For dividend investors, the ex-dividend date of a stock is very important to be aware of since you must own a stock prior to the ex-dividend date to be entitled to the dividend. While investors are often encouraged to hold these stocks for the long term, many investors purchase shares at the last minute to capture the dividend payment.
Here are five notable companies that are going ex-dividend during of week of November 7-11:
Pfizer (PFE) will be going ex-dividend on Tuesday, November 8. The company currently has a dividend yield of approximately 3.7% and will pay a dividend of 30 cents per share. It is likely that Pfizer will announce a dividend increase for its next quarterly payout. Pfizer is currently ranked 34 on our Top 100 Dividend Stocks.
Helmerich & Payne (HP) will go ex-dividend on Tuesday, November 8. The oil and gas company currently offers investors a dividend yield of about 4.1% and will pay a dividend of 70 cents per share. HP last increased its quarterly dividend in June 2016.
E I Du Pont De Nemours And Co (DD), commonly known as Du Pont, will go ex-dividend on Thursday, November 10. The Delaware-based chemical company currently offers a dividend yield of about 2.2% and will pay a dividend of 38 cents per share. Although Du Pont still offers a decent dividend yield, it did cut its dividend by 22% in 2015.
Eli Lily (LLY) will go ex-dividend on Thursday, November 10. The drug manufacturer has a current dividend yield of approximately 2.7% and will have a dividend payout of 51 cents per share. Eli Lily will likely increase its dividend on its next quarterly payout.
International Paper (IP) will go ex-dividend on Thursday, November 10. The company has a current dividend yield of about 4.1% and will pay a dividend of 46.25 cents. This dividend is a 5.1% increase from its previous dividend of 44 cents.