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.
Sierra Bancorp | BSRR | 5/3/2016 | 2.7% |
Cardinal Financial | CFNL | 5/3/2016 | 2.2% |
Delek Logistics Partners MLP | DKL | 5/3/2016 | 7.5% |
Dynagas LNG Partners | DLNG | 5/3/2016 | 10.9% |
First Niagara Financial | FNFG | 5/3/2016 | 3.0% |
Heritage Financial | HFWA | 5/3/2016 | 2.6% |
Idacorp | IDA | 5/3/2016 | 2.8% |
KKR & Co L P | KKR | 5/3/2016 | 4.5% |
Eaton Corp | ETN | 5/4/2016 | 3.6% |
Heidrick & Struggles | HSII | 5/4/2016 | 2.6% |
Independent Bank | IBCP | 5/4/2016 | 2.1% |
Intel Corp | INTC | 5/4/2016 | 3.3% |
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 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.
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.