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 October 31

By

Southern Company, Pioneer Southwest Energy Partners, and Eaton Corporation are on the list.

PrintPRINT
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 October 31 as their ex-dividend date. All annual yields are estimated.

Southern Company (NYSE:SO) yields 4.81% annually and has a market cap of $36.80 billion. The electric utility company will pay a quarterly dividend of $0.5075 on December 6, and the quarterly yield of the dividend will be 1.20% based on yesterday's closing price of $42.29. The company has paid a quarterly dividend since 1972, and each dividend payment has either increased or remained the same from the prior quarter.

Pioneer Southwest Energy Partners (NYSE:PSE) yields 4.25% annually and has market cap of $1.74 billion. The oil and gas company in the US will pay a quarterly dividend of $0.52 on November 12, and the quarterly yield will be 1.08% based on yesterday's closing price of $47.97. The company has paid a quarterly dividend since the second half of 2008.

Eaton Corporation (NYSE:ETN) yields 2.46% annually and has a market cap of $32.3 billion. The global power management companies will pay a quarterly dividend of $0.42 on November 22, and the quarterly yield will be 0.62% based on yesterday's closing price of $67.77. The company has paid a quarterly dividend since 1985, and each dividend payment has either increased or remained the same from the prior quarter.

SanDisk (NASDAQ:SNDK) yields 1.30% annually and has a market cap $15.97 billion. The producer of flash storage card products will pay a quarterly dividend of $0.225 on November 25, and the quarterly yield will be 0.33% based on yesterday's closing price of $68.24. The company began paying a dividend this year.

Citigroup (NYSE:C) yields 0.08% annually and has a market cap of $151.55 billion. The global financial services holding company will pay a quarterly dividend of $0.01 on November 22, and its quarterly yield will be 0.02% based on yesterday's closing price of $50.19. The company has paid a quarterly dividend since the end of 1986.

These companies also have their ex-dividend date on October 31. All annual yields are estimated.

PetroLogistics (NYSE:PDH) yields 13.22% annually and will pay a quarterly dividend of $0.45 on November 14.

Oneok Partners (NYSE:OKS) yields 5.24% annually and will pay a quarterly dividend of $0.725 on November 14.

MPLX (NYSE:MPLX) yields 3.09% annually and will pay a quarterly dividend of $0.2975 on November 14.

Lazard (NYSE:LAZ) yields 2.51% annually and will pay a quarterly dividend of $0.25 on November 22.

Noble Energy (NYSE:NBL) yields 0.75% annually and will pay a quarterly dividend of $0.14 on November 18.

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