

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 0.90% for STERIS plc, 2.53% for Discover Financial Services, and 3.61% for WaFd Inc.

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In Tuesday trading, STERIS plc shares are currently off about 0.8%, Discover Financial Services shares are down about 0.2%, and WaFd Inc shares are off about 1.4% 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.