Insurance

Ex-Dividend Reminder: Universal Health Services, Safety Insurance Group and Sun Life Financial

Looking at the universe of stocks we cover at Dividend Channel, on 5/31/22, Universal Health Services, Inc. (Symbol: UHS), Safety Insurance Group, Inc. (Symbol: SAFT), and Sun Life Financial Inc (Symbol: SLF) will all trade ex-dividend for their respective upcoming dividends. Universal Health Services, Inc. will pay its quarterly dividend of $0.20 on 6/15/22, Safety Insurance Group, Inc. will pay its quarterly dividend of $0.90 on 6/15/22, and Sun Life Financial Inc will pay its quarterly dividend of $0.69 on 6/30/22.

As a percentage of UHS’s recent stock price of $124.13, this dividend works out to approximately 0.16%, so look for shares of Universal Health Services, Inc. to trade 0.16% lower — all else being equal — when UHS shares open for trading on 5/31/22. Similarly, investors should look for SAFT to open 0.96% lower in price and for SLF to open 1.39% lower, all else being equal.

Below are dividend history charts for UHS, SAFT, and SLF, showing historical dividends prior to the most recent ones declared.

Universal Health Services, Inc. (Symbol: UHS):

UHS+Dividend+History+Chart

Safety Insurance Group, Inc. (Symbol: SAFT):

SAFT+Dividend+History+Chart

Sun Life Financial Inc (Symbol: SLF):

SLF+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 0.64% for Universal Health Services, Inc., 3.83% for Safety Insurance Group, Inc., and 5.57% for Sun Life Financial Inc.

In Friday trading, Universal Health Services, Inc. shares are currently up about 0.7%, Safety Insurance Group, Inc. shares are up about 0.8%, and Sun Life Financial Inc shares are up about 0.6% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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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