Dear Reader,
We have identified several financial stocks which are expected to go “Ex-Dividend” starting soon.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.
Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
So please keep this in mind.
Below is our latest Dividend Report:
Armada Hoffler Properties
Symbol: AHH
Recent AHH Stock Price: $11.47
Average Analyst Price Target for AHH Stock: (54.75%)
Market Cap for AHH Stock: $1.02B
Expected Ex-Dividend Date for AHH Stock: Jun 27 2023
Expected Payment Date for AHH Stock: Jul 06 2023
Expected Dividend & Yield for AHH Stock: 6.33%
Recent Analyst Action: Christopher Sakai, analyst at Singular, reiterates coverage on Armada Hoffler Properties (AHH) stock in the financial stock sector with a Buy rating and a price target of $17.75 (1 month ago).
TipRanks.com also reports that Armada Hoffler Properties currently has analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is . The target pricing ranges from a high forecast of down to a low forecast of . Armada Hoffler Properties (AHH)’s last closing price was $$11.47 which would put the average price target at 54.75% upside.Here are 3rd party ratings for AHH stock:
- TipRanks.com: Moderate Buy
- TradingView.com:
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: sell
- Zacks.com: Hold, Top 46% (115 out of 251)
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Tpg Re Finance
Symbol: TRTX
Recent TRTX Stock Price: $7.52
Average Analyst Price Target for TRTX Stock: $14.33 (2.39%)
Market Cap for TRTX Stock: $582.15M
Expected Ex-Dividend Date for TRTX Stock: Jun 27 2023
Expected Payment Date for TRTX Stock: Jul 25 2023
Expected Dividend & Yield for TRTX Stock: 12.44%
Recent Analyst Action: Steven Delaney, analyst at JMP Securities, reiterates coverage on Tpg Re Finance (TRTX) stock in the financial stock sector with a Buy rating and a price target of $10 (1 week ago).
TipRanks.com also reports that Tpg Re Finance currently has 14 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $14.33 . The target pricing ranges from a high forecast of $18.50 down to a low forecast of $11.50. Tpg Re Finance (TRTX)’s last closing price was $$7.52 which would put the average price target at 2.39% upside.Here are 3rd party ratings for TRTX stock:
- TipRanks.com: Moderate Buy
- TradingView.com:
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Weak buy
- Zacks.com: Sell, Bottom 18% (207 out of 251)
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Prospect Capital
Symbol: PSEC
Recent PSEC Stock Price: $6.10
Average Analyst Price Target for PSEC Stock: $6.50 (-5.74%)
Market Cap for PSEC Stock: $2.45B
Expected Ex-Dividend Date for PSEC Stock: Aug 28 2023
Expected Payment Date for PSEC Stock: Sep 20 2023
Expected Dividend & Yield for PSEC Stock: 11.71%
Recent Analyst Action: Finian O'Shea, analyst at Wells Fargo, reiterates coverage on Prospect Capital (PSEC) stock in the financial stock sector with a Sell rating and a price target of $5.75 (2 months ago).
TipRanks.com also reports that Prospect Capital currently has 18 analysts offering 12-month price targets and the consensus is a Moderate Sell rating with an average price target is $6.50 . The target pricing ranges from a high forecast of $6.50 down to a low forecast of $6.50. Prospect Capital (PSEC)’s last closing price was $$6.10 which would put the average price target at -5.74% upside.Here are 3rd party ratings for PSEC stock:
- TipRanks.com: Moderate Sell
- TradingView.com:
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Sell, Bottom 35% (163 out of 251)
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Mercer International
Symbol: MERC
Recent MERC Stock Price: $8.08
Average Analyst Price Target for MERC Stock: $18.50 (19.68%)
Market Cap for MERC Stock: $536.76M
Expected Ex-Dividend Date for MERC Stock: Jun 27 2023
Expected Payment Date for MERC Stock: Jul 06 2023
Expected Dividend & Yield for MERC Stock: 3.62%
Recent Analyst Action: Andrew Kuske, analyst at Credit Suisse, reiterates coverage on Mercer International (MERC) stock in the financial stock sector with a Hold rating and a price target of $10 (3 weeks ago).
