A stock must be bought one day before the ex-dividend date to claim any dividends that have been announced but not yet paid. The company determines on the record date, which usually occurs two days after the ex-dividend date, which shareholders qualify for the dividend. Shareholders listed as holders of record after the record date then receive their dividend on the date of payment established by the company. Those purchasing right before the record date forfeit the dividend and normally get the stock for a reduced amount.
It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor?s account.
Below are five stocks that schedule November 9 as their ex-dividend date. All annual yields are estimated.
Duke Realty Corporation (NYSE:DRE) yields 4.87% annually and has a market cap of $3.83 billion. The real estate investment trust, or REIT, in the United States will pay a quarterly dividend of $0.17 on November 30, and its monthly yield will be 1.22% based on yesterday?s closing price of $13.95. The company has paid a quarterly dividend since 1989, and the dividend is down from a high of $0.49 in 2008.
Consolidated Edison (NYSE:ED) yields 4.30% annually and has a market cap $16.74 billion. Consolidated Edison, through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the United States. It will pay a quarterly dividend of $0.605 on December 15, and its quarterly yield will be 1.08% based on yesterday's closing price of $56.26. The company has paid a quarterly dividend since 1970, and since 1974, each dividend payment has either increased or remained the same from the prior quarter. ???
Aflac (NYSE:AFL) yields 2.77% annually and has a market cap of $23.67 billion. Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance. It will pay a quarterly dividend of $0.35 on December 3, and its quarterly yield will be 0.69% based on yesterday?s closing price of $50.48. The company has paid a quarterly dividend since the second half of 1984, and each dividend payment has either increased or remained the same from the prior quarter.
Nu Skin Enterprises (NYSE:NUS) yields 1.75% annually and has a market cap of $2.73 billion. Nu Skin Enterprises develops and distributes anti-aging personal care products and nutritional supplements worldwide. It will pay a quarterly dividend of $0.20 on December 5, and its quarterly yield will be 0.44% based on yesterday?s closing price of $45.77. The company has paid a quarterly dividend since 2001, and each dividend payment has either increased or remained the same from the prior quarter.
United States Steel Corporation (NYSE:X) yields 0.93% annually and has market cap of $3.10 billion. The producer and seller of steel products in the U.S. and Europe will pay a quarterly dividend of $0.05 on December 10, and its quarterly yield will be 0.23% based on yesterday?s closing price of $21.56. The company has paid a quarterly dividend since the second half of 1991, and the dividend payment is down from a high of $0.30 in 2009.
These companies also have their ex-dividend date on November 9. All annual yields are estimated.
SandRidge Permian Trust (NYSE:PER) yields 12.70% annually and will pay a quarterly dividend of $0.6252 on November 29.
Mine Safety Applications (NYSE:MSA) yields 2.98% annually and will pay a quarterly dividend of $0.28 on December 10.
Herbalife (NYSE:HLF) yields 2.54% annually and will pay a quarterly dividend of $0.30 on November 28.
Fresh Del Monte Produce (NYSE:FDP) yields 1.57% annually and will pay a quarterly dividend of $0.10 on December 7.
The Brink?s Company (NYSE:BCO) yields 1.47% annually and will pay a quarterly dividend of $0.10 on December 3.
Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.
Twitter: @ChrisWitrak
No positions in stocks mentioned.
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