A list of stocks going ex-dividend during the week of 6/17/2019 is listed below. In order to receive a dividend, shares of a stock must be purchased no later than the last trading day before the ex-dividend date. Learn More.
|Aaron's (AAN)||quarterly||$0.0350||0.25%||6/17/2019||6/18/2019||7/8/2019|| |
|Altra Industrial Motion (AIMC)||quarterly||$0.17||1.96%||6/17/2019||6/18/2019||7/2/2019|| |
|Arrow DWA Country Rotation ETF (DWCR)||quarterly||$0.2151||2.00%||6/17/2019||6/18/2019||6/24/2019|| |
|Associated Capital Group (AC)||semiannual||$0.10||0.51%||6/17/2019||6/18/2019||7/2/2019|| |
|Blackrock Capital Investment (BKCC)||quarterly||$0.18||11.52%||6/17/2019||6/18/2019||7/9/2019|| |
|Cemex SAB de CV (CX)||annual||$0.0499||1.22%||6/17/2019||6/14/2019||6/18/2019|| |
|Cerner (CERN)||special||$0.18||6/17/2019||6/18/2019||7/26/2019|| |
|Childrens Place (PLCE)||quarterly||$0.56||2.13%||6/17/2019||6/18/2019||6/28/2019|| |
|Douglas Dynamics (PLOW)||quarterly||$0.2730||2.93%||6/17/2019||6/18/2019||6/28/2019|| |
|Eagle Growth & Income Opportunities Fund (EGIF)||monthly||$0.08||6.30%||6/17/2019||6/18/2019||6/28/2019|| |
|Ecolab (ECL)||quarterly||$0.46||1.01%||6/17/2019||6/18/2019||7/15/2019|| |
|Greif (GEF.B)||quarterly||$0.66||6.07%||6/17/2019||6/18/2019||7/1/2019|| |
|Greif (GEF)||quarterly||$0.44||4.53%||6/17/2019||6/18/2019||7/1/2019|| |
|iShares Asia 50 ETF (AIA)||...||$0.4184||2.40%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Emerging Markets Infrastructure ETF (EMIF)||semiannual||$0.4142||2.58%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares ESG MSCI USA Leaders ETF (SUSL)||quarterly||$0.1210||0.97%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Europe Developed Real Estate ETF (IFEU)||quarterly||$0.6545||4.72%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Exponential Technologies ETF (XT)||semiannual||$0.3587||1.29%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Global Clean Energy ETF (ICLN)||semiannual||$0.0781||2.23%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Global Timber & Forestry ETF (WOOD)||semiannual||$1.1206||2.78%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares India 50 ETF (INDY)||semiannual||$0.2251||0.55%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares International Developed Real Estate ETF (IFGL)||quarterly||$0.3478||3.81%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Morningstar Mid-Cap Value ETF (JKI)||quarterly||$0.9854||2.39%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI ACWI ETF (ACWI)||semiannual||$0.9063||2.01%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI ACWI ex US ETF (ACWX)||semiannual||$0.7857||2.46%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI All Country Asia ex Japan ETF (AAXJ)||semiannual||$0.4112||2.02%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Brazil Small-Cap ETF (EWZS)||semiannual||$0.2262||4.28%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI China ETF (MCHI)||semiannual||$0.3561||1.50%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI EAFE ESG Optimized ETF (ESGD)||semiannual||$1.1720||2.48%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI EAFE Small-Cap ETF (SCZ)||semiannual||$0.9324||2.59%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI EM ESG Optimized ETF (ESGE)||semiannual||$0.2604||2.06%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Emerging