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
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.