Here
is our latest update on the stock trading technique called 'Buying
Dividends,' also commonly referred to as 'Dividend Capture.' This is the
process of buying stocks before the
ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the
dividend.
This technique generally works only in bull markets, and can work in
flat or choppy markets, but you need to avoid the technique during bear
markets.
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.
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| Kimco Realty Corp |
KIM |
10/1/2014 |
4.1% |
| Mack-Cali Realty |
CLI |
10/1/2014 |
6.2% |
| Medtronic, Inc. |
MDT |
10/1/2014 |
2.0% |
| Saga Communications, Inc. |
SGA |
10/1/2014 |
2.2% |
| Stein Mart, Inc. Com. |
SMRT |
10/1/2014 |
2.6% |
| Superior Industries |
SUP |
10/1/2014 |
4.0% |
| Sysco Corp |
SYY |
10/1/2014 |
3.1% |
| Toronto-Dominion Bank |
TD |
10/1/2014 |
3.8% |
-->
| Golden Enterprises, Inc. |
GLDC |
10/2/2014 |
2.7% |
| JP Morgan Chase |
JPM |
10/2/2014 |
2.7% |
| Pacific Coast Oil Trust |
ROYT |
10/2/2014 |
15.5% |
| Steelcase Inc. |
SCS |
10/2/2014 |
2.6% |
The additional
ex-dividend stocks can
be found at wsnn.com. (If you have been to the website before, and the
latest link doesn't show up, you may have to empty your cache.) If you
like dividend stocks, you should check out some of the other high yield
stock lists at
WallStreetNewsNetwork.com or WSNN.com. Most of the lists are free.
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.
Monthly Dividend Stock List
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.
Book now available: Buying Dividends Revised and Expanded
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.
, Jim Cramer's Getting Back to Even
, and his latest book Jim Cramer's Get Rich Carefully
.
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Warren E. Buffett (Foreword)
Warren E. Buffett (Author)
