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 Friday.
- NuStar Energy L.P. NS - $1.0950 dividend, 9.2620 percent yield. Credit Suisse downgraded Nustar Energy from Neutral to Underperform.
- Colfax Corp CFX - $0.0625 dividend, 0.8506 percent yield. Colfax shares have gained 7.06 percent over the past 52 weeks, while the S&P 500 index has declined 0.56 percent in the same period.
- Landstar System, Inc. LSTR - $0.0900 dividend, 0.5475 percent yield. Deutsche Bank initiated coverage on Landstar System with a Buy rating on Wednesday.
- Webster Financial Corporation WBS - $0.2500 dividend, 2.5113 percent yield. Webster Financial shares have increased 5.86 percent over the past 52 weeks, while the S&P 500 index has dropped 0.56 percent in the same period.
- Constellation Brands, Inc. STZ - $0.4000 dividend, 0.9647 percent yield. Constellation shares have climbed 21.79 percent over the past 52 weeks, while the S&P 500 index has dropped 0.56 percent in the same period.
- Libbey Inc. LBY - $0.1150 dividend, 2.7284 percent yield. Libbey reported Q3 earnings of $0.13 per share on revenue of $196.87 million.
- Reinsurance Group of America Inc RGA - $0.4100 dividend, 1.5182 percent yield. Reinsurance Group shares have surged 18.21 percent over the past 52 weeks, while the S&P 500 index has dropped 0.56 percent in the same period.
- PC Tel Inc PCTI - $0.0500 dividend, 3.6430 percent yield. PC Tel shares have dropped 8.36 percent over the past 52 weeks, while the S&P 500 index has slipped 0.56 percent in the same period.
- Welltower Inc HCN - $0.8600 dividend, 4.9361 percent yield. Welltower reported Q3 funds from operations of $1.16 per share.
- Tompkins Financial Corporation TMP - $0.4500 dividend, 2.2782 percent yield. Tompkins Financial shares have surged 31.48 percent over the past 52 weeks, while the S&P 500 index has declined 0.56 percent in the same period.
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