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Looking at the universe of stocks we cover at Dividend Channel, on 6/11/24, Cohen & Steers Tax-advantaged Preferred Securities (Symbol: PTA), TFS Financial Corp (Symbol: TFSL), and Danaos Corp (Symbol: DAC) will all trade ex-dividend for their respective upcoming dividends. Cohen & Steers Tax-advantaged Preferred Securities will pay its monthly dividend of $0.134 on 6/28/24, TFS Financial Corp will pay its quarterly dividend of $0.2825 on 6/25/24, and Danaos Corp will pay its quarterly dividend of $0.80 on 6/20/24. As a percentage of PTA's recent stock price of $19.41, this dividend works out to approximately 0.69%, so look for shares of Cohen & Steers Tax-advantaged Preferred Securities to trade 0.69% lower — all else being equal — when PTA shares open for trading on 6/11/24. Similarly, investors should look for TFSL to open 2.22% lower in price and for DAC to open 0.84% lower, all else being equal.

Below are dividend history charts for PTA, TFSL, and DAC, showing historical dividends prior to the most recent ones declared.

Cohen & Steers Tax-advantaged Preferred Securities (Symbol: PTA):

TFS Financial Corp (Symbol: TFSL):

Danaos Corp (Symbol: DAC):

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 8.28% for Cohen & Steers Tax-advantaged Preferred Securities, 8.90% for TFS Financial Corp, and 3.35% for Danaos Corp.

In Friday trading, Cohen & Steers Tax-advantaged Preferred Securities shares are currently down about 0.5%, TFS Financial Corp shares are off about 1.3%, and Danaos Corp shares are down about 1.6% on the day.

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Also see:

SLXP Split History
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NVIV Split History

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