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05 June
Ex-Dividend Reminder: CME Group, First Merchants and OUTFRONT Media

Looking at the universe of stocks we cover at Dividend Channel, on 6/7/24, CME Group (Symbol: CME), First Merchants Corp (Symbol: FRME), and OUTFRONT Media Inc (Symbol: OUT) will all trade ex-dividend for their respective upcoming dividends. CME Group will pay its quarterly dividend of $1.15 on 6/25/24, First Merchants Corp will pay its quarterly dividend of $0.35 on 6/21/24, and OUTFRONT Media Inc will pay its quarterly dividend of $0.30 on 6/28/24. As a percentage of CME's recent stock price of $203.78, this dividend works out to approximately 0.56%, so look for shares of CME Group to trade 0.56% lower — all else being equal — when CME shares open for trading on 6/7/24. Similarly, investors should look for FRME to open 1.10% lower in price and for OUT to open 2.11% lower, all else being equal.

Below are dividend history charts for CME, FRME, and OUT, showing historical dividends prior to the most recent ones declared.

CME Group (Symbol: CME):

CME+Dividend+History+Chart

First Merchants Corp (Symbol: FRME):

FRME+Dividend+History+Chart

OUTFRONT Media Inc (Symbol: OUT):

OUT+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 2.26% for CME Group, 4.41% for First Merchants Corp, and 8.43% for OUTFRONT Media Inc.

In Wednesday trading, CME Group shares are currently up about 1%, First Merchants Corp shares are down about 2.4%, and OUTFRONT Media Inc shares are off about 0.6% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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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.