X Factor: 5 Stocks Reaching Their Ex-Dividend Date on December 4

By Christopher Witrak  NOV 28, 2012 11:28 AM

Weingarten Realty, Newmont Mining, and Halliburton Company are on the list.

 


MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Tuesday, which is significant for investors as the seller of the stock on that date, not the buyer, receives the most recent dividend.

A stock must be bought one day before the ex-dividend date to claim any dividends that have been announced but not yet paid. The company determines on the record date, which usually occurs two days after the ex-dividend date, which shareholders qualify for the dividend. Shareholders listed as holders of record after the record date then receive their dividend on the date of payment established by the company. Those purchasing right before the record date forfeit the dividend and normally get the stock for a reduced amount.

It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor’s account.

Below are five stocks that schedule December 4 as their ex-dividend date. All annual yields are estimated.

Weingarten Realty (NYSE:WRI) yields 4.32% annually and has a market cap of $3.27 billion. The real estate investment trust, or REIT, will pay a quarterly dividend of $0.29 on December 14, and its quarterly yield will be 1.08% based on yesterday’s closing price of $26.88. The REIT has paid a quarterly dividend since 1988. The dividend payment is down from a high of $0.53 in 2009.

Newmont Mining (NYSE:NEM) yields 2.98% annually and has a market cap of $23.11 billion. Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. It will pay a quarterly dividend of $0.35 on December 28, and its quarterly yield will be 0.74% based on yesterday’s closing price of $47.00. The company has paid a quarterly dividend since 1987. Since the end of 1997, each dividend payment has either increased or remained the same from the prior quarter.

Halliburton Company (NYSE:HAL) yields 1.12% annually and has a market cap of $29.27 billion. Halliburton Company provides various products and services to the energy industry for exploring, developing, and producing oil and natural gas worldwide. It will pay a quarterly dividend of $0.09 on December 27, and its quarterly yield will be 0.28% based on yesterday’s closing price of $32.04. The company has paid a quarterly dividend since 1982. Banco Bradesco (NYSE:BBD) yields 0.64% annually and has market cap of $61.23 billion. Banco Bradesco S.A. provides a range of banking and financial products and services to individuals; large, mid-sized, and small companies; and local and international corporations and institutions. It will pay a monthly dividend of $0.0084 on January 14, and its quarterly yield will be 0.0005% based on yesterday’s closing price of $16.31.

Southwest Airlines (NYSE:LUV) yields 0.43% annually and has a market cap of $6.85 billion. Southwest Airlines engages in the operation of a passenger airline that provides scheduled air transportation in the United States. It will pay a quarterly dividend of $0.01 on January 3, and its quarterly yield will be 0.11% based on yesterday’s closing price of $9.29.

These companies also have their ex-dividend date on December 4. All annual yields are estimated.

Lender Processing Services (NYSE:LPS) yields 1.62% annually and will pay a quarterly dividend of $0.10 on December 20.

Lear Corporation (NYSE:LEA) yields 1.31% annually and will pay a quarterly dividend of $0.14 on December 26.

Franco-Nevada Corporation (NYSE:FNV) yields 1.26% annually and will pay a monthly dividend of $0.06 on December 20.

Donaldson Company (NYSE:DCI) yields 1.08% annually and will pay a quarterly dividend of $0.09 on December 21.

Franklin Resources (NYSE:BEN) yields 0.82% annually and will pay a special dividend of $3.00 on December 20.

Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.

Twitter: @ChrisWitrak
No positions in stocks mentioned.