Markets Asia ETF (EEMA)||semiannual||$0.3074||2.09%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Emerging Markets ex China ETF (EMXC)||semiannual||$0.2392||2.51%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Europe Financials ETF (EUFN)||semiannual||$0.7052||6.25%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Europe Small-Cap ETF (IEUS)||semiannual||$1.6750||2.96%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Global Gold Miners ETF (RING)||semiannual||$0.1446||0.61%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Japan Equal Weighted ETF (EWJE)||semi-annual||$0.4560||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Japan Value ETF (EWJV)||semi-annual||$0.4550||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Qatar Capped ETF (QAT)||semiannual||$0.6348||4.84%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI Turkey ETF (TUR)||semiannual||$0.5918||4.41%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI UAE Capped ETF (UAE)||semiannual||$0.4759||5.80%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares MSCI USA ESG Optimized ETF (ESGU)||quarterly||$0.2943||1.63%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Nasdaq Biotechnology ETF (IBB)||quarterly||$0.0797||0.18%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares PHLX Semiconductor ETF (SOXX)||quarterly||$0.7573||1.26%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Russell 1000 Pure U.S. Revenue ETF (AMCA)||quarterly||$0.1425||2.30%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares S&P Small-Cap 600 Growth ETF (IJT)||quarterly||$0.4110||0.85%||6/17/2019||6/18/2019||6/21/2019|| |
|iShares Select Dividend ETF (DVY)||quarterly||$0.8823||3.38%||6/17/2019||6/18/2019||6/21/2019|| |
|Kaman (KAMN)||quarterly||$0.20||1.38%||6/17/2019||6/18/2019||7/11/2019|| |
|Legg Mason Small-Cap Quality Value ETF (SQLV)||quarterly||$0.1050||2.55%||6/17/2019||6/18/2019||6/20/2019|| |
|LI NING CO LTD/ADR (LNNGY)||annual||$0.28||6/17/2019||6/18/2019||7/17/2019|| |
|Madison Covered Call & Equity Strtgy Fd (MCN)||quarterly||$0.18||11.11%||6/17/2019||6/18/2019||6/28/2019|| |
|Main Street Capital (MAIN)||special||$0.25||6.16%||6/17/2019||6/18/2019||6/25/2019|| |
|Meridian Bancorp (EBSB)||quarterly||$0.07||1.61%||6/17/2019||6/18/2019||7/2/2019|| |
|MTS Systems (MTSC)||quarterly||$0.30||2.18%||6/17/2019||6/18/2019||7/2/2019|| |
|Pioneer Floating Rate Trust (PHD)||monthly||$0.0625||6.86%||6/17/2019||6/18/2019||6/28/2019|| |
|Pioneer High Income Trust (PHT)||monthly||$0.0675||9.01%||6/17/2019||6/18/2019||6/28/2019|| |
|Pioneer Municipal High (MAV)||monthly||$0.0375||4.81%||6/17/2019||6/18/2019||6/28/2019|| |
|Pioneer Municipal High Income Trust (MHI)||monthly||$0.0525||5.24%||6/17/2019||6/18/2019||6/28/2019|| |
|State Auto Financial (STFC)||quarterly||$0.10||1.20%||6/17/2019||6/18/2019||6/28/2019|| |
|Steven Madden (SHOO)||quarterly||$0.14||1.55%||6/17/2019||6/18/2019||6/28/2019|| |
|Tailored Brands (TLRD)||quarterly||$0.18||9.10%||6/17/2019||6/18/2019||6/28/2019|| |
|Vanguard Global ex-U.S. Real Estate ETF (VNQI)||quarterly||$0.4060||3.49%||6/17/2019||6/18/2019||6/20/2019|| |
|Vanguard International Dividend Appreciation ETF (VIGI)||quarterly||$0.48||1.41%||6/17/2019||6/18/2019||6/20/2019|| |
|Vanguard International High Dividend Yield ETF (VYMI)||quarterly||$1.02||4.28%||6/17/2019||6/18/2019||6/20/2019|| |
