News

Looking at the universe of stocks we cover at Dividend Channel, on 5/2/24, East West Bancorp, Inc (Symbol: EWBC), Columbus McKinnon Corp. (Symbol: CMCO), and Norfolk Southern Corp (Symbol: NSC) will all trade ex-dividend for their respective upcoming dividends. East West Bancorp, Inc will pay its quarterly dividend of $0.55 on 5/17/24, Columbus McKinnon Corp. will pay its quarterly dividend of $0.07 on 5/13/24, and Norfolk Southern Corp will pay its quarterly dividend of $1.35 on 5/20/24. As a percentage of EWBC's recent stock price of $76.45, this dividend works out to approximately 0.72%, so look for shares of East West Bancorp, Inc to trade 0.72% lower — all else being equal — when EWBC shares open for trading on 5/2/24. Similarly, investors should look for CMCO to open 0.17% lower in price and for NSC to open 0.56% lower, all else being equal.

Below are dividend history charts for EWBC, CMCO, and NSC, showing historical dividends prior to the most recent ones declared.

East West Bancorp, Inc (Symbol: EWBC):

Columbus McKinnon Corp. (Symbol: CMCO):

Norfolk Southern Corp (Symbol: NSC):

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 2.88% for East West Bancorp, Inc, 0.66% for Columbus McKinnon Corp., and 2.24% for Norfolk Southern Corp.

Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, East West Bancorp, Inc shares are currently up about 0.6%, Columbus McKinnon Corp. shares are up about 0.6%, and Norfolk Southern Corp shares are up about 0.6% on the day.

Also see:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.