Seeking Alpha
Long only, value, special situations, long-term horizon
Profile| Send Message|
( followers)  

In order to be entitled to a stock’s dividend, an investor must own the stock and not sell it before the ex-dividend date. The dividend may not actually be paid for several weeks after the ex-dividend date, but the equity will immediately be re-priced to reflect the owed dividend being removed from the corporate coffers and share value.

Below, I have assembled a list of equities that will be going ex-dividend next week. Some individuals like to buy equities before an ex-dividend date, in order to capture the dividend. Others prefer to buy equities after ex-dividends, when the stock’s price is hurt to a greater extent than is warranted by the dividend being paid.

While neither plan is a sure thing nor even an advisable investment discipline, keeping track of ex-dividend dates is important so that you can understand why an equity may be zigging when the rest of the market zags.

Below, I have provided the present annual yield, the value of the pending dividend and performance charts for those equities that have ex-dividend dates scheduled for next week on Monday, November 28, 2011. I have only included those equities valued at over $1 billion and with dividends of at least two percent. Click on each chart to enlarge:

Allstate (NYSE:ALL)

  • Annual Yield: 3.15%
  • Dividend Value $0.21

Brookfield Infrastructure Partners (NYSE:BIP)

  • Annual Yield: 5.32%
  • Dividend Value: $0.35

Bank of Hawaii (NYSE:BOH)

  • Annual Yield: 4.21%
  • Dividend Value: $0.45

Cooper Industries (CBE)

  • Annual Yield: 2.12%
  • Dividend Value: $0.29

Commerce Bankshares (NASDAQ:CBSH)

  • Annual Yield: 2.36%
  • Dividend Value: $0.23

Crane Company (NYSE:CR)

  • Annual Yield: 2.25%
  • Dividend Value: $0.26

Dover Corporation (NYSE:DOV)

  • Annual Yield: 2.24%
  • Dividend Value: $0.32

Mattel (NASDAQ:MAT)

  • Annual Yield: 3.17%
  • Dividend Value: $0.23

Meredith Corp. (NYSE:MDP)

  • Annual Yield: 5.47%
  • Dividend Value: $0.38

Newell Rubbermaid (NYSE:NWL)

  • Annual Yield: 2.0%
  • Dividend Value: $0.08

Prospect Capital (NASDAQ:PSEC)

  • Annual Yield: 12.88%
  • Dividend Value: $0.10

STMicroelectronics (NYSE:STM)

  • Annual Yield: 4.63%
  • Dividend Value: $0.09

Time Warner Cable (NYSE:TWC)

  • Annual Yield: 3.15%
  • Dividend Value: $0.48

Time Warner (NYSE:TWX)

  • Annual Yield: 2.67%
  • Dividend Value: $0.23

Waste Management (NYSE:WM)

  • Annual Yield: 4.27%
  • Dividend Value: $0.34

The ex-dividend date is usually two trading days before the holder of record date for U.S. securities. Companies will usually provide both a record and ex-dividend date. In order to have a claim towards the dividend, shares must be purchased no later than the last business day before the ex-dividend date.

The price of a stock may increase in anticipation of the upcoming dividend as the ex-dividend date approaches, though it will suffer a reduction in price due to the dividend exclusion.

Disclaimer: This article is intended to be informative and should not be construed as personalized advice, as it does not take into account your specific situation or objectives.

Source: 15 Stocks Going Ex-Dividend On Monday, November 28, 2011