|Vanguard Short-Term Inflation-Protected Securities ETF (VTIP)||quarterly||$0.17||2.14%||6/17/2019||6/18/2019||6/20/2019|| |
|Vector Group (VGR)||quarterly||$0.40||17.30%||6/17/2019||6/18/2019||6/27/2019|| |
|W. R. Berkley (WRB)||quarterly||$0.11||0.68%||6/17/2019||6/18/2019||7/2/2019|| |
|American Tower (AMT)||quarterly||$0.92||1.83%||6/18/2019||6/19/2019||7/12/2019|| |
|Amphenol (APH)||quarterly||$0.23||0.93%||6/18/2019||6/19/2019||7/11/2019|| |
|Ares Dynamic Credit Allocation Fund (ARDC)||monthly||$0.1075||8.53%||6/18/2019||6/19/2019||6/28/2019|| |
|AstroNova (ALOT)||quarterly||$0.07||1.08%||6/18/2019||6/19/2019||6/26/2019|| |
|Belden (BDC)||quarterly||$0.05||0.37%||6/18/2019||6/19/2019||7/9/2019|| |
|Briggs & Stratton (BGG)||quarterly||$0.14||4.11%||6/18/2019||6/19/2019||7/3/2019|| |
|Cincinnati Financial (CINF)||quarterly||$0.56||2.38%||6/18/2019||6/19/2019||7/15/2019|| |
|Cohen & Steers Clsd-End Optuny Fnd (FOF)||monthly||$0.0870||8.37%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Steers Infrastructure Fund (UTF)||monthly||$0.1550||7.75%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc (LDP)||monthly||$0.1560||7.80%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Steers Quality Income Realty (RQI)||monthly||$0.08||7.76%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Steers Reit & Pfd Icm Fd (RNP)||monthly||$0.1240||7.39%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Steers Select Pref & Inc Fd (PSF)||monthly||$0.1720||7.69%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Steers Total Return Real. Fd (RFI)||monthly||$0.08||7.38%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen & Strs MLP Inc & Ergy Oprty Fd (MIE)||monthly||$0.0770||9.80%||6/18/2019||6/19/2019||6/28/2019|| |
|Cohen and Steers Global Income Builder (INB)||monthly||$0.0620||8.78%||6/18/2019||6/19/2019||6/28/2019|| |
|Designer Brands (DBI)||quarterly||$0.25||5.53%||6/18/2019||6/19/2019||7/5/2019|| |
|FS KKR Capital (FSK)||quarterly||$0.19||12.24%||6/18/2019||6/19/2019||7/2/2019|| |
|Gladstone Capital (GLAD)||monthly||$0.07||9.08%||6/18/2019||6/19/2019||6/28/2019|| |
|Gladstone Commercial (GOOD)||monthly||$0.1250||7.14%||6/18/2019||6/19/2019||6/28/2019|| |
|Gladstone Investment (GAIN)||monthly||$0.0680||6.64%||6/18/2019||6/19/2019||6/28/2019|| |
|Gladstone Land (LAND)||monthly||$0.0445||4.31%||6/18/2019||6/19/2019||6/28/2019|| |
|Guangshen Railway Co. Ltd ADR Class H (GSH)||...||$0.3722||2.16%||6/18/2019||6/19/2019||8/19/2019|| |
|Guess? (GES)||quarterly||$0.1120||3.14%||6/18/2019||6/19/2019||7/5/2019|| |
|Horizon Technology Finance (HRZN)||monthly||$0.10||10.23%||6/18/2019||6/19/2019||7/16/2019|| |
|Huaneng Power International Inc ADR Class N (HNP)||annual||$0.5145||2.11%||6/18/2019||6/19/2019||9/9/2019|| |
|Las Vegas Sands (LVS)||quarterly||$0.77||4.51%||6/18/2019||6/19/2019||6/27/2019|| |
|MFS Charter Income Trust (MCR)||monthly||$0.0580||8.71%||6/18/2019||6/19/2019||6/28/2019|| |
|MFS High Yield Municipal Trust (CMU)||monthly||$0.0190||5.26%||6/18/2019||6/19/2019||6/28/2019|| |
|MFS Intermediate Income Trust (MIN)||monthly||$0.0290||9.13%||6/18/2019||6/19/2019||6/28/2019|| |
|MFS Multimarket Income Trust (MMT)||monthly||$0.0410||8.68%||6/18/2019||6/19/2019||6/28/2019|| |
|MFS Municipal Income Trust (MFM)||monthly||$0.0270||5.12%||6/18/2019||6/19/2019||6/28/2019|| |
