Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

X Factor: 5 Stocks Reaching Their Ex-Dividend Date on December 27

By

Chimera Investment Corporation, Windstream Corporation, and US Bancorp are on the list.

PrintPRINT
MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Thursday, 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 27 as their ex-dividend date. All annual yields are estimated.

Chimera Investment Corporation (NYSE:CIM) yields 13.64% annually and has a market cap of $2.70 billion. The real estate investment trust, or REIT, will pay a quarterly dividend of $0.09 on January 25. The quarterly yield will be 3.41% based on yesterday's closing price of $2.64. The REIT has paid a quarterly dividend since the end of 2007.

Windstream Corporation (NASDAQ:WIN) yields 11.24% annually and has a market cap of $5.20 billion. Windstream Corporation provides communications and technology solutions in the United States. It will pay a quarterly dividend of $0.25 on January 15 and its quarterly yield will be 2.81% based on yesterday's closing price of $8.90. The company has paid a quarterly dividend since 2005.

US Bancorp (NYSE:USB) yields 2.42% annually and has a market cap of $60.66 billion. US Bancorp, a financial services holding company, provides various banking and financial services in the United States. It will pay a quarterly dividend of $0.195 on January 15, and its quarterly yield will be 0.61% based on yesterday's closing price of $32.20. The bank has paid a quarterly dividend since the end of 1987.

Xerox (NYSE:XRX) yields 2.41% annually and has a market cap of $9 billion. Xerox Corporation provides business process and information technology outsourcing and document management services worldwide. It will pay a quarterly dividend of $0.0425 on January 31, and the quarterly yield will be 0.60% based on yesterday's closing price of $7.06. The company first paid a quarterly dividend from 1977 through the beginning of 2001 and then resumed paying a quarterly dividend at the end of 2007.

Mondelez International (NASDAQ:MDLZ) yields 2% annually and has a market cap of $46.10 billion. Mondelez International, together with its subsidiaries, manufactures and markets packaged food products worldwide. It will pay a quarterly dividend of $0.13 on January 14, and its quarterly yield will be 0.50% based on yesterday's closing price of $25.94. The company has paid a quarterly dividend since the end of 2001, and the dividend is down from a high of $0.29 paid in the previous quarter.

These companies also have their ex-dividend date on December 27. All annual yields are estimated.

Hersha Hospitality Trust (NYSE:HT) yields 4.98% annually and will pay a quarterly dividend of $0.06 on January 15.

B&G Foods (NYSE:BGS) yields 3.95% and will pay a quarterly dividend of $0.29 on January 30.

Alexandria Real Estate Equities (NYSE:ARE) yields 3.22% annually and will pay a quarterly dividend of $0.56 on January 15.

Progressive Waste Solutions (NYSE:BIN) yields 2.65% annually and will pay a quarterly dividend of $0.14 on January 16.

McCormick & Co. (NYSE:MKC) yields 2.11% annually and will pay a quarterly dividend of $0.34 on January 14.

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

Twitter: @ChrisWitrak
No positions in stocks mentioned.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE