Stocks set to go ex-dividend on November 1, 2012 – (WCN, TMP, SO, NBL, C, AMP, EVER, FCF)
Do you know Ex-dividend dates have an important impact on your investments, such as stocks and some exchange-traded funds? Companies usually pay dividends or other cash distributions to their investors. The importance of the ex-date is that shares acquired on or after that day are not eligible to receive the payout. Stock trades normally take 3 days to get settled, so shares acquired on or after that date would not be shares of record in the investor’s account by close of business on the record date.
Typically, when a stock reaches an ex-date, the trading price is reduced by the amount of the distribution. Many of you may know the ex-date price reduction suggests a buying opportunity. Those holding an investment that pays regular distributions for longer term can use the ex-date to add to their accumulation of shares at a declined price, but then must wait for the next distribution to start getting a payout on those newly purchased shares. Below discussed 5 stocks are approaching their ex-dividend dates on Thursday.
Waste Connections, Inc. (NYSE:WCN) maintains an annual dividend yield of 1.23% and a payout ratio of 26.23%. The stock over the last 52 weeks has been trading in a range of $28.70– $35.47. Its market capitalization stands at $4.03 billion.
Tompkins Financial Corporation (NYSE:TMP) has an annual dividend yield of 3.67% and keeps a payout ratio at 62.21%. The stock in the prior 52 weeks has been trading between $35.82 – $43.13. The company is valued at $581.15 million.
The Southern Company (NYSE:SO) currently holds a yearly dividend yield of 4.23%. The stock has traded between $42.11 – $48.59 in the past 52 weeks and has a market capitalization of $40.92 billion.
Noble Energy, Inc. (NYSE:NBL) has a dividend yield of 1.06%. The stock in the past 52 weeks has been floating in the range of $76.83 – $105.46. The company’s market capitalization stands at $16.85 billion.
Citigroup Inc. (NYSE:C) has an annual dividend yield of 0.11%. The stock has traded between $23.30 and $38.72 in the last 12-months. Its market capitalization is now at $108.74 billion.
Ameriprise Financial, Inc. (NYSE:AMP)’s annual dividend yield is positive at 2.36%. The stock in the previous 52 weeks has been hovering in range of $41.10 – $60.68. The company is worth $12.23 billion.
EverBank Financial Corp (NYSE:EVER) has a dividend yield of 0.54%. The stock in the past 52 weeks has been floating in the range of $9.40 – $15.33. The company’s market capitalization stands at 1.81 billion.
First Commonwealth Financial (NYSE:FCF) has an annual dividend yield of 3.06%. The stock has traded between $4.05 and $7.61 in the last 12-months. Its market capitalization is now at $678.40 billion.
