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 March 27

By

Realty Income Corporation, Cardinal Health, and Dell are on the list.

PrintPRINT
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 March 27 as their ex-dividend date. All annual yields are estimated.

Realty Income Corporation (NYSE:O) yields 4.93% annually and has a market cap of $7.88 billion. The buyer and owner of commercial retail real estate properties in the US will pay a monthly dividend of $0.1812 on April 15, and its monthly yield will be 0.41% based on yesterday's closing price of $44.05. The company has paid a monthly dividend since 1994.

Cardinal Health (NYSE:CAH) yields 2.60% annually and has a market cap of $14.44 billion. The provider of pharmaceutical and medical products will pay a quarterly dividend of $0.275 on April 15. Its quarterly yield will be 0.65% based on yesterday's closing price of $42.35. The company has paid a dividend since 1983 and a quarterly dividend since 1985.

Dell (NASDAQ:DELL) yields 2.24% annually and has a market cap of $25 billion. The global information technology company will pay a quarterly dividend of $0.08 on April 22, and its quarterly yield will be 0.56% based on yesterday's closing price of $14.31. The company began paying a quarterly dividend last year.

Mondelez International (NASDAQ:MDLZ) yields 1.83% annually and has a market cap of $50.4 billion. The global snack food and beverage company will pay a quarterly dividend of $0.13 on April 15, and its quarterly yield will be 0.46% based on yesterday's closing price of $28.34. The company has paid a quarterly dividend since the end of 2001.

State Street Corporation (NYSE:STT) yields 1.75% annually and has a market cap of $27.07 billion. The financial holding company will pay a quarterly dividend of $0.26 on April 12, and the quarterly yield will be 0.44% based on yesterday's closing price of $59.26. The company has paid a quarterly dividend since the second half of 1987.

These companies also have their ex-dividend date on March 27. All annual yields are estimated.

NuStar Logistics (NYSE:NSS) yields 7.18% annually and will pay a quarterly dividend of $0.4765 on April 15.

BankUnited (NYSE:BKU) yields 3.33% annually and will pay a quarterly dividend of $0.21 on April 15.

Pebblebrook Hotel Trust (NYSE:PEB) yields 2.53% annually and will pay a quarterly dividend of $0.16 on April 15.

Raymond James Financial (NYSE:RJF) yields 1.18% annually and will pay a quarterly dividend of $0.14 on April 15.

Wolverine Worldwide (NYSE:WWW) yields 1.09% annually and will pay a quarterly dividend of $0.12 on May 1.

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