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This article will examine five dividend paying stocks that have October ex-dividend dates:

Royal Bank of Canada (RY) Royal Bank has a market cap of $66.35 billion with a price-to-earnings ratio of 16.02. The stock has traded in a 52-week range of $43.05 to $63.59. The current stock price is around $44. The company reported third quarter net income for the period ending on July 31st of $-156 million, compared with net income of $1.21 billion in the third quarter of 2010. Net Income for the 2010 fiscal year ending on October 31, 2010, was $5.23 billion versus net income of $3.82 in the 2009 fiscal year.

One competitor of Royal Bank is Toronto Dominion Bank (TD). Toronto Dominion is currently trading around $72 with a market cap of $63.86 billion and a price-to- earnings ratio of 2.28. Toronto Dominion pays a dividend, which yields 3.7% versus Royal Bank's dividend, which yields 4.6%.

Royal Bank’s third quarter ex-dividend date is October 24th. The bank is projected to pay a dividend of $0.54 with a yield of about 4.6%. Royal Bank is among the largest banks in the world when measured by assets and market capitalization. The Bank came through the economic slowdown unscathed, and increased net income by 36.9% in the fiscal year ending on October 31, 2010. In general Canadian Banks have been safe investments. Royal Bank’s stock price is down 9.8% over the last 52 weeks but is up by 6.9% over the last 3 years. The stock price is currently 31% off its 52-week high. I would not purchase this stock until the stock price begins to turn around. I rate Royal Bank of Canada as a hold.

Brookfield Asset Management Inc. (BAM) Brookfield has a market cap of $16.72 billion with a price-to-earnings ratio of 7.54. The stock has traded in a 52-week range of $25.64 to $34.23. The current stock price is around $26. The company reported second quarter revenue of $3.99 billion compared with revenue of $3.27 billion in the second quarter of 2010. Second quarter net income was $809 million compared with net income of $94.6 million in the second quarter of 2010.

Brookfield is a Canadian company that manages commercial property, timber and Hydroelectricity assets. The company has no direct competitors.

Brookfield’s third quarter ex-dividend date is October 28th. The dividend will be $0.13 and will yield around 1.8%. The company has been paying quarterly dividends for decades and been paying its current divided amount since the second quarter of 2008. Brookfield’s recent earnings results have been pretty impressive. The company increased its 2010 earnings by 755% from $94.6 million in 2009 to $809 million in 2010. Unfortunately for Brookfield its stock price has not reflected its recent earnings growth. The stock price is down by 1.97% over the last 52 weeks. Brookfield is a consistently profitable company that has a low PE and a price-to-book ratio of 1.06. However, I cannot recommend this company as the dividend yield is only 1.8% and investors have not shown interest in this stock. I rate Brookfield Asset Management Inc. as a hold.

Monsanto Company (MON) Monsanto has a market cap of $35.22 billion with a price-to-earnings ratio of 22.46. The stock has traded in a 52 week range of $47.07 to $77.09. The current stock price is around $64. On June 29th, the company reported third quarter earnings, for the period ending May 31st. Third-quarter revenue was $3.59 billion compared with revenue of $2.96 billion in the third quarter of 2010. Third- quarter net income was $680 million compared with net income of $384 million in the third quarter of 2010.

One of Monsanto’s competitors is BASF SE (OTCQX:BASFY). BASF is currently trading around $60 with a market cap of $54.88 billion and a price-to-earnings ratio of 6.45. BASF does not pay a dividend.

Monsanto’s third quarter ex-dividend date is October 5th. The dividend will be $0.28 and will yield around 1.7%. Monsanto went through a restructuring in 2010 and is seeing increased earnings in 2011. The business is highly seasonal but has seen an increase in year-over- year earnings in each of the first two quarters. Investors apparently approve of Monsanto’s restructuring plans and have bid up the stock price by 22.58% over the last 52 weeks. However, I cannot recommend this stock. The stock's 22.46 price-to-earnings ratio is high for a company that sells agricultural products. Also, the stock price has been declining and is below its 50-day moving average. I think that Monsanto Company is fully priced, and I rate the stock a hold.

Verizon Communications Inc. (VZ) Verizon has a market cap of $101.45 billion with a price-to-earnings ratio of 16.08. The stock has traded in a 52-week range of $31.60 to $38.95. The current stock price is around $35. On July22nd, the company reported second-quarter revenue of $27.5 billion compared with revenue of $26.8 billion in the second quarter of 2010. Second-quarter net income was $1.61 billion compared with net income of $-198 million in the second quarter of 2010.

Verizon’s biggest competitor is AT&T Inc. (T). AT&T is currently trading around $28 with a market cap of $164.45 billion and a price-to-earnings ratio of 8.08. AT&T pays a dividend, which yields 6%.

Verizon’s third-quarter ex-dividend date is October 5th. The dividend will be $0.488 and will yield around 5.5%. Verizon has seen its net income decrease from $6.43 billion in 2008, to $3.65 billion in 2009, and finally to $2.55 billion in 2010. The first two quarter results indicate that net income for 2011 will be even lower than 2010. The balance sheet shows that Cash and equivalents and shareholder equity has also decreased. In spite of the company's dismal earnings results, the stock has performed pretty well. The stock price is up by 11.41% over the last 52 weeks and 33.58% over the last three years. On August 18th, CNBC stock analyst Jim Cramer endorsed this stock. I like this company and its 5.5% dividend yield is quite attractive. I would advise investors to buy this stock upon any price dips.

The Washington Post Company (WPO) The Post has a market cap of $2.53 billion with a price-to-earnings ratio of 13.23. The stock has been trading in a 52-week range of $309.63 to $455.68. The current stock price is around $313. The company reported second-quarter revenue of $1.07 billion compared with revenue of $1.19 billion in the second quarter of 2010. Second-quarter net income was $45.6 million versus net income of $91.9 million in the second quarter of 2010.

One of the Post’s competitors is the New York Times (NYT). The Times is currently trading around $6 with a market cap of $911 million and a negative price-to-earnings ratio. The Times does not pay a dividend.

The Post’s ex-dividend date is October 20th. The dividend will be $2.35 and will yield around 2.8%. The company has paid quarterly dividends for decades and raised its dividend by 4.4% in for the first quarter of 2011. Over the years, the Post has remade itself, and is now more of a media company than a hard copy newspaper company. The company earns revenue through Cable TV, Broadcast TV and Education services. Newspaper sales account for less than 15% of the company’s business. In 2010; the Post increased its net income by 201% to $277 million from $91.9 million in 2009. In spite of the company's 2010 earnings uptick, the stock price has suffered. The stock price is down by 15.24% over the last 52 weeks and 70% over the last three years. I believe that investors are unwilling to buy stock in a company that they consider to be an old fashioned newspaper business. I rate the Washington Post as a sell.

Source: 5 Solid Dividend Stocks To Hunt For In October