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Looking at the universe of stocks we cover at Dividend Channel, on 3/27/24, Fifth Third Bancorp (Symbol: FITB), Independence Realty Trust Inc (Symbol: IRT), and Apollo Commercial Real Estate Finance Inc. (Symbol: ARI) will all trade ex-dividend for their respective upcoming dividends. Fifth Third Bancorp will pay its quarterly dividend of $0.35 on 4/15/24, Independence Realty Trust Inc will pay its quarterly dividend of $0.16 on 4/19/24, and Apollo Commercial Real Estate Finance Inc. will pay its quarterly dividend of $0.35 on 4/15/24. As a percentage of FITB's recent stock price of $36.37, this dividend works out to approximately 0.96%, so look for shares of Fifth Third Bancorp to trade 0.96% lower — all else being equal — when FITB shares open for trading on 3/27/24. Similarly, investors should look for IRT to open 1.00% lower in price and for ARI to open 3.09% lower, all else being equal.

Below are dividend history charts for FITB, IRT, and ARI, showing historical dividends prior to the most recent ones declared.

Fifth Third Bancorp (Symbol: FITB):

Independence Realty Trust Inc (Symbol: IRT):

Apollo Commercial Real Estate Finance Inc. (Symbol: ARI):

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 3.85% for Fifth Third Bancorp, 4.00% for Independence Realty Trust Inc, and 12.36% for Apollo Commercial Real Estate Finance Inc..

In Monday trading, Fifth Third Bancorp shares are currently down about 1.7%, Independence Realty Trust Inc shares are off about 1%, and Apollo Commercial Real Estate Finance Inc. shares are down about 1.9% 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.