January 26, 2023

Ex-Dividend Reminder: Bristol Myers Squibb, Morningstar and Progressive


Looking at the universe of stocks we cover at Dividend Channel, on 1/6/22, Bristol Myers Squibb Co. (Symbol: BMY), Morningstar Inc (Symbol: MORN), and Progressive Corp. (Symbol: PGR) will all trade ex-dividend for their respective upcoming dividends. Bristol Myers Squibb Co. will pay its quarterly dividend of $0.54 on 2/1/22, Morningstar Inc will pay its quarterly dividend of $0.36 on 1/31/22, and Progressive Corp. will pay its quarterly dividend of $0.10 on 1/14/22.

As a percentage of BMY’s recent stock price of $61.61, this dividend works out to approximately 0.88%, so look for shares of Bristol Myers Squibb Co. to trade 0.88% lower — all else being equal — when BMY shares open for trading on 1/6/22. Similarly, investors should look for MORN to open 0.11% lower in price and for PGR to open 0.10% lower, all else being equal.

Below are dividend history charts for BMY, MORN, and PGR, showing historical dividends prior to the most recent ones declared.

Bristol Myers Squibb Co. (Symbol: BMY):

Morningstar Inc (Symbol: MORN):

MORN+Dividend+History+Chart

Progressive Corp. (Symbol: PGR):

PGR+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 3.51% for Bristol Myers Squibb Co., 0.43% for Morningstar Inc, and 0.39% for Progressive Corp..


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In Tuesday trading, Bristol Myers Squibb Co. shares are currently down about 0.4%, Morningstar Inc shares are up about 0.6%, and Progressive Corp. shares are trading flat 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.



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