So far this year, there have been several dividend opportunities for dividend investors. For dividend investors that are focused on the short term, paying attention to ex-dividend dates is very important.
For an investor to be entitled to a dividend, the stock must be owned prior to the ex-dividend date. Although next week there are a minimal amount of stocks going ex-dividend due to a shortened market week, there are still several opportunities available.
The stocks below will be going ex-dividend during the week of January 17-20.
Caterpillar Inc. (NYSE: CAT) will be going ex-dividend on Wednesday, January 18. The construction and mining company will pay its next quarterly dividend of $0.77 on February 18. The stock currently offers a dividend yield of about 3.3%, which is well above the average yield of its peers, which is just over 1%. Despite its impressive dividend history, investors did not see a dividend boost last year. However, the lack of dividend increase was certainly offset by the performance of its share price. The stock has soared over 45% over the lat 12 months due to optimistic sales estimates and positive reaction to the election. Caterpillar currently ranks 92 on our
Top 100 Dividend Stocks list.
CVS Health Corp (NYSE: CVS) is going ex-dividend on Friday, January 20. The drugstore company will pay its next quarterly payout of $.50 on February 2. Currently, CVS offers a dividend yield of approximately 2.5%, which is slightly below average for drug store companies. At the beginning of January, the companies boosted its dividend by 18% from $0.425. The stock has declined 12% over the last 12 months, as it remained in the shadows while its competitors Rite Aid (NYSE: RAD) and Walgreens Boots Alliance (NYSE: WBA) announced a major merger deal.
LTC Properties Inc (NYSE: LTC) will go ex-dividend on Thursday, January 19. The healthcare real estate investment trust will pay its next monthly dividend of $0.19 on January 31. The stock has a dividend yield of of 4.9%, which is well above the average of its peers, which is 2.9%. Over the last 12 months, the stock is up about 9%.
Apache Corporation (NYSE: APA) is going ex-dividend on Wednesday, January 18. The energy company will pay its next quarterly dividend of $0.25 on February 22. Apache currently offers a dividend yield of 1.6%, which is under the average dividend yield in the independent oil industry of 4%. The stock is up 70% over the last 12 months, which made up for its underwhelming dividend yield.
General Dynamics Corporation (NYSE: GD) will go ex-dividend on Wednesday, January 18. The aerospace defense company currently offers a dividend yield of approximately 1.7%, which is above the average of its peers. The stock is up over 35% in the last 12 months, as it gained most of its momentum after the election. President-elect Trump recently announced his pick for Defense secretary, who has ties to General Dynamics.
WD-40 Company (NYSE: WDFC) is going ex-dividend on Wednesday, January 18. The specialty chemical company will pay its next quarterly dividend of $0.49 on January 31. The company currently offers a dividend yield of about 1.7%, compared to the average of its peers, which is 1.85%. WD-40 is up about 20% over the last 12 months.
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