5 Notable Stocks Trading Ex-Dividend Monday, October 17

It’s critical to know whether a stock you plan on buying has an ex-dividend status, because in case it does, the dividend would be paid out to the seller. The person who owns the stock on the ex-dividend date will be awarded the payment, which means that you’ll have to wait for the next dividend cycle to receive your first dividend payout from the company.

On the other hand, share prices typically decline just after the ex-dividend date is declared, and usually by an amount equal to the expected dividend. So, this may give you the opportunity to identify a good entry point. If you’re planning on selling shares on or after the ex-dividend date, you'll receive the dividend payout from the company.

Here is the list of stocks going ex-dividend on Monday.

• Pier 1 Imports Inc PIR - $0.0700 dividend, 6.5574 percent yield
• Yum! Brands, Inc. YUM - $0.5100 dividend, 2.2507 percent yield
• West Pharmaceutical Services Inc. WST - $0.1300 dividend, 0.6485 percent yield
• Graham Holdings Co GHC - $1.2100 dividend, 0.9482 percent yield
• Dreyfus Municipal Bond Infrstrctr Fd Inc DMB - $0.0625 dividend, 5.3116 percent yield