|MFS Special Value Trust (MFV)||monthly||$0.0457||9.68%||6/18/2019||6/19/2019||6/28/2019|| |
|Seagate Technology (STX)||quarterly||$0.63||5.22%||6/18/2019||6/19/2019||7/3/2019|| |
|Telefonica (TEF)||semiannual||$0.2236||6/18/2019||6/19/2019||7/3/2019|| |
|Tri-Continental (TY)||quarterly||$0.2650||4.01%||6/18/2019||6/19/2019||6/27/2019|| |
|Tupperware Brands (TUP)||quarterly||$0.27||4.98%||6/18/2019||6/19/2019||7/8/2019|| |
|Turkcell Iletisim Hizmetleri A.S. (TKC)||special||$0.0464||2.90%||6/18/2019||6/19/2019||6/27/2019|| |
|Vident Core US Equity ETF (VUSE)||quarterly||$0.1327||1.51%||6/18/2019||6/19/2019||6/20/2019|| |
|Vident International Equity Fund (VIDI)||quarterly||$0.3372||2.75%||6/18/2019||6/19/2019||6/20/2019|| |
|Winnebago Industries (WGO)||quarterly||$0.11||1.29%||6/18/2019||6/19/2019||7/3/2019|| |
|Apollo Investment (AINV)||quarterly||$0.45||11.34%||6/19/2019||6/20/2019||7/5/2019|| |
|Barings Global Short Duratin Hgh Yld Fnd (BGH)||monthly||$0.1482||9.68%||6/19/2019||6/20/2019||7/1/2019|| |
|Capitala Finance (CPTA)||monthly||$0.0833||12.37%||6/19/2019||6/20/2019||6/27/2019|| |
|Curtiss-Wright (CW)||quarterly||$0.17||0.60%||6/19/2019||6/20/2019||7/5/2019|| |
|Dine Brands Global (DIN)||quarterly||$0.69||3.12%||6/19/2019||6/20/2019||7/12/2019|| |
|Getty Realty (GTY)||quarterly||$0.35||4.30%||6/19/2019||6/20/2019||7/5/2019|| |
|Harvest Capital Credit (HCAP)||monthly||$0.08||9.22%||6/19/2019||6/20/2019||6/27/2019|| |
|Ituran Location and Control Ltd. (US) (ITRN)||quarterly||$0.24||2.85%||6/19/2019||6/20/2019||7/3/2019|| |
|Kayne Anderson Midstream Energy Fd (KMF)||monthly||$0.0750||7.56%||6/19/2019||6/20/2019||6/28/2019|| |
|Kayne Anderson MLP Midstream Invstmnt (KYN)||monthly||$0.12||8.98%||6/19/2019||6/20/2019||6/28/2019|| |
|Logansport Financial (LOGN)||quarterly||$0.35||3.52%||6/19/2019||6/20/2019||7/22/2019|| |
|LTC Properties (LTC)||monthly||$0.19||4.98%||6/19/2019||6/20/2019||6/28/2019|| |
|Luminex (LMNX)||quarterly||$0.06||1.15%||6/19/2019||6/20/2019||7/11/2019|| |
|Orion Engineered Carbons (OEC)||quarterly||$0.20||2.88%||6/19/2019||6/20/2019||6/28/2019|| |
|PetroChina (PTR)||special||$0.4059||2.85%||6/19/2019||6/20/2019||8/12/2019|| |
|RPT Realty (RPT)||quarterly||$0.22||7.02%||6/19/2019||6/20/2019||7/1/2019|| |
|Solar Capital (SLRC)||quarterly||$0.41||7.68%||6/19/2019||6/20/2019||7/2/2019|| |
|Solar Senior Capital (SUNS)||monthly||$0.1175||8.71%||6/19/2019||6/20/2019||7/2/2019|| |
|StoneCastle Financial (BANX)||quarterly||$0.38||6.94%||6/19/2019||6/20/2019||6/26/2019|| |
|Synovus Financial (SNV)||quarterly||$0.30||3.59%||6/19/2019||6/20/2019||7/1/2019|| |
|Tekla Healthcare Opportunities Fund (THQ)||monthly||$0.1125||7.89%||6/19/2019||6/20/2019||6/28/2019|| |
|Tekla World Healthcare Fund (THW)||monthly||$0.1167||11.24%||6/19/2019||6/20/2019||6/28/2019|| |
|Tiffany & Co. (TIF)||quarterly||$0.58||2.57%||6/19/2019||6/20/2019||7/10/2019|| |
|Total System Services (TSS)||quarterly||$0.13||0.43%||6/19/2019||6/20/2019||7/1/2019|| |
|WhiteHorse Finance (WHF)||quarterly||$0.3550||9.77%||6/19/2019||6/20/2019||7/3/2019|| |
|X-Links Crude Oil Shares Covered Call ETN (USOI)||monthly||$0.1982||17.12%||6/19/2019||6/20/2019||6/25/2019|| |
|Aberdeen Income Credit Strategies Fund (ACP)||monthly||$0.12||11.63%||6/20/2019||6/21/2019||6/28/2019|| |
