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 13

By

The Western Union Company, Merck, and DDR Corporation are on the list.

PrintPRINT
MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Thursday, 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 13 as their ex-dividend date. All annual yields are estimated.

The Western Union Company (NYSE:WU) yields 3.87% annually and has a market cap of $7.80 billion. The Western Union Company provides money movement and payment services worldwide. It will pay a quarterly dividend of $0.125 on December 31, and its quarterly yield will be 0.97% based on yesterday's closing price of $12.93. The company paid an annual dividend beginning in 2006 and switched to a quarterly dividend in 2010.

Merck (NYSE:MRK) yields 3.86% annually and has a market cap of $134.87 billion. Merck provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It will pay a quarterly dividend of $0.43 on January 8, and its quarterly yield will be 0.97% based on yesterday's closing price of $44.51. The company has paid a quarterly dividend since 1970.

DDR Corporation (NYSE:DDR) yields 3.10% annually and has a market cap $4.70 billion. The real estate investment trust, or REIT, operating in the US will pay a quarterly dividend of $0.12 on January 4, and its quarterly yield will be 0.77% based on yesterday's closing price of $15.50. The REIT has paid quarterly dividend since 1993.

Dr Pepper Snapple Group (NYSE:DPS) yields 2.99% annually and has a market cap of $9.48 billion. Dr Pepper Snapple Group engages in the ownership, manufacture, and distribution of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. It will pay a quarterly dividend of $0.34 on January 4, and its quarterly yield will be 0.75% based on yesterday's closing price of $45.50. The company began paying a quarterly dividend at the end of 2009.

Thermo Fisher Scientific (NYSE:TMO) yields 0.93% annually and has a market cap of $23.19 billion. Thermo Fisher Scientific provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. It will pay a quarterly dividend of $0.15 on January 15, and its quarterly yield will be 0.23% based on yesterday's closing price of $64.37. The company began paying a quarterly dividend again this year after briefly paying a dividend in 2001.

(See also: Not All Dividend Stocks Are Equal: Here's How to Choose the Winners.)

These companies also have their ex-dividend date on December 13. All annual yields are estimated.

Equity One (NYSE:EQY) yields 4.15% annually and will pay a quarterly dividend of $0.22 on December 31.

Rayonier (NYSE:RYN) yields 3.50% annually and will pay a quarterly dividend of $0.44 on December 31.

Gazit-Globe (NYSE:GZT) yields 3.45% annually and will pay a quarterly dividend of $0.1036 on December 31.

Endurance Specialty Holdings (NYSE:ENH) yields 3.12% annually and will pay a quarterly dividend of $0.31 on December 31.

Methanex Corporation (NASDAQ:MEOH) yields 2.37% annually and will pay a quarterly dividend of $0.185 on December 31.

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