Ex-Dividend Reminder: First American Financial, UnitedHealth Group and FedEx

Ex-Dividend Reminder: First American Financial, UnitedHealth Group and FedEx

By Dividend Channel Staff, Wednesday, December 4, 9:59 AM ET

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On 12/6/19, First American Financial Corp (NYSE: FAF), UnitedHealth Group Inc (NYSE: UNH), and FedEx Corp (NYSE: FDX) will all trade ex-dividend for their respective upcoming dividends. First American Financial Corp will pay its quarterly dividend of $0.42 on 12/16/19, UnitedHealth Group Inc will pay its quarterly dividend of $1.08 on 12/17/19, and FedEx Corp will pay its quarterly dividend of $0.65 on 1/2/20.

As a percentage of FAF's recent stock price of $63.23, this dividend works out to approximately 0.66%, so look for shares of First American Financial Corp to trade 0.66% lower — all else being equal — when FAF shares open for trading on 12/6/19. Similarly, investors should look for UNH to open 0.38% lower in price and for FDX to open 0.42% lower, all else being equal.

When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. FedEx Corp (NYSE:FDX) is a "future dividend aristocrats contender," with 17+ years of increases.

Below are dividend history charts for FAF, UNH, and FDX, showing historical dividends prior to the most recent ones declared.

First American Financial Corp (NYSE:FAF) :

UnitedHealth Group Inc (NYSE:UNH) :

FedEx Corp (NYSE:FDX) :

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 2.66% for First American Financial Corp, 1.54% for UnitedHealth Group Inc, and 1.69% for FedEx Corp.Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

In Wednesday trading, First American Financial Corp shares are currently up about 0.4%, UnitedHealth Group Inc shares are up about 1.6%, and FedEx Corp shares are up about 1.8% on the day.