Ex-dividend reminder: Zions Bancorporation, Discover Financial Services and DoubleLine Yield Opportunities Fund

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LLooking at the universe of stocks we cover at Dividend Channel, on 02/16/22, Zions Bancorporation, NA (Symbol: ZION), Discover Financial Services (Symbol: DFS) and DoubleLine Yield Opportunities Fund (Symbol: DLY) will be all exchange ex-dividend for their respective next dividends. Zions Bancorporation, NA will pay its quarterly dividend of $0.38 on 02/24/22, Discover Financial Services will pay its quarterly dividend of $0.50 on 03/03/22, and DoubleLine Yield Opportunities Fund will pay its monthly dividend of 0 .1167 USD on 2/28/22. As a percentage of ZION’s recent stock price of $74.74, that dividend equates to about 0.51%, so look for Zions Bancorporation, NA stock to trade 0.51% lower – all things being equal by elsewhere – when ZION shares open for trading on 2/16/22. Similarly, investors should expect DFS to open 0.40% lower in price and DLY to open 0.66% lower, all other things being equal.

Below are historical dividend charts for ZION, DFS and DLY, showing historical dividends prior to the most recent declared.

Zions Bancorporation, NA (Symbol: ZION):

Discover financial services (Symbol: DFS):

DFS+Dividend+Historical+Chart

DoubleLine Yield Opportunities Fund (Symbol: DLY):

DLY+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 2.03% for Zions Bancorporation, NA, 1.59% for Discover Financial Services and 7.97% for DoubleLine Yield Opportunities Fund.


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On Monday, shares of Zions Bancorporation, NA are currently up about 2.1%, shares of Discover Financial Services are up about 1.4%, and shares of DoubleLine Yield Opportunities Fund are up about 1.4%. about 0.2% over 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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