News

Looking at the universe of stocks we cover at Dividend Channel, on 5/3/24, Webster Financial Corp (Symbol: WBS), Synchrony Financial (Symbol: SYF), and Lazard (Symbol: LAZ) will all trade ex-dividend for their respective upcoming dividends. Webster Financial Corp will pay its quarterly dividend of $0.40 on 5/16/24, Synchrony Financial will pay its quarterly dividend of $0.25 on 5/15/24, and Lazard will pay its quarterly dividend of $0.50 on 5/17/24. As a percentage of WBS's recent stock price of $43.83, this dividend works out to approximately 0.91%, so look for shares of Webster Financial Corp to trade 0.91% lower — all else being equal — when WBS shares open for trading on 5/3/24. Similarly, investors should look for SYF to open 0.57% lower in price and for LAZ to open 1.30% lower, all else being equal.

Below are dividend history charts for WBS, SYF, and LAZ, showing historical dividends prior to the most recent ones declared.

Webster Financial Corp (Symbol: WBS):

Synchrony Financial (Symbol: SYF):

Lazard (Symbol: LAZ):

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 3.65% for Webster Financial Corp, 2.27% for Synchrony Financial, and 5.19% for Lazard.

In Wednesday trading, Webster Financial Corp shares are currently down about 2.4%, Synchrony Financial shares are down about 1.6%, and Lazard shares are down about 2.3% on the day.

Also see:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.