Highest Yielding Stocks Going Ex-Dividend in December

Investors occasionally use a stock 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 about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets.

If you are interested in buying dividends, there are many stocks in many different industries to choose from. 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.

All of the following stocks yield over 2%:

• Avista Corporation (AVA) goes ex-dividend on 12/2/2008. The stock has a yield of 4.30%.
• Bob Evans Farms, Inc. (BOBE) goes ex-dividend on 12/2/2008. The stock has a yield of 4.17%.
• Brinker International, Inc. (EAT) goes ex-dividend on 12/2/2008. The stock has a yield of 9.26%.
• ArcelorMittal [ADR] (MT) goes ex-dividend on 12/2/2008. The stock has a yield of 9.66%.
• Bank of America Corporation (BAC) goes ex-dividend on 12/3/2008. The stock has a yield of 22.76%.
• Cohen & Steers, Inc. (CNS) goes ex-dividend on 12/3/2008. The stock has a yield of 11.28%.
• El Paso Corporation (EP) goes ex-dividend on 12/3/2008. The stock has a yield of 3.74%.
• Genuine Parts Company (GPC) goes ex-dividend on 12/3/2008. The stock has a yield of 4.35%.
• Hancock Holding Company (HBHC) goes ex-dividend on 12/3/2008. The stock has a yield of 2.69%.
• Harte-Hanks, Inc. (HHS) goes ex-dividend on 12/3/2008. The stock has a yield of 6.32%.
• Kimberly-Clark Corporation (KMB) goes ex-dividend on 12/3/2008. The stock has a yield of 4.29%.
• The Pepsi Bottling Group, Inc. (PBG) goes ex-dividend on 12/3/2008. The stock has a yield of 4.12%.
• Pacific Continental Corporation (PCBK) goes ex-dividend on 12/3/2008. The stock has a yield of 3.33%.
• PepsiCo, Inc. (PEP) goes ex-dividend on 12/3/2008. The stock has a yield of 3.38%.
• Praxair, Inc. (PX) goes ex-dividend on 12/3/2008. The stock has a yield of 3.14%.
• Reliance Steel & Aluminum (RS) goes ex-dividend on 12/3/2008. The stock has a yield of 3.17%.
• Sealed Air Corp. (SEE) goes ex-dividend on 12/3/2008. The stock has a yield of 3.81%.
• The Stanley Works (SWK) goes ex-dividend on 12/3/2008. The stock has a yield of 5.04%.
• Tidewater Inc. (TDW) goes ex-dividend on 12/3/2008. The stock has a yield of 3.18%.
• Tupperware Brands Corporation (TUP) goes ex-dividend on 12/3/2008. The stock has a yield of 5.53%.
• Valley National Bancorp (VLY) goes ex-dividend on 12/3/2008. The stock has a yield of 5.19%.
• Weingarten Realty Investors (WRI) goes ex-dividend on 12/3/2008. The stock has a yield of 18.77%.
• Calavo Growers, Inc. (CVGW) goes ex-dividend on 12/5/2008. The stock has a yield of 5.39%.
• Flushing Financial Corporation (FFIC) goes ex-dividend on 12/5/2008. The stock has a yield of 4.24%.
• V.F. Corporation (VFC) goes ex-dividend on 12/5/2008. The stock has a yield of 5.81%.
• Ameren Corporation (AEE) goes ex-dividend on 12/8/2008. The stock has a yield of 8.56%.
• Constellation Energy Group, Inc. (CEG) goes ex-dividend on 12/8/2008. The stock has a yield of 8.26%.
• CME Group Inc. (CME) goes ex-dividend on 12/8/2008. The stock has a yield of 2.94%.
• Canadian National Railway (CNI) goes ex-dividend on 12/8/2008. The stock has a yield of 2.72%.
• Lancaster Colony Corp. (LANC) goes ex-dividend on 12/8/2008. The stock has a yield of 4.25%.
• Northern Trust Corporation (NTRS) goes ex-dividend on 12/8/2008. The stock has a yield of 3.25%.
• Occidental Petroleum Corporation (OXY) goes ex-dividend on 12/8/2008. The stock has a yield of 3.14%.
• Pepco Holdings, Inc. (POM) goes ex-dividend on 12/8/2008. The stock has a yield of 6.85%.
• Regal Entertainment Group (RGC) goes ex-dividend on 12/8/2008. The stock has a yield of 16.62%.
• Rayonier Inc. (RYN) goes ex-dividend on 12/8/2008. The stock has a yield of 7.05%.
