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.
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
Analyze These Ideas: Getting Started
- Read descriptions for all companies mentioned
- Access a performance overview for all stocks in the list
- Compare analyst ratings for the companies mentioned
- Compare analyst ratings to annual returns for stocks mentioned
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