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The author of Stockerblog worked for over 20 years in the financial industry as a stockbroker, investment advisor, Vice President of a San Francisco money management firm, mutual fund wholesaler, and market maker on the Pacific Stock Exchange. He has written articles for the Bond and Share... More
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  • Stocks Going Ex Dividend The Third Week Of December 0 comments
    Dec 11, 2012 3:02 AM | about stocks: AWP, BKCC, CINF, CPB, POR, RPT, UIL

    Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process 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. In flat or choppy markets, you have to be extremely careful, and may need to avoid the technique during those times.

    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.com has compiled a downloadable and sortable list of the stocks going ex dividend during the next week or two. The list contains many dividend paying companies, all with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the yield, and the market capitalization.

    Cincinnati Financial Corporation CINF 12/17/2012 4.1% $6.5B

    UIL Holdings Corporation UIL 12/17/2012 5.2% $1.7B

    Ramco-Gershenson Properties Trust RPT 12/18/2012 5.3% $616.4M

    Blackrock Kelso Capital Corp. BKCC 12/18/2012 10.6% $724.3M

    Alpine Global Premier Properties Fund AWP 12/19/2012 8.5% $746.7M

    Campbell Soup Company CPB 12/21/2012 3.1% $11.4B

    Portland General Electric Company POR 12/21/2012 4.2% $1.9B

    The additional ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn't show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com.

    Dividend definitions:

    Declaration date: the day that the company declares that there is going to be an upcoming dividend.

    Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

    Monthly Dividend Stock List

    Record date: the day when you must be on the company's books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks two business days before the record date.

    Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

    Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.

    Disclosure: Author did not own any of the above at the time the article was written.

    By Stockerblog.com

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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