• SCANA Corporation (SCG) goes ex-dividend on 12/8/2008. The stock has a yield of 5.80%.
• The Travelers Companies, Inc. (TRV) goes ex-dividend on 12/8/2008. The stock has a yield of 3.44%.
• Titanium Metals Corporation (TIE) goes ex-dividend on 12/8/2008. The stock has a yield of 5.61%.
• Embarq Corporation (EQ) goes ex-dividend on 12/8/2008. The stock has a yield of 10.97%.
• MDU Resources Group, Inc. (MDU) goes ex-dividend on 12/9/2008. The stock has a yield of 3.98%.
• TELUS Corporation (TU) goes ex-dividend on 12/9/2008. The stock has a yield of 6.59%.
• Enersis S.A. [ADR] (ENI) goes ex-dividend on 12/10/2008. The stock has a yield of 5.94%.
• Federal Signal Corporation (FSS) goes ex-dividend on 12/10/2008. The stock has a yield of 4.40%.
• Mercer Insurance Group, Inc. (MIGP) goes ex-dividend on 12/10/2008. The stock has a yield of 2.61%.
• Patterson-UTI Energy, Inc. (PTEN) goes ex-dividend on 12/10/2008. The stock has a yield of 7.27%.
• TriCo Bancshares (TCBK) goes ex-dividend on 12/10/2008. The stock has a yield of 2.71%.
• Talisman Energy Inc. (TLM) goes ex-dividend on 12/10/2008. The stock has a yield of 2.95%.
• Textron Inc. (TXT) goes ex-dividend on 12/10/2008. The stock has a yield of 7.70%.
• UIL Holdings Corporation (UIL) goes ex-dividend on 12/10/2008. The stock has a yield of 6.28%.
• Albemarle Corporation (ALB) goes ex-dividend on 12/11/2008. The stock has a yield of 2.92%.
• Arbitron Inc. (ARB) goes ex-dividend on 12/11/2008. The stock has a yield of 2.66%.
• BancorpSouth, Inc. (BXS) goes ex-dividend on 12/11/2008. The stock has a yield of 5.03%.
• Corus Entertainment Inc. (CJR) goes ex-dividend on 12/11/2008. The stock has a yield of 5.68%.
• Comerica Incorporated (CMA) goes ex-dividend on 12/11/2008. The stock has a yield of 15.76%.
• Chesapeake Utilities Corporation (CPK) goes ex-dividend on 12/11/2008. The stock has a yield of 4.59%.
• The Corporate Executive Board Company (EXBD) goes ex-dividend on 12/11/2008. The stock has a yield of 8.65%.
• Macy's, Inc. (M) goes ex-dividend on 12/11/2008. The stock has a yield of 9.06%.
• First Financial Bankshares, Inc. (FFIN) goes ex-dividend on 12/11/2008. The stock has a yield of 2.95%.
• GATX Corporation (GMT) goes ex-dividend on 12/11/2008. The stock has a yield of 4.93%.
• Harleysville Group Inc. (HGIC) goes ex-dividend on 12/11/2008. The stock has a yield of 3.87%.
• Kaydon Corporation (KDN) goes ex-dividend on 12/11/2008. The stock has a yield of 3.21%.
• NewMarket Corporation (NEU) goes ex-dividend on 12/11/2008. The stock has a yield of 3.24%.
• New Jersey Resources Corporation (NJR) goes ex-dividend on 12/11/2008 . The stock has a yield of 3.12% .
• PepsiAmericas, Inc. (PAS) goes ex-dividend on 12/11/2008. The stock has a yield of 3.48%.
• Public Storage (PSA) goes ex-dividend on 12/11/2008. The stock has a yield of 4.09%.
• Quest Capital Corp. (USA) (QCC) goes ex-dividend on 12/11/2008. The stock has a yield of 24.03%.
• Sonic Automotive, Inc. (SAH) goes ex-dividend on 12/11/2008. The stock has a yield of 22.75%.
• Shaw Communications Inc. (SJR) goes ex-dividend on 12/11/2008. The stock has a yield of 5.16%.
• World Wrestling Entertainment, Inc. (WWE) goes ex-dividend on 12/11/2008. The stock has a yield of 15.47%.
• S.Y. Bancorp, Inc. (SYBT) goes ex-dividend on 12/11/2008. The stock has a yield of 3.27%.
• NYSE Euronext (NYX) goes ex-dividend on 12/11/2008. The stock has a yield of 6.80%.
• Broadridge Financial Solutions, Inc. (BR) goes ex-dividend on 12/11/2008. The stock has a yield of 2.88%.
• Baldor Electric Company (BEZ) goes ex-dividend on 12/12/2008. The stock has a yield of 6.13%.
• Euroseas Ltd. (ESEA) goes ex-dividend on 12/12/2008. The stock has a yield of 39.10%.

