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 during the next week or two. The list contains many dividend paying companies, all with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the market capitalization, the ex-dividend date and the yield.
Sanofi SA (ADR) | SNY | $98.7B | 5/7/2012 | 4.7% |
Entergy Corporation | ETR | $11.6B | 5/8/2012 | 5.1% |
Pitney Bowes Inc. | PBI | $3.5B | 5/9/2012 | 8.7% |
Valley National Bancorp | VLY | $2.4B | 5/9/2012 | 5.4% |
Eli Lilly & Co. | LLY | $46.3B | 5/11/2012 | 4.9% |
Shaw Communications Inc. | SJR | $8.4B | 5/11/2012 | 4.9% |
Vectren Corporation | VVC | $2.4B | 5/11/2012 | 4.9% |
Consolidated Edison, Inc. | ED | $17.2B | 5/14/2012 | 4.1% |
Dividend definitions:
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 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.
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.
By Stockerblog.com
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