Ex-Dividend Reminder: Republic Bancorp, Hanover Insurance Group and New York Mortgage TrustBy Dividend Channel Staff, Tuesday, June 13, 11:39 AM ETOn 6/15/23, Republic Bancorp, Inc. (NASDAQ:RBCAA), Hanover Insurance Group Inc (NYSE:THG), and New York Mortgage Trust Inc (NASDAQ:NYMT) will all trade ex-dividend for their respective upcoming dividends. Republic Bancorp, Inc. will pay its quarterly dividend of $0.374 on 7/21/23, Hanover Insurance Group Inc will pay its quarterly dividend of $0.81 on 6/30/23, and New York Mortgage Trust Inc will pay its quarterly dividend of $0.30 on 7/26/23. As a percentage of RBCAA's recent stock price of $45.86, this dividend works out to approximately 0.82%, so look for shares of Republic Bancorp, Inc. to trade 0.82% lower — all else being equal — when RBCAA shares open for trading on 6/15/23. Similarly, investors should look for THG to open 0.71% lower in price and for NYMT to open 2.97% lower, all else being equal. Below are dividend history charts for RBCAA, THG, and NYMT, showing historical dividends prior to the most recent ones declared. Republic Bancorp, Inc. (NASDAQ:RBCAA): Hanover Insurance Group Inc (NYSE:THG): New York Mortgage Trust Inc (NASDAQ:NYMT): 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 3.26% for Republic Bancorp, Inc., 2.84% for Hanover Insurance Group Inc, and 11.88% for New York Mortgage Trust Inc. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Tuesday trading, Republic Bancorp, Inc. shares are currently down about 0.9%, Hanover Insurance Group Inc shares are off about 0.2%, and New York Mortgage Trust Inc shares are up about 0.6% on the day.
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