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.

Disclosure: Author owns ELY, PEP, NYX.

Comments

[bc818:]

Of course, the companies can also reduce their dividend without warning. Also, please check your info again as many of the dividends have changed. For example, BAC is paying 1.28 for an 8.5% annual yield, not 22.76%.

2008 Dec 01 10:12 AM

[ustaad:]

Surely, you mean traders or speculators here and not investors. While, it might appeal to some to chase the 1-2% return (on average) that is implied in this trade, there is not a single example out there of building wealth by following these type of arbitrages.

Sure, the extra 1-2% is gravy if someone has a primary long term strategy and is in cash right now and looking for the next big opportunity (Buffet's loaded gun, elephant hunting analogy). If this is the long term strategy, then good luck!!

Cautionary note here...In theory, someone could do this every quarter and accumulate their way to millions. In reality, the market is really efficient about these sort of arbitrages and as soon as enough people start doing it, the excess return goes away.

2008 Dec 01 10:37 AM

[Newbie1234:]

yea. . .a lot of these dividend percentages are wrong. . .

2008 Dec 01 12:43 PM

[rayman:]

What an AWESOME article....quick question for options experts.....
Can't you just throw a zero cost collar on some of these names?
Does that violate any dividend policies?

2008 Dec 01 06:27 PM

[Mitch Willi...:]

ESEA yields only 21% after cutting its dividend.

2008 Dec 02 09:43 AM

[Dividend Gr...:]

I wrote an article on the dividend capture strategy:

www.dividendgrowthinve...

Basically this strategy assumes that markets are inefficient and that there is free lunch. Even the author of the article doesn't do what he preaches - then why should you risk a large capital loss for a small dividend?

2008 Dec 02 11:36 AM

[nyka:]

Dispense with the criticisms. This is a welcome service. Do with it what you want.

2008 Dec 02 02:21 PM

[DVW:]

Humm, in my years of trading I have observed one thing. The day after the stock goes ex-dividend, it drops by at least the dividend amount and that's in a slow market. Best case you are in the stock a few days waiting for it to recover. In a market that moves over 5% per day up AND down, why take the risk for a few percent. You might as well just day trade, or buy and hold the divvy stock for a few years and do a DRiP on it.

2008 Dec 02 04:33 PM

[Fabien Hug:]

This strategy is dangerous in these markets. You may have to wait a long time to recoup the ex div drop. And if you choose the right ones that don't drop after ex date, why sell them?

2008 Dec 03 09:24 AM

[rayman:]

nobody answered my question......guess nobody trades options here.....:(

2008 Dec 04 06:24 PM

[rayman:]

btw .....a zero cost collar is excactly what it says

2008 Dec 04 08:11 PM

[Pipo:]

Mittal CEO made some interesting comments about future prospects. But will he cut its dividend?

ceotalk.blogspot.com/2...

2008 Dec 05 06:45 AM