Ex-dividend reminder: TFS Financial, CNO Financial Group, and Travelers Companies

On September 10, 2025, three major financial stocks will begin trading ex-dividend: TFS Financial Corp (TFSL), CNO Financial Group, and Travelers Companies (TRV). This change will directly affect the market value of these stocks.

TFS Financial will pay its quarterly dividend of $0.2825 on September 24, while CNO will disburse $0.17 on the same date. Meanwhile, Travelers Companies will distribute $1.10 on September 30.

In percentage terms, the most notable impact will be suffered by TFS Financial, whose dividend represents approximately 2.08% of its current price of $13.61. This means that, if all else remains constant, we can expect TFSL shares to open 2.08% lower on the 10th. For CNO and TRV, the estimated decline is less: 0.43% and 0.40% respectively.

Personally, I find it interesting to analyze the annualized return that these dividends represent: an impressive 8.30% for TFS Financial, compared to the more modest 1.71% for CNO and 1.60% for Travelers. The difference is significant and could explain why TFSL is attractive to investors seeking regular income.

Dividends are never completely predictable, fluctuating according to corporate profits. That's why I recommend examining the payment history of these companies before making decisions based solely on current performance.

In the Monday session, TFS Financial's shares barely fell by 0.1%, while CNO and Travelers showed more pronounced declines of 1.7% and 1.5% respectively. I wonder if this already reflects some market anticipation of the upcoming ex-dividend or if it is due to other fundamental factors that we should consider.

The recent volatility in the financial sector makes me question whether these levels of dividends will be sustainable in the long term, especially in such an uncertain economic environment as the current one.