Here is our latest update on the stock trading technique called "Buying Dividends," also commonly referred to as "Dividend Capture." 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 being entitled to the dividend. This technique generally works only in bull markets, and can work in flat or choppy markets, but you need to avoid using it during bear markets.
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 on or 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 in the near future. The list contains many dividend-paying companies, many with stocks with market caps of over $500 million and yield over 2%. Here are a few examples showing the stock symbol, the ex-dividend date and the yield.
|Gladstone Land Corporation||LAND||2/16/2016||5.9%|
|Maxim Integrated Products||MXIM||2/16/2016||3.8%|
|Resources Connection Inc||RECN||2/16/2016||2.8%|
|Summit State Bank||SSBI||2/16/2016||3.5%|
|Universal Insurance Holdings||UVE||2/16/2016||3.4%|
|Horizon Technology Finance||HRZN||2/18/2016||11.6%|
|Johnson & Johnson||JNJ||2/19/2016||3.0%|
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.)
Disclosure: Author did not own any of the above at the time the article was written.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.