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01 March
Ex-Dividend Reminder: Fox, Bloomin' Brands and Cheesecake Factory

Looking at the universe of stocks we cover at Dividend Channel, on 3/5/24, Fox Corp (Symbol: FOX), Bloomin' Brands Inc (Symbol: BLMN), and Cheesecake Factory Inc. (Symbol: CAKE) will all trade ex-dividend for their respective upcoming dividends. Fox Corp will pay its semi-annual dividend of $0.26 on 3/26/24, Bloomin' Brands Inc will pay its quarterly dividend of $0.24 on 3/20/24, and Cheesecake Factory Inc. will pay its quarterly dividend of $0.27 on 3/19/24. As a percentage of FOX's recent stock price of $27.34, this dividend works out to approximately 0.95%, so look for shares of Fox Corp to trade 0.95% lower — all else being equal — when FOX shares open for trading on 3/5/24. Similarly, investors should look for BLMN to open 0.88% lower in price and for CAKE to open 0.76% lower, all else being equal.

Below are dividend history charts for FOX, BLMN, and CAKE, showing historical dividends prior to the most recent ones declared.

Fox Corp (Symbol: FOX):

FOX+Dividend+History+Chart

Bloomin' Brands Inc (Symbol: BLMN):

BLMN+Dividend+History+Chart

Cheesecake Factory Inc. (Symbol: CAKE):

CAKE+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 1.90% for Fox Corp, 3.53% for Bloomin' Brands Inc, and 3.05% for Cheesecake Factory Inc..

In Friday trading, Fox Corp shares are currently up about 1.4%, Bloomin' Brands Inc shares are off about 1.9%, and Cheesecake Factory Inc. shares are up about 0.5% on the day.

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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.