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 June 10

By

Newmont Mining, Kohl's, and HollyFrontier are on the list.

PrintPRINT
Many stocks will reach their ex-dividend date next Monday 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 June 10 as their ex-dividend date. All annual yields are estimated.

Newmont Mining Corporation (NYSE:NEM) yields 4.08% annually and has a market cap of $17.04 billion. The global copper and gold miner will pay a quarterly dividend of $0.35 on June 27, and the quarterly yield of the dividend will be 1.02% based on Friday's closing price of $34.28. The company has paid a quarterly dividend since 1987.

Kohl's Corporation (NYSE:KSS) yields 2.72% annually and has a market cap of $11.41 billion. The operator of department stores in the US will pay a quarterly dividend of $0.35 on June 26, and the quarterly yield will be 0.68% based on Friday's closing price of $51.41. The company has paid a quarterly dividend since 2011.

HollyFrontier Corporation (NYSE:HFC) yields 2.42% annually and has a market cap of $10.03 billion. The independent US petroleum refiner will pay a quarterly dividend of $0.30 on July 3, and the quarterly yield will be 0.60% based on Friday's closing price of $49.50. The company has paid a quarterly dividend since 1988.

Hewlett-Packard Company (NYSE:HPQ) yields 2.38% annually and has a market cap $47.25 billion. The global provider of technologies and software products and services will pay a quarterly dividend of $0.1452 on July 3, and the quarterly yield will be 0.59% based on Friday's closing price of $24.42. The company has paid a quarterly dividend since 1992, and each dividend payment has either increased or remained the same from the prior quarter.

Anadarko Petroleum Corporation (NYSE:APC) yields 0.41% annually and has a market cap of $43.86 billion. The global producer of crude oil and natural gas will pay a quarterly dividend of $0.09 on July 26, and its quarterly yield will be 0.10% based on Friday's closing price of $87.47. The company has paid a quarterly dividend since the end of 1987.

These companies also have their ex-dividend date on June 10. All annual yields are estimated.

Ameren (NYSE:AEE) yields 4.70% quarterly and will pay a quarterly dividend of $0.40 on June 28.

Parkway Properties (NYSE:PKY) yields 3.49% quarterly and will pay a quarterly dividend of $0.15 on June 26.

Guess (NYSE:GES) yields 2.52% annually and will pay a quarterly dividend of $0.20 on June 28.

OfficeMax (NYSE:OMX) yields 0.61% annually and will pay a special dividend of $1.50 on July 7.

Amphenol Corporation (NYSE:APH) yields 0.54% annually and will pay a quarterly dividend of $0.105 on July 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