|Aberdeen Total Dynamic Dividend Fund (AOD)||monthly||$0.0580||8.50%||6/20/2019||6/21/2019||6/28/2019|| |
|Advance Auto Parts (AAP)||quarterly||$0.06||0.15%||6/20/2019||6/21/2019||7/5/2019|| |
|Alpine Global Dynamic Dividend Fund (AGD)||monthly||$0.0650||8.37%||6/20/2019||6/21/2019||6/28/2019|| |
|Alpine Global Premier Properties Fund (AWP)||monthly||$0.05||9.54%||6/20/2019||6/21/2019||6/28/2019|| |
|Ark Restaurants (ARKR)||quarterly||$0.25||4.91%||6/20/2019||6/22/2019||7/8/2019|| |
|B&M EURO VALUE/ADR (BMRRY)||semi-annual||$0.1640||6/20/2019||6/21/2019||8/16/2019|| |
|Blackstone / GSO Strategic Credit Fund (BGB)||monthly||$0.1140||6/20/2019||6/21/2019||6/28/2019|| |
|Blackstone/GSO Senior Fltg Rt Term Fund (BSL)||monthly||$0.1110||6/20/2019||6/21/2019||6/28/2019|| |
|CBRE Clarion Global Real Estate Incm Fd (IGR)||monthly||$0.05||7.94%||6/20/2019||6/21/2019||6/28/2019|| |
|Chubb (CB)||quarterly||$0.75||2.07%||6/20/2019||6/21/2019||7/12/2019|| |
|Community Bankers Trust (ESXB)||quarterly||$0.03||1.63%||6/20/2019||6/21/2019||7/1/2019|| |
|COMPASS GRP PLC/S (CMPGY)||semi-annual||$0.1520||6/20/2019||6/21/2019||8/8/2019|| |
|CTS (CTS)||quarterly||$0.04||0.59%||6/20/2019||6/21/2019||7/26/2019|| |
|DE ENHANCED GLB/COM (DEX)||monthly||$0.0920||11.70%||6/20/2019||6/21/2019||6/28/2019|| |
|Eagle Materials (EXP)||quarterly||$0.10||0.44%||6/20/2019||6/21/2019||7/19/2019|| |
|Eaton V.Tax-Advantaged Dividend Inc Fund (EVT)||monthly||$0.1450||7.69%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance FloatingRate Incme Plus Fund (EFF)||monthly||$0.0830||6.65%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Floating-Rate Income Trust (EFT)||monthly||$0.0760||6.79%||6/20/2019||6/21/2019||6/28/2019|| |
|EATON VANCE MUN/SHS (ETX)||monthly||$0.0710||4.13%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Risk-Mngd Dvrsfd Eqty Inc Fd (ETJ)||monthly||$0.0760||9.90%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Senior Floating-Rate Trust (EFR)||monthly||$0.0760||6.14%||6/20/2019||6/21/2019||6/28/2019|| |
|EATON VANCE SHO/COM (EVG)||monthly||$0.0750||6.84%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax Managed Buy Write Opport (ETV)||monthly||$0.1110||9.41%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax Managed Diversified Eq. (ETY)||monthly||$0.0840||8.82%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax-Advantaged Global Divide (ETO)||monthly||$0.18||9.54%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax-Advantaged Global Dvd. (ETG)||monthly||$0.1020||8.11%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax-Managed Buy-Write Income (ETB)||monthly||$0.1080||8.50%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax-Managed Global Buy-Write (ETW)||monthly||$0.0730||9.19%||6/20/2019||6/21/2019||6/28/2019|| |
|Eaton Vance Tax-Managed Global Dive Eq (EXG)||monthly||$0.0620||9.34%||6/20/2019||6/21/2019||6/28/2019|| |
|Federal Realty Investment Trust (FRT)||quarterly||$1.02||3.07%||6/20/2019||6/21/2019||7/15/2019|| |
|First Guaranty Bancshares (FGBI)||quarterly||$0.16||3.02%||6/20/2019||6/21/2019||6/28/2019|| |
|Flaherty & Crumrine Dynmc Prf&Inm Fd (DFP)||monthly||$0.1430||7.04%||6/20/2019||6/21/2019||6/28/2019|| |
|Flaherty & Crumrine Pref. Income Fd (PFD)||monthly||$0.0750||6.79%||6/20/2019||6/21/2019||6/28/2019|| |
|Flaherty & Crumrine Total Return Fd (FLC)||monthly||$0.1150||7.12%||6/20/2019||6/21/2019||6/28/2019|| |
