Each month I create a list of dividend stocks that are going ex-dividend in the next 30 days. The ex-dividend date is the day a stock trades without it’s dividend. To qualify for the dividend you must own the stock at the close of trading the day before it’s ex-dividend date.
Some investors like to be long a stock before the ex-dividend date for obvious reasons. We break down the fundamentals of all the high yield dividend stocks to sort the good from the bad. November has over 50 stocks going ex-dividend that yield over 3%. Here are a few of my favorites.
Johnson & Johnson – JNJ
Ex-dividend date: 11/25. JNJ is one of the top rated stocks on our safe dividend stock list. It has been paying dividends since 1944 and is considered a core holding for many income investors. It currently has a dividend yield of 3.4% with a 5 year dividend growth rate of almost 10% and a payout ratio of just 53%. Not that you needed another reason to think that the dividend was safe.
Southern Company - SO
Ex-dividend date: 11/3. Southern Company is an electric utility company with a dividend yield of 4.3%. The dividend growth rate is decent, but not outstanding at 4%. While the dividend payout ratio is a little high at 80% they have been increasing their dividend each year for the last 9 years.
GreeneCounty Bancorp – GCBC
Ex-dividend date: 11/10. Don’t mistake Greene for Greece. GCBC is the holding company for Greene County Commercial Bank. They reported a 14% increase in net income for 2011 Q3 year over year. Their growth is promising and their dividend fundamentals are just as good. Their 4.8% dividend yield is just slightly over their 5 year average of 4.5%. I’m expecting a quarterly dividend increase soon to keep up with their 5 year dividend growth rate of 14.8%.
Dominion Resources – D
Ex-dividend date: 11/30. Dominion has significantly outperformed the market this year, up almost 22%. They have been raising dividends for 7 consecutive years and paying dividends since 1925. They have a great 5 year dividend growth rate of 7%.