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 October 24

By

HSBC Holdings, Healthcare Services Group, and Pentair are on the list.

PrintPRINT
MINYANVILLE ORIGINAL Nine stocks will reach their ex-dividend date tomorrow 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 October 24 as their ex-dividend date. All annual yields are estimated.

HSBC Holdings (NYSE:HBC) yields 5.63% annually and has a market cap of $160.35 billion. The bank has a Retail Banking and Wealth Management business, a Commercial Banking business, and a Global Banking and Markets business. It will pay a quarterly dividend of $0.45 on December 12, and its monthly yield will be 0.90% based on yesterday's closing price of $49.76. The company has paid a quarterly dividend since the second half of 1990. The dividend is down from a high of $0.27 in 2008.

Healthcare Services Group (NASDAQ:HCSG) yields 2.76% annually and has a market cap of $1.62 billion. Healthcare Services Group provides housekeeping, laundry, linen, facility maintenance, and dietary services to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It will pay a quarterly dividend of $0.165 on November 30, and its quarterly yield will be 0.67% based on Friday's closing price of $23.93. The company first paid dividends in 1984, 1985, 1989, 1990, and 1991. It began paying a quarterly dividend at the end of 2003. Since 2003, each dividend payment has either increased or remained the same from the prior quarter.

Pentair (NYSE:PNR) yields 2.09% annually and has market cap of $4.18 billion. The global diversified industrial manufacturing company will pay a quarterly dividend of $0.22 on November 9, and its quarterly yield will be 0.52% based on yesterday's closing price of $42.16. The company has paid a quarterly dividend since the second half of 1990, and each dividend payment has either increased or remained the same from the prior quarter.

Williams-Sonoma (NYSE:WSM) yields 1.86% annually and has a market cap of $4.65 billion. The specialty retailer of home products will pay a quarterly dividend of $0.22 on November 23, and its quarterly yield will be 0.47% based on yesterday's closing price of $47.20. The company has paid a quarterly dividend since 2006, and each payment has either increased or remained the same from the prior quarter.

Signet Jewelers Limited (NYSE:SIG) yields 0.97% annually and has a market cap of $4.09 billion. The specialty jewelry retailer operates in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. It will pay a quarterly dividend of $0.12 on November 26, and its quarterly yield will be 0.24% based on yesterday's closing price of $49.57. The jeweler has paid a dividend since 1999 except for 2010.

These companies also have their ex-dividend date on October 24. All annual yields are estimated.

Banco Latinoamericano de Comerico Exterior (NYSE:BLX) yields 5.38% annually and will pay a quarterly dividend of $0.30 on November 1.

Franklin Street Properties (NYSEAMEX:FSP) yields 6.79% annually and will pay a quarterly dividend of $0.195 on November 15.

PetSmart (NASDAQ:PETM) yields 0.98% annually and will pay a quarterly dividend of $0.165 on November 9.

St. Mary Land Exploration (NYSE:SM) yields 0.18% annually and will pay a semi-annual dividend of $0.05 on November 7.

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