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08 March
Ex-Dividend Reminder: Mercury General, Kimbell Royalty Partners and Regency Centers

Looking at the universe of stocks we cover at Dividend Channel, on 3/12/24, Mercury General Corp. (Symbol: MCY), Kimbell Royalty Partners LP (Symbol: KRP), and Regency Centers Corp (Symbol: REG) will all trade ex-dividend for their respective upcoming dividends. Mercury General Corp. will pay its quarterly dividend of $0.3175 on 3/27/24, Kimbell Royalty Partners LP will pay its quarterly dividend of $0.43 on 3/20/24, and Regency Centers Corp will pay its quarterly dividend of $0.67 on 4/3/24. As a percentage of MCY's recent stock price of $47.85, this dividend works out to approximately 0.66%, so look for shares of Mercury General Corp. to trade 0.66% lower — all else being equal — when MCY shares open for trading on 3/12/24. Similarly, investors should look for KRP to open 2.75% lower in price and for REG to open 1.09% lower, all else being equal.

Below are dividend history charts for MCY, KRP, and REG, showing historical dividends prior to the most recent ones declared.

Mercury General Corp. (Symbol: MCY):

MCY+Dividend+History+Chart

Kimbell Royalty Partners LP (Symbol: KRP):

KRP+Dividend+History+Chart

Regency Centers Corp (Symbol: REG):

REG+Dividend+History+Chart

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 2.65% for Mercury General Corp., 11.02% for Kimbell Royalty Partners LP, and 4.36% for Regency Centers Corp.

In Friday trading, Mercury General Corp. shares are currently down about 0.9%, Kimbell Royalty Partners LP shares are up about 1.2%, and Regency Centers Corp shares are up about 0.1% 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.