X Factor: 5 Stocks Reaching Their Ex-Dividend Date on June 18

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Many 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 June 18 as their ex-dividend date. All annual yields are estimated.

Xcel Energy Inc ( XEL ) yields 3.84% annually and has a market cap of $14.49 billion. The generator and distributor of electricity will pay a quarterly dividend of $0.28 on July 20, and the quarterly yield will be 0.96% based on yesterday's closing price of $29.14. The company has paid a quarterly dividend since 1985, and each dividend payment has either increased or remained the same from the prior quarter.

Safeway Inc. ( SWY ) yields 3.47% annually and has a market cap of $5.46 billion. The food and drug retailer in the US will pay a quarterly dividend of $0.20 on July 11, and the quarterly yield will be 0.87% based on yesterday's closing price of $23.03. The company has paid a quarterly dividend since 2005, and each dividend payment has either increased or remained the same from the prior quarter.

Las Vegas Sands Corp. ( LVS ) yields 2.44% annually and has a market cap of $46.36 billion. The owner and operator of resorts in the US and Asia will pay a quarterly dividend of $0.35 on June 28, and the quarterly yield of the dividend will be 0.61% based on yesterday's closing price of $57.44. The company has paid a quarterly dividend since last year.

International Game Technology ( IGT ) yields 2.04% annually and has a market cap of $4.52 billion. The creator of casino games and systems technology for social gaming will pay a quarterly dividend of $0.09 on July 5, and its quarterly yield will be 0.50% based on yesterday's closing price of $17.65. The company has paid a quarterly dividend since 1993.

Synovus Financial Corp. ( SNV ) yields 1.47% annually and has a market cap of $2.17 billion. The financial services and bank holding company will pay a quarterly dividend of $0.01 on July 1, and the quarterly yield will be 0.36% based on yesterday's closing price of $2.75. The company has paid a quarterly dividend since 1990.

These companies also have their ex-dividend date on June 18. All annual yields are estimated.

Solar Capital Ltd. (SLRC) yields 10.43% annually and will pay a quarterly dividend of $0.60 on July 1.

Apollo Investment Corp. (AINV) yields 9.88% annually and will pay a quarterly dividend of $0.20 on July 5.

Greif, Inc. (GEF) yields 3.18% annually and will pay a quarterly dividend of $0.42 on July 1.

Tiffany & Co. (TIF) yields 1.76% quarterly and will pay a quarterly dividend of $0.34 on July 10.

Total System Services, Inc. (TSS) yields 1.72% annually and will pay a quarterly dividend of $0.10 on July 1.

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: IGT , LVS , SNV , SWY , XEL

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