Five Stocks Going Ex-Dividend in June

If you want to try the 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, there are many stocks to choose from. This technique generally works only in bull markets.

When you buy dividends, there are many stocks in many different sectors 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. WallStreetNewsNetwork has compiled a free downloadable and sortable Excel list of the stocks going ex dividend during the last half of May. They came up with over 40 companies all with market caps over $500 million. Here are a few examples showing the stock symbol, the ex-dividend date and the yield:

Avery Dennison Corporation (AVY) 6/1/09 6.20%

Genuine Parts Company (GPC) 6/3/09 5.04%

H&R Block, Inc. (HRB) 6/8/09 4.29%

Shaw Communications Inc. (SJR) 6/11/09 4.42%

Hillenbrand, Inc. (HI) 6/12/09 4.42%

If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com. For more details on dividend definitions, check out definitions of dividend dates. Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author doesn't own any of the above.

Comments

[TCK:]

A minor point, but you can sell the stock " ON " the ex dividend date and still be able to collect the dividend.

Also , don't forget the cost of commissions which could be more than the dividend. In summary, no free lunch with this play.

May 26 08:45 AM