X Factor: 5 Stocks Reaching Their Ex-Dividend Date on April 30

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Nine stocks will reach their ex-dividend date next Tuesday, which is significant for investors as the seller of the stock on that date, not the buyer, receives the most recent dividend.

A stock must be bought one day before the ex-dividend date to claim any dividends that have been announced but not yet paid. The company determines on the record date, which usually occurs two days after the ex-dividend date, which shareholders qualify for the dividend. Shareholders listed as holders of record after the record date then receive their dividend on the date of payment established by the company. Those purchasing right before the record date forfeit the dividend and normally get the stock for a reduced amount.

It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor's account.

Below are five stocks that schedule April 30 as their ex-dividend date. All annual yields are estimated.

ABB ( ABB ) yields 3.25% annually and has a market cap of $48.70 billion. The global provider of automation technologies will pay an annual dividend of $0.7177 on May 10. The company has paid an annual dividend since 2006.

The Mosaic Company ( MOS ) yields 1.71% annually and has a market cap of $24.83 billion. The global producer of concentrated phosphates and potash crop nutrients will pay a quarterly dividend of $0.25 on May 16, and its quarterly yield will be 0.43% based on yesterday's closing price of $58.31. The company has paid a quarterly dividend since the second half of 2008.

Fastenal Company ( FAST ) yields 1.65% annually and has a market cap of $14.42 billion. The wholesaler and retailer of industrial and construction supplies in the US will pay a quarterly dividend of $0.20 on May 30, and its quarterly yield will be 0.41% based on yesterday's closing price of $48.61. The company has paid a dividend since 1991, and it has paid a quarterly dividend since 2010.

Petroleo Brasileiro ( PBR ) yields 0.77% annually and has a market cap of $110.16 billion. The global oil and gas company will pay two extra dividends with the same ex-dividend date. The first special dividend of $0.0949 will paid on June 5, and the yield will be 0.56% based on yesterday's closing price of $16.89. The second special dividend of $0.1149 will be paid on September 9, and the yield will be 0.68% based on yesterday's closing price. The company has paid a dividend since the second half of 2001.

KB Home ( KBH ) yields 0.48% annually and has a market cap of $1.76 billion. The US homebuilding and financial services company will pay a quarterly dividend of $0.025 on May 16, and the quarterly yield will be 0.12% based on yesterday's closing price of $21.02. The company has paid a quarterly dividend since 1988.

These companies also have their ex-dividend date on April 30. All annual yields are estimated.

Merchants Bancshares (MBVT) yields 3.80% annually and will pay a quarterly dividend of $0.28 on May 16.

Sierra Bancorp (BSRR) yields 1.89% annually and will pay a quarterly dividend of $0.06 on May 16.

Cardinal Financial Group (CFNL) yields 1.64% annually and will pay a quarterly dividend of $0.06 on May 17.

Peapack-Gladstone Financial Corporation (PGC) yields 1.42% annually and will pay a quarterly dividend of $0.05 on May 16.

Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.

Twitter: @ChrisWitrak



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ABB , FAST , KBH , MOS , PBR

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