In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, and the yield.
|Columbia Banking Systems||COLB||5/9/2016||2.3%|
|Enterprise Bancorp, Inc.||EBTC||5/9/2016||2.1%|
|Scorpio Tankers Inc.||STNG||5/9/2016||7.8%|
|Berkshire Hills Bancorp||BHLB||5/10/2016||2.9%|
|Nordic American Offshore Ltd||NAO||5/10/2016||9.2%|
|Nordic American Tankers||NAT||5/10/2016||11.4%|
|A. H. Belo Corporation||AHC||5/11/2016||6.6%|
Declaration date: the day that the company declares that there is going to be an upcoming dividend.
Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.
Record date: the day when you must be on the company's books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.
Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.
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Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.
Disclosure: Author did not own any of the above at the time the article was written.