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High Yield Dividend Portfolio; I target a minimum 10% return on price *and* a minimum 5% for dividend yield. Early retiree, father, and grandfather. Seeking alpha n00b. Opinionated SOB. Radical liberal conservative libertarian (I VOTE FOR NONE OF THE ABOVE!). I'm actually a Marxist - of the... More
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PandA Trader - High-Yield (5%+) Dividend Stocks with High Annual Return (20%+) & Other Adventures in Trading the Day
  • Ex-Dividend And Payment Dates, 10 Day Outlook 0 comments
    Sep 20, 2012 7:14 AM | about stocks: AGNC, AMTG, IVR, TWO, CYS, ARI, CMO, FULL, PSEC, SFL, TCRD, TICC

    Today was the ex-dividend date for AGNC, and there were quite a few questions about it, most of them quite similar to this; "If I buy it now do I still get the dividend?"

    Short answer: No.

    Longer answer: The ex-dividend date is not the only important date for a dividend stock. It's almost as important as the day *BEFORE* the ex-dividend date. Then there's also the record date, the pay date, and of course, declare date.

    Here's the way ex-dividend dates work; the ex-dividend date is the date that determines whether or not you get the dividend. But, and this is important, you need to own the stock the day *BEFORE* the ex-dividend date. Then, when the ex-dividend date rolls around the stock is said to trade "ex-dividend" which means except, or excluding, the dividend.

    The record date is simply 2 days after the ex-dividend date, but it has to be 2 'business' days after.

    The pay date is the date the dividend is actually paid.

    Declare dates are significant because that's the day the company announces the next dividend, or series of dividends, along with the corresponding ex-dividend dates and pay dates, etc.

    Looking ahead from today, there are a number of important events coming up;

    Ex-dividend dates:
    9/19 agnc
    9/20 IVR TWO
    9/24 CYS

    Pay Dates:
    9/28 SFL TCRD TICC

    It's already too late to buy stock in AGNC IVR or TWO in hopes of capturing a dividend, but you can still position yourself for CYS AMTG ARI CMO FULL and PSEC.

    This is, of course, germane to my high-yield, high-return dividend portfolio and there are other stocks that I did not include simply because they are not in my portfolio or on my watch list.


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