TipRanks.com also reports that Mercer International currently has 13 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $18.50 . The target pricing ranges from a high forecast of $18.50 down to a low forecast of $18.50. Mercer International (MERC)’s last closing price was $$8.08 which would put the average price target at 19.68% upside.Here are 3rd party ratings for MERC stock:
- TipRanks.com: Hold
- TradingView.com:
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Sell, Bottom 5% (238 out of 251)
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Ituran Location And Control
Symbol: ITRN
Recent ITRN Stock Price: $23.99
Average Analyst Price Target for ITRN Stock: (25.05%)
Market Cap for ITRN Stock: $482.40M
Expected Ex-Dividend Date for ITRN Stock: Jun 27 2023
Expected Payment Date for ITRN Stock: Jul 12 2023
Expected Dividend & Yield for ITRN Stock: 2.31%
Recent Analyst Action: Unknown Analyst, analyst at Barclays, reiterates coverage on Ituran Location And Control (ITRN) stock in the financial stock sector with a Buy rating and a price target of $30 (1 month ago).
TipRanks.com also reports that Ituran Location And Control currently has analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is . The target pricing ranges from a high forecast of down to a low forecast of . Ituran Location And Control (ITRN)’s last closing price was $$23.99 which would put the average price target at 25.05% upside.Here are 3rd party ratings for ITRN stock:
- TipRanks.com: Moderate Buy
- TradingView.com:
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: buy
- Zacks.com: n/a, n/a
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Canadian Bank of Commerce
Symbol: CM
Recent CM Stock Price: $41.87
Average Analyst Price Target for CM Stock: $106.62 (14.62%)
Market Cap for CM Stock: $50.71B
Expected Ex-Dividend Date for CM Stock: Jun 27 2023
Expected Payment Date for CM Stock: Jul 28 2023
Expected Dividend & Yield for CM Stock: 5.95%
Recent Analyst Action: Siddharth Rajeev, analyst at Fundamental Research, reiterates coverage on Canadian Bank of Commerce (CM) stock in the financial stock sector with a Buy rating and a price target of $52.5 (2 weeks ago).
TipRanks.com also reports that Canadian Bank of Commerce currently has 12 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $106.62 . The target pricing ranges from a high forecast of $127.32 down to a low forecast of $70.00. Canadian Bank of Commerce (CM)’s last closing price was $$41.87 which would put the average price target at 14.62% upside.Here are 3rd party ratings for CM stock:
- TipRanks.com: Moderate Buy
- TradingView.com:
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Hold, Top 45% (113 out of 251)
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Banco Bradesco SA
Symbol: BBD
Recent BBD Stock Price: $3.49
Average Analyst Price Target for BBD Stock: (-11.17%)
Market Cap for BBD Stock: $165.81B
Expected Ex-Dividend Date for BBD Stock: Jul 03 2023
Expected Payment Date for BBD Stock: Aug 08 2023
Expected Dividend & Yield for BBD Stock: 0.93%
Recent Analyst Action: Tito Labarta, analyst at Goldman Sachs, reiterates coverage on Banco Bradesco SA (BBD) stock in the financial stock sector with a Hold rating and a price target of $3.2 (3 days ago).
TipRanks.com also reports that Banco Bradesco SA currently has analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is . The target pricing ranges from a high forecast of down to a low forecast of . Banco Bradesco SA (BBD)’s last closing price was $$3.49 which would put the average price target at -11.17% upside.Here are 3rd party ratings for BBD stock:
- TipRanks.com: Hold
- TradingView.com:
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Hold, Top 45% (113 out of 251)
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And there you have it...
Keep in mind, if you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.
Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
If you have questions about specific dividends, you should consult with your financial advisor or visit Investor.gov for more information.
Sincerely,
The Editor, FinancialMarketMovers.com
FinancialMarketMovers.com keeps investors informed of the top moving stocks within each sector including Health & Biotech, Technology, Energy, Metals & Mining, Financial, Consumer, Communication Services and more. We provide investors with timely information regarding top moving stocks that is sourced from our proprietary stocks screens, partner stock analysts and breaking news that identify and monitor stocks that are on the move. Join thousands of investors who already signed up for our free subscription to FinancialMarketMovers.com.