Ex-Dividend Reminder: State Street, New Residential Investment and MorningstarBy Dividend Channel Staff, Tuesday, June 28, 10:07 AM ETOn 6/30/22, State Street Corp. (NYSE:STT), New Residential Investment Corp (NRZ), and Morningstar Inc (NASDAQ:MORN) will all trade ex-dividend for their respective upcoming dividends. State Street Corp. will pay its quarterly dividend of $0.57 on 7/11/22, New Residential Investment Corp will pay its quarterly dividend of $0.25 on 7/29/22, and Morningstar Inc will pay its quarterly dividend of $0.36 on 7/29/22. As a percentage of STT's recent stock price of $66.28, this dividend works out to approximately 0.86%, so look for shares of State Street Corp. to trade 0.86% lower — all else being equal — when STT shares open for trading on 6/30/22. Similarly, investors should look for NRZ to open 2.49% lower in price and for MORN to open 0.14% lower, all else being equal. Below are dividend history charts for STT, NRZ, and MORN, showing historical dividends prior to the most recent ones declared. State Street Corp. (NYSE:STT): New Residential Investment Corp (NRZ): Morningstar Inc (NASDAQ:MORN): 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 3.44% for State Street Corp., 9.95% for New Residential Investment Corp, and 0.58% for Morningstar Inc. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, State Street Corp. shares are currently up about 1.6%, New Residential Investment Corp shares are up about 1.2%, and Morningstar Inc shares are up about 1.5% on the day.
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