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Looking at the universe of stocks we cover at Dividend Channel, on 2/29/24, Eastern Bankshares Inc (Symbol: EBC), Texas Pacific Land Corp (Symbol: TPL), and Bank of America Corp (Symbol: BAC) will all trade ex-dividend for their respective upcoming dividends. Eastern Bankshares Inc will pay its quarterly dividend of $0.11 on 3/15/24, Texas Pacific Land Corp will pay its quarterly dividend of $3.50 on 3/15/24, and Bank of America Corp will pay its quarterly dividend of $0.24 on 3/29/24. As a percentage of EBC's recent stock price of $13.03, this dividend works out to approximately 0.84%, so look for shares of Eastern Bankshares Inc to trade 0.84% lower — all else being equal — when EBC shares open for trading on 2/29/24. Similarly, investors should look for TPL to open 0.22% lower in price and for BAC to open 0.71% lower, all else being equal.

Below are dividend history charts for EBC, TPL, and BAC, showing historical dividends prior to the most recent ones declared.

Eastern Bankshares Inc (Symbol: EBC):

Texas Pacific Land Corp (Symbol: TPL):

Bank of America Corp (Symbol: BAC):

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 3.38% for Eastern Bankshares Inc, 0.90% for Texas Pacific Land Corp, and 2.86% for Bank of America Corp.

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In Tuesday trading, Eastern Bankshares Inc shares are currently down about 1.1%, Texas Pacific Land Corp shares are off about 0.1%, and Bank of America Corp shares are down about 0.9% 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.