Surprisingly, there are 20 different stocks going ex-dividend on October 8. Whenever we are having a rising stock market, some 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 bull 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, and yields over 3%.
Sims Group Limited (SMS) Ex-div date: 10/7/2008 Yield: 4.0% .
Genworth Financial, Inc. (GNW) Ex-div date: 10/8/2008 PE: 9 PEG: 0.97 Yield: 3.8% .
Lincoln National Corporation (LNC) Ex-div date: 10/8/2008 PE: 13 PEG: 1.28 Yield: 3.4% .
Masco Corporation (MAS) Ex-div date: 10/8/2008 PE: 41 PEG: 3.30 Yield: 4.9% .
NSTAR (NST) Ex-div date: 10/8/2008 PE: 16 PEG: 2.50 Yield: 4.1% .
Progress Energy, Inc. (PGN) Ex-div date: 10/8/2008 PE: 15 PEG: 2.28 Yield: 5.6% .
Tomkins plc (TKS) Ex-div date: 10/8/2008 PE: 16 PEG: 2.97 Yield: 11.0% .
Verizon Communications Inc. (VZ) Ex-div date: 10/8/2008 PE: 16 PEG: 1.80 Yield: 5.4% .
WGL Holdings, Inc. (WGL) Ex-div date: 10/8/2008 PE: 15 Yield: 4.2% .
WPP Group plc (WPPGY) Ex-div date: 10/8/2008 PE: 12 Yield: 4.1% .
Universal Corporation (UVV) Ex-div date: 10/9/2008 PE: 14 Yield: 3.6% .
Grupo Aeroportuario del Centro Norte (OMAB) Ex-div date: 10/9/2008 Yield: 6.8% .
Corus Entertainment Inc. (CJR) Ex-div date: 10/10/2008 PE: 12 PEG: 0.89 Yield: 3.1% .
Mid-America Apartment (MAA) Ex-div date: 10/10/2008 PE: 79 PEG: 12.72 Yield: 4.9% .
Shaw Communications Inc. (SJR) Ex-div date: 10/13/2008 PE: 14 PEG: 0.84 Yield: 3.7% .
BB&T Corporation (BBT) Ex-div date: 10/15/2008 PE: 13 PEG: 2.06 Yield: 4.8% .
Saul Centers, Inc. (BFS) Ex-div date: 10/15/2008 PE: 30 PEG: 6.92 Yield: 4.0% .
Foot Locker, Inc. (FL) Ex-div date: 10/15/2008 PE: 39 PEG: 2.82 Yield: 3.4% .
Morgan Stanley (MS) Ex-div date: 10/15/2008 PE: 245 PEG: 19.73 Yield: 4.0% .
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 WallStreetNewsNetwork.com.
Author owns OMAB.
By Fred Fuld at Stockerblog.com