Ex-Dividend Reminder: JOYY, Automatic Data Processing and Star Bulk Carriers

Llooking at the universe of stocks we cover at Dividend channel, on 9/12/21, JOYY Inc (Symbol: YY), Automatic Data Processing Inc. (Symbol: ADP) and Star Bulk Carriers Corp (Symbol: SBLK) will all exchange ex-dividend for their respective upcoming dividends. JOYY Inc will pay its quarterly dividend of $0.51 on 12/23/21, Automatic Data Processing Inc. will pay its quarterly dividend of $1.04 on 1/1/22 and Star Bulk Carriers Corp will pay its quarterly dividend of 1, $25 on 12/22/21. As a percentage of YY’s recent stock price of $46.48, that dividend equates to roughly 1.10%, so look for JOYY Inc shares to trade 1.10% lower – all things being equal – when YY shares will open for trading on 9/12/21. Similarly, investors should expect ADP to open 0.45% lower and SBLK to open 5.36% lower, all else being equal.

Below are dividend history charts for YY, ADP and SBLK, showing historical dividends prior to the most recent declared.

JOYY Inc (Symbol: AA):

Automatic Data Processing Inc. (Symbol: ADP):

ADP+Dividend+Historical+Chart

Star Bulk Carriers Corp (Symbol: SBLK):

SBLK+Dividend+Historical+Chart

In general, dividends are not always predictable, following the ups and downs of corporate earnings over time. Therefore, a good first due diligence step in forming an annual return expectation in the future is to review the above history, for a sense of stability over time. This can help judge whether these companies’ most recent dividends are likely to continue. If they continue, current estimated returns on an annualized basis would be 4.39% for JOYY Inc., 1.78% for Automatic Data Processing Inc. and 21.44% for Star Bulk Carriers Corp.

In Tuesday’s trading, shares of JOYY Inc are currently up about 4.3%, shares of Automatic Data Processing Inc. are up about 0.6%, and shares of Star Bulk Carriers Corp. are up around 2.8% 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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