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 November 8

By

Intersil Corporation, TECO Energy, and Rockwell Automation are on the list.

PrintPRINT
MINYANVILLE ORIGINAL Twelve 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 November 8 as their ex-dividend date. All annual yields are estimated.

Intersil Corporation (NASDAQ:ISIL) yields 6.23% annually. Intersil Corporation designs, develops, manufactures, and markets analog and mixed-signal integrated circuits for applications in the industrial, computing, consumer, and communications electronics markets. It will pay a monthly dividend of $0.12 on November 23, and the monthly yield will be 1.56% based on yesterday's closing price of $7.70. The company has paid a quarterly dividend since the end of 2003. Each dividend payment has either increased or remained the same from the prior quarter.

TECO Energy (NYSE:TE) yields 4.93% annually. TECO Energy, an energy-related holding company, primarily engages in regulated utility operations. It will pay a quarterly dividend of $0.22 on November 28, and its monthly yield will be 1.44% based on yesterday's closing price of $17.84. The company has paid a quarterly dividend since 1985.

Rockwell Automation (NYSE:ROK) yields 2.38% annually. Rockwell Automation provides industrial automation power, control, and information solutions. It will pay a quarterly dividend of $0.47 on December 10, and its quarterly yield will be 0.60% based on yesterday's closing price of $78.92. The company has paid a quarterly dividend since 1982, and the dividend payment has reached its largest payment in the company's history.

Altera Corporation (NASDAQ:ALTR) yields 1.26% annually and has market cap of $10.05 billion. Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and associated development tools. It will pay a quarterly dividend of $0.10 on December 3, and its quarterly yield will be 1.92% based on yesterday's closing price of $31.84. The company has paid a quarterly dividend since 2007, and each dividend payment has either increased or remained the same.

American Financial Group (NYSE:AFA) has a market cap of $2.32 billion. American Financial Group provides property and casualty insurance, and annuity and supplemental insurance products in the United States. It will pay a quarterly dividend of $0.3633 on November 26, and its quarterly yield will be 1.42% based on yesterday's closing price of $25.55. This will be the company's first dividend payment.

These companies also have their ex-dividend date on November 8. All annual yields are estimated.

Seaspan Corporation (NYSE:SSW) yields 5.93% annually and will pay a quarterly dividend of $0.25 on November 23.

Richardson Electronics (NASDAQ:RELL) yields 2.08% annually and will pay a quarterly dividend of $0.06 on December 27.

Landstar Systems (NASDAQ:LSTR) yields 0.46% annually and will pay a quarterly dividend of $0.06 on December 7.

Hudson Valley Holding Corporation (NYSE:HVB) yields 4.88% annually and will pay a quarterly dividend of $0.18 on November 23.

Carriage Services (NYSE:CSV) yields 0.87% annually and will pay a quarterly dividend of $0.025 on December 3.

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

Twitter: @ChrisWitrak
< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE