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from the world of economics and financeLooking at the universe of stocks we cover at Dividend Channel, on 5/22/24, Warner Music Group Corp (Symbol: WMG), Avista Corp (Symbol: AVA), and U.S. Physical Therapy, Inc. (Symbol: USPH) will all trade ex-dividend for their respective upcoming dividends. Warner Music Group Corp will pay its quarterly dividend of $0.17 on 6/3/24, Avista Corp will pay its quarterly dividend of $0.475 on 6/14/24, and U.S. Physical Therapy, Inc. will pay its quarterly dividend of $0.44 on 6/14/24. As a percentage of WMG's recent stock price of $32.04, this dividend works out to approximately 0.53%, so look for shares of Warner Music Group Corp to trade 0.53% lower — all else being equal — when WMG shares open for trading on 5/22/24. Similarly, investors should look for AVA to open 1.24% lower in price and for USPH to open 0.41% lower, all else being equal.
Below are dividend history charts for WMG, AVA, and USPH, showing historical dividends prior to the most recent ones declared.
Warner Music Group Corp (Symbol: WMG):
Avista Corp (Symbol: AVA):
U.S. Physical Therapy, Inc. (Symbol: USPH):
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 2.12% for Warner Music Group Corp, 4.95% for Avista Corp, and 1.65% for U.S. Physical Therapy, Inc..
In Monday trading, Warner Music Group Corp shares are currently up about 0.5%, Avista Corp shares are down about 0.2%, and U.S. Physical Therapy, Inc. shares are up about 0.4% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.