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Ex-Dividend Reminder: Bank Of NT Butterfield & Son, Brunswick and PHINIA

By Preferred Stock Channel Staff, Wednesday, February 21, 10:00 AM ET

On 2/23/24, Bank Of NT Butterfield & Son Ltd (NYSE:NTB), Brunswick Corp. (NYSE:BC), and PHINIA Inc (NYSE:PHIN) will all trade ex-dividend for their respective upcoming dividends. Bank Of NT Butterfield & Son Ltd will pay its quarterly dividend of $0.44 on 3/11/24, Brunswick Corp. will pay its quarterly dividend of $0.42 on 3/15/24, and PHINIA Inc will pay its quarterly dividend of $0.25 on 3/15/24.

As a percentage of NTB's recent stock price of $30.38, this dividend works out to approximately 1.45%, so look for shares of Bank Of NT Butterfield & Son Ltd to trade 1.45% lower — all else being equal — when NTB shares open for trading on 2/23/24. Similarly, investors should look for BC to open 0.48% lower in price and for PHIN to open 0.79% lower, all else being equal.

Below are dividend history charts for NTB, BC, and PHIN, showing historical dividends prior to the most recent ones declared.

Bank Of NT Butterfield & Son Ltd (NYSE:NTB):

Brunswick Corp. (NYSE:BC):

PHINIA Inc (NYSE:PHIN):

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 5.79% for Bank Of NT Butterfield & Son Ltd, 1.93% for Brunswick Corp., and 3.18% for PHINIA Inc.


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In Wednesday trading, Bank Of NT Butterfield & Son Ltd shares are currently trading flat, Brunswick Corp. shares are up about 0.9%, and PHINIA Inc shares are down about 0.8% on the day.


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