X Factor: 5 High-Yield Stocks Reaching Their Ex-Dividend Date on September 6
By Christopher Witrak Sep 05, 2012 11:10 am
PPL Corporation, Reynolds American, and Pepco Holdings are on the list.
PPL Corporation (PPL) yields 4.86% annually and has a market cap of $17.20 billion. The energy and utility holding company will pay a quarterly dividend of $0.36 on October 1. This dividend results in monthly yield of 1.22% based on last Friday's closing price of $29.61. The company began paying a dividend in 1985, and PPL made the dividend quarterly in 1989.
PPL also had a mixed second quarter this year, beating net income estimates but missing revenue estimates. Net income increased from $196 million, or $0.35 per share, in the prior-year quarter to $271 million, or $0.46 per share. The average net income estimate was $0.39 per share. Revenue fell 2.4% from the prior-year to $2.55 billion in the recent quarter. The average revenue estimate was $3.14 billion.
While PPL's third quarter net income estimate has risen $0.01 to $0.70 per share, the net income estimate for the fiscal year has dropped from $2.33 to $2.31.
These companies also have their ex-dividend date on September 6. All annual yields are estimated.
CME Group (CME) yields 3.25% annually and will pay a quarterly dividend of $0.45 on September 25.
Titanium Metals Corporation (TIE) yields 2.50% annually and will pay a quarterly dividend of $0.075 on September 19.
Coach (COH) yields 2.09% annually and will pay a quarterly dividend $0.30 on October 1.
WellPoint (WLP) yields 1.94% annually and will pay a quarterly dividend of $0.2875 on September 25.
CBS Corporation (CBS) yields 1.34% annually and will pay a quarterly dividend of $0.12 on October 1.
Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.
(See also: 11 High-Quality Dividend-Paying Stocks to Consider Ahead of First Quarter)
(See also: SEC Says Retail Investors Are Clueless About Stocks.)
No positions in stocks mentioned.