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25 March
Ex-Dividend Reminder: Essex Property Trust, National Health Investors and Sun Communities

Looking at the universe of stocks we cover at Dividend Channel, on 3/27/24, Essex Property Trust Inc (Symbol: ESS), National Health Investors, Inc. (Symbol: NHI), and Sun Communities Inc (Symbol: SUI) will all trade ex-dividend for their respective upcoming dividends. Essex Property Trust Inc will pay its quarterly dividend of $2.45 on 4/12/24, National Health Investors, Inc. will pay its quarterly dividend of $0.90 on 5/3/24, and Sun Communities Inc will pay its quarterly dividend of $0.94 on 4/15/24. As a percentage of ESS's recent stock price of $241.99, this dividend works out to approximately 1.01%, so look for shares of Essex Property Trust Inc to trade 1.01% lower — all else being equal — when ESS shares open for trading on 3/27/24. Similarly, investors should look for NHI to open 1.47% lower in price and for SUI to open 0.73% lower, all else being equal.

Below are dividend history charts for ESS, NHI, and SUI, showing historical dividends prior to the most recent ones declared.

Essex Property Trust Inc (Symbol: ESS):

ESS+Dividend+History+Chart

National Health Investors, Inc. (Symbol: NHI):

NHI+Dividend+History+Chart

Sun Communities Inc (Symbol: SUI):

SUI+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 4.05% for Essex Property Trust Inc, 5.87% for National Health Investors, Inc., and 2.92% for Sun Communities Inc.

In Monday trading, Essex Property Trust Inc shares are currently down about 0.8%, National Health Investors, Inc. shares are down about 1.2%, and Sun Communities Inc shares are down about 2.4% 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.