X Factor: 5 Stocks Reaching Their Ex-Dividend Date on June 27

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Many stocks will reach their ex-dividend date next Thursday, 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 27 as their ex-dividend date. All annual yields are estimated.

American Eagle Outfitters ( AEO ) yields 2.67% annually and has a market cap of $3.16 billion. The apparel and accessories retailer in North America will pay a quarterly dividend of $0.125 on July 12, and the quarterly yield will be 0.67% based on yesterday's closing price of $18.72. The company has paid a quarterly dividend since the second half of 2004.

Cardinal Health Inc ( CAH ) yields 2.50% annually and has a market cap of $16.53 billion. The health care services company will pay a quarterly dividend of $0.3025 on July 15, and the quarterly yield of the dividend will be 0.61% based on yesterday's closing price of $48.37. The company has paid a quarterly dividend since 1986.

Dell Inc. ( DELL ) yields 2.39% annually and has a market cap of $23.55 billion. The information technology company will pay a quarterly dividend of $0.08 on July 22, and the quarterly yield will be 0.60% based on yesterday's closing price of $13.41. The company began paying a quarterly dividend last year.

Mondelez International Inc ( MDLZ ) yields 1.76% annually and has a market cap of $52.69 billion. The global food and beverage company will pay a quarterly dividend of $0.13 on July 15, and its quarterly yield will be 0.44% based on yesterday's closing price of $29.53. The company has paid a quarterly dividend since the end of 2001, and each dividend payment has either increased or remained the same from the prior quarter.

EMC Corporation ( EMC ) yields 1.61% annually and has a market cap of $52.23 billion. The provider of information infrastructure and virtual infrastructure technologies and services will pay a quarterly dividend of $0.10 on July 23, and the quarterly yield will be 0.87% based on yesterday's closing price of $24.86. The company has only paid a dividend one other time in 2001.

These companies also have their ex-dividend date on June 27. All annual yields are estimated.

Stifel Financial Corp. (SFN) yields 5.20% annually and will pay a quarterly dividend of $0.3359 on July 15.

Pebblebrook Hotel Trust (PEB) yields 2.51% quarterly and will pay a quarterly dividend of $0.16 on July 15.

Ingredion Inc (INGR) yields 2.23% annually and will pay a quarterly dividend of $0.38 on July 25.

Choice Hotels International Inc (CHH) yields 1.82% annually and will pay a quarterly dividend of $0.185 on July 15.

Raymond James Financial, Inc. (RJF) yields 1.29% annually and will pay a quarterly dividend of $0.14 on July 15.

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: AEO , CAH , DELL , EMC , MDLZ

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