Ex-dividend dates are very important to dividend investors, since you must own a stock before the ex-dividend date to be entitled to its dividend.
For the first full week in December, there are several notable stocks going ex-dividend, giving investors plenty of opportunities to gain extra Christmas cash with dividend payouts.
Here are some of the biggest stock’s going ex-dividend during the week of December 5-9.
Wal-Mart (NYSE: WMT) will go ex-dividend on Wednesday, December 7. The discount retailer currently pays a quarterly dividend of $0.50 and will pay its next dividend on January 3. It is likely that the next time it declares a dividend, it will be a higher payout. Typically, Wal-Mart raises its quarterly dividend $0.01 each year. Currently, Wal-Mart offers a dividend yield of about 2.80%. WMT currently ranks 29 on our Top 100 Dividend Stocks.
Best Buy (NYSE: BBY) is going ex-dividend on Tuesday, December 6. The electronics retailer will pay its quarterly dividend of $0.28 on January 29. It is likely that the company will raise its quarterly dividend after its January payout. The company has also paid special dividends in early 2015 and 2016, so if history repeats itself, investors in Best Buy may receive something extra next spring. The stock currently has a dividend yield of approximately 2.50%.
Dr. Pepper Snapple (NYSE: DPS) will go ex-dividend on Friday, December 9. The beverage company will pay its next $0.53 dividend on January 5. It is likely that the company will increase its dividend for its March payout. The company has been boosting its dividend consecutively for six years, raising its quarterly payout by about 13% every year. The stock currently has a dividend yield of about 2.40%. DPS currently ranks 66 on our Top 100 Dividend Stocks.
Kohl’s Corporation (NYSE: KSS) is going ex-dividend on Monday, December 5. The discount retailer will pay its next $0.50 dividend on December 21. The stock typically raises its dividend each each during its March payout, so investors will likely see an increase next spring. On average, Kohl’s raises its dividend by 16% annually. The stock has a dividend yield of about 3.70%.
Travelers Co. (NYSE: TRV) will go ex-dividend on Wednesday, December 7. The insurance company will pay its next $0.67 dividend on December 30. Dividend investors will likely see a dividend increase from Travelers in April. The stocks currently offers a dividend yield of about 2.35%. TRV currently ranks 35 on our Top 100 Dividend Stocks.
General Motors (NYSE: GM) is going ex-dividend on Monday, December 5. The auto maker will pay its next quarterly dividend of $0.38 on December 22. Although the company pays a relatively high dividend yield of 4.50%, the company has a limited history of dividend payouts (since 2014). In February, the stock stock boosted its dividend by 6% from $0.36.
|Symbol||Company Name||Dividend Yield||Current Price||Ex. Div. Date||Pay Date||Next Payout|
|DPS||Dr. Pepper Snapple Group||2.43%||$87.26||12/9/2016||1/5/2017||$0.53|
|GM||General Motors Company||4.49%||$33.86||12/5/2016||12/22/2016||$0.38|