Hedge Funds Are Buying 3 Companies with Ex-Dividend on June 5

Hedge Funds Are Buying 3 Companies with Ex-Dividend on June 5

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If you're an investor who loves dividend stocks, then the ex-dividend date of a company is something to seriously consider. In order to receive payment of a dividend, an investor has to own the shares prior to and on this date. We ran a screen to look for companies with ex-dates on one of the more popular days, June 5.

The "ex-date" is also important because as long as an investor owns the stock on this day they will receive the forthcoming dividend, regardless if they sell the next day.  For example, if I own shares of PEP, whose ex-date is 6/5, and then sell my shares on 6/6 I will still receive the dividend even though it has not been paid out yet.

The ex dividend date is when the companies decide who they are paying a dividend out to, so if you want to get in on a dividend be sure to be invested before the ex-date.

After the ex-date the stock typically drops in price by the expected amount of the dividend to come.

Business Section: Investing Idea

Of the 29 companies with ex-dates coming on June 5 we narrowed our screen to the 3 companies that are witnessing bullish trends from institutional investors. To be specific, we looked for the stocks where net large fund investing accounted for at least 5% of share float.

Use the Compar-O-Matic to analyze the Price of Profit (Forward P/E) for the companies listed below:

1. American National Insurance Co. (ANAT, Earnings, Analysts, Financials): Provides insurance products and services in the United States, the District of Columbia, Puerto Rico, Guam, and American Samoa. Market cap at $2.7B, most recent closing price at $100.44.

Net institutional purchases in the current quarter at 212.6K shares, which represents about 6.37% of the company's float of 3.34M shares.

Annual dividend yield at 3.08%, and has a 0.77 quarterly rate. ANAT’s first quarterly dividend was offered December 4th, 1996 and had a value of .65 The last time the dividend increased was after September 5th, 2007.
 

2. ManTech International Corporation (MANT, Earnings, Analysts, Financials): Provides technologies and solutions for national security programs in the United States and internationally. Market cap at $1.01B, most recent closing price at $27.31.

Net institutional purchases in the current quarter at 1.7M shares, which represents about 7.13% of the company's float of 23.84M shares.

Annual dividend yield at 3.10%. The semi-annual rate is 0.21. This is half of the initial dividend offering of 0.42, first offered May 31st, 2011.

 

3. Nabors Industries Ltd. (NBR, Earnings, Analysts, Financials): Operates as a land drilling contractor worldwide. Market cap at $4.91B, most recent closing price at $16.66.

Net institutional purchases in the current quarter at 31.4M shares, which represents about 13.37% of the company's float of 234.78M shares.

Annual dividend yield at 0.96%. NBR’s first dividend offering was March 7th of this year at a semi-annual rate of 0.04.
 

Interactive Chart: Compare changes in dividend yield over the past two years

-Ryan Horch, Kapitall

 

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