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Looking at the universe of stocks we cover at Dividend Channel, on 5/31/24, RLI Corp (Symbol: RLI), SL Green Realty Corp (Symbol: SLG), and Ellington Financial Inc (Symbol: EFC) will all trade ex-dividend for their respective upcoming dividends. RLI Corp will pay its quarterly dividend of $0.29 on 6/20/24, SL Green Realty Corp will pay its monthly dividend of $0.25 on 6/17/24, and Ellington Financial Inc will pay its monthly dividend of $0.13 on 6/25/24. As a percentage of RLI's recent stock price of $143.43, this dividend works out to approximately 0.20%, so look for shares of RLI Corp to trade 0.20% lower — all else being equal — when RLI shares open for trading on 5/31/24. Similarly, investors should look for SLG to open 0.50% lower in price and for EFC to open 1.08% lower, all else being equal.

Below are dividend history charts for RLI, SLG, and EFC, showing historical dividends prior to the most recent ones declared.

RLI Corp (Symbol: RLI):

SL Green Realty Corp (Symbol: SLG):

Ellington Financial Inc (Symbol: EFC):

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 0.81% for RLI Corp, 5.98% for SL Green Realty Corp, and 12.98% for Ellington Financial Inc.

In Wednesday trading, RLI Corp shares are currently down about 1.7%, SL Green Realty Corp shares are off about 1%, and Ellington Financial Inc shares are up about 0.1% on the day.

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Also see:

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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.