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 5

By

Frontier Communications, Wal-Mart Stores, and Coach are on the list.

PrintPRINT
MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Wednesday, 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 5 as their ex-dividend date. All annual yields are estimated.

Frontier Communications (NASDAQ:FTR) yields 8.71% annually and has a market cap of $4.69 billion. Frontier Communications Corporation provides communications services for residential and business customers in the United States. It will pay a quarterly dividend of $0.10 on December 31, and its quarterly yield will be 2.13% based on yesterday's closing price of $4.70. The company has paid a quarterly dividend since 1992, and the dividend is down from a high of $0.25 in 2010.

Wal-Mart Stores (NYSE:WMT) yields 2.25% annually and has a market cap of $237.50 billion. The global operator of retail stores will pay a quarterly dividend of $0.3975 on December 27, and its quarterly yield will be 0.56% based on yesterday's closing price of $70.56. Wal-Mart has paid a dividend since 1974, and the dividend has increased every year.

Coach (NYSE:COH) yields 2.00% annually and has a market cap of $16.92 billion. Coach engages in the design, marketing, and distribution of handbags, accessories, wearables, footwear, jewelry, sunwear, travel bags, watches, and fragrances for women and men in the United States and internationally. It will pay a quarterly dividend of $0.30 on January 2, and its quarterly yield will be 0.50% based on yesterday's closing price of $60.15. The company has paid a quarterly dividend since 2009, and the dividend has increased each year.
< Previous
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE