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 September 18

By

Tiffany, Safeway, and Excel Energy are on the list.

PrintPRINT
MINYANVILLE ORIGINAL Many 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. Dividends are paid on the dividend record date, usually two business days after the ex-dividend date.

Purchasers must own a stock several days prior to the dividend record date to get the dividend. Those purchasing right before the 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 effect 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 September 18 as their ex-dividend date. All annual yields are estimated.

LTC Properties (LTC) yields 5.17% annually and has a market cap of $1.04 billion. The health care real estate investment trust will pay a monthly dividend of $0.155 on September 28. Its monthly yield will be 0.46% based on last Friday's closing price of $34.02. The company has paid a dividend since 1992, except for 2001, and it switched to a monthly dividend in 2005.

Safeway (SWY) yields 4.15% annually and has a market cap of $4.04 billion. The North American foods and drug retailer will pay a quarterly dividend of $0.175 on October 11. Its quarterly yield will be 1.04% based on last Friday's closing price of $16.86. The company has paid a quarterly dividend since 2005. The dividend has either increased or remained the same from the prior quarter.

Greif (GEF) yields 3.63% annually and has a market cap of $2.20 billion. The industrial packaging, bulk containers, containerboard, and corrugated products seller will pay a quarterly dividend of $0.42 on October 1. This dividend results in a quarterly yield of 0.91% based on last Friday's closing price of $46.34. The company has paid a quarterly dividend since 1996.

Xcel Energy (XEL) yields 3.84% annually. The US energy provider has a market cap of $13.72 billion and will pay a quarterly dividend of $0.27 on October 20. Its quarterly yield will be 0.96% based on last Friday's closing price of $28.14. The company has paid a quarterly dividend since the middle of 1985.

Tiffany (TIF) yields 1.95% annually and has a market cap of $8.31 billion. The international fine jewelry company will pay a quarterly dividend of $0.32 on October 10. Its quarterly yield will be 0.49% based on last Friday's closing price of $65.60. The company has paid a quarterly dividend since the middle of 1989. The dividend has either increased or remained the same from the prior quarter.
< Previous
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE