Wednesday, September 17, 2008

Stocks Going Ex Dividend Early October

Whenever we are in a bull market, investors use a trading technique called 'Buying Dividends,' which is the technique of buying stocks before the ex dividend date and selling the stock shortly after the ex date at approximately the same price, yet being entitled to the dividend. Please note: this usually only works in rising markets.

If you are interested in buying dividends, there are several stocks in several different sectors and industries to choose from. Remember that, 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 month.

All of the following stocks have market caps over $500 million, PEs below 20, PEGs below 2, and yields over 3%.

Bristol Myers Squibb Co. (BMY) Ex-dividend date: 10/1/2008 PE ratio: 20 PEG ratio: 1.91 Yield: 5.8%

Erie Indemnity Company (ERIE) Ex-dividend date: 10/1/2008 PE ratio: 18 Yield: 3.8%

Kimco Realty Corporation (KIM) Ex-dividend date: 10/1/2008 PE ratio: 31 PEG ratio: 4.25 Yield: 4.3%

Superior Industries International Inc. (SUP) Ex-dividend date: 10/1/2008 PE ratio: 42 PEG ratio: 2.79 Yield: 3.3%

Toronto-Dominion Bank (USA) (TD) Ex-dividend date: 10/1/2008 PE ratio: 12 PEG ratio: 1.24 Yield: 4.1%

Waddell & Reed Financial, Inc. (WDR) Ex-dividend date: 10/1/2008 PE ratio: 16 PEG ratio: 1.08 Yield: 3.1%

DCT Industrial Trust Inc. (DCT) Ex-dividend date: 10/2/2008 PE ratio: 271 PEG ratio: 50.62 Yield: 9.3%

The Bank of Nova Scotia (USA) (BNS) Ex-dividend date: 10/3/2008 PE ratio: 12 PEG ratio: 1.52 Yield: 4.5%

Sovran Self Storage, Inc. (SSS) Ex-dividend date: 10/6/2008 PE ratio: 22 Yield: 6.2%

For more details on dividend definitions, check out definitions of dividend dates. If you like dividend stocks, you should check out the the High Yield Utility stocks and the Monthly Dividend Stocks at

Author does not own any of the above.

By Fred Fuld at

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