|Flaherty&Crumrine Prfrd Scts Incm Fd (FFC)||monthly||$0.1120||6.98%||6/20/2019||6/21/2019||6/28/2019|| |
|Flowserve (FLS)||quarterly||$0.19||1.56%||6/20/2019||6/21/2019||7/5/2019|| |
|Global Indemnity (GBLI)||quarterly||$0.25||3.35%||6/20/2019||6/21/2019||6/28/2019|| |
|Gol Linhas Aereas Inteligentes (GOL)||...||$0.0030||6/20/2019||6/21/2019||6/28/2019|| |
|H & R Block (HRB)||quarterly||$0.26||3.86%||6/20/2019||6/21/2019||7/1/2019|| |
|Heartland Express (HTLD)||quarterly||$0.02||0.43%||6/20/2019||6/21/2019||7/1/2019|| |
|Hill-Rom (HRC)||quarterly||$0.21||0.84%||6/20/2019||6/21/2019||6/28/2019|| |
|Independence (IHC)||semiannual||$0.20||1.01%||6/20/2019||6/21/2019||7/5/2019|| |
|Kite Realty Group Trust (KRG)||quarterly||$0.3175||7.83%||6/20/2019||6/21/2019||6/28/2019|| |
|LMP Capital and Income Fund (SCD)||quarterly||$0.31||9.35%||6/20/2019||6/21/2019||7/1/2019|| |
|Mannatech (MTEX)||quarterly||$0.1250||2.97%||6/20/2019||6/21/2019||6/28/2019|| |
|MILLER HOWARD/COM (HIE)||monthly||$0.1160||12.13%||6/20/2019||6/21/2019||6/28/2019|| |
|Nexpoint Strategic Opportunities Fund (NHF)||monthly||$0.20||12.92%||6/20/2019||6/21/2019||6/28/2019|| |
|NN (NNBR)||quarterly||$0.07||3.74%||6/20/2019||6/21/2019||6/28/2019|| |
|null (AEF)||quarterly||$0.04||2.21%||6/20/2019||6/21/2019||6/28/2019|| |
|OFS Capital (OFS)||quarterly||$0.34||10.97%||6/20/2019||6/21/2019||6/28/2019|| |
|OFS Credit (OCCI)||monthly||$0.1670||10.73%||6/20/2019||6/21/2019||6/28/2019|| |
|Oxford Lane Capital (OXLC)||monthly||$0.1350||15.73%||6/20/2019||6/21/2019||6/28/2019|| |
|Oxford Square Capital (OXSQ)||monthly||$0.0670||11.96%||6/20/2019||6/21/2019||6/28/2019|| |
|Philip Morris International (PM)||quarterly||$1.14||5.83%||6/20/2019||6/21/2019||7/10/2019|| |
|QCR (QCRH)||quarterly||$0.06||0.72%||6/20/2019||6/21/2019||7/3/2019|| |
|RAIFFEISEN INTL/ADR (RAIFY)||annual||$0.1620||2.79%||6/20/2019||6/21/2019||7/9/2019|| |
|Republic Bancorp, Inc. KY (RBCAA)||quarterly||$0.2640||2.13%||6/20/2019||6/21/2019||7/19/2019|| |
|Sabre (SABR)||quarterly||$0.14||2.49%||6/20/2019||6/21/2019||6/28/2019|| |
|Tate & Lyle (TATYY)||semi-annual||$1.0080||6/20/2019||6/21/2019||8/12/2019|| |
|The India Fund (IFN)||quarterly||$0.59||10.86%||6/20/2019||6/21/2019||6/28/2019|| |
|The New Ireland Fund (IRL)||quarterly||$0.1111||4.93%||6/20/2019||6/21/2019||6/28/2019|| |
|Tortoise Power & Energy Infrstrct Fd (TPZ)||monthly||$0.1250||8.23%||6/20/2019||6/21/2019||6/28/2019|| |
|Turning Point Brands (TPB)||quarterly||$0.0450||0.36%||6/20/2019||6/21/2019||7/12/2019|| |
|Western Asset Emerging Mrkts Dbt Fnd (EMD)||monthly||$0.10||8.73%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Global Corp Defind Opp Fnd (GDO)||monthly||$0.1010||7.29%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Global High Income Fnd (EHI)||monthly||$0.0630||7.75%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset High Income Fund II (HIX)||monthly||$0.0465||8.43%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset High Yield Dfnd Opp FI (HYI)||monthly||$0.0890||7.24%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Inflation-Linked Income Fd (WIA)||monthly||$0.0345||3.66%||6/20/2019||6/21/2019||6/28/2019|| |
|Western Asset Intermediate Muni Fund (SBI)||monthly||$0.0275||3.73%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Inv Grade Income Fund (PAI)||monthly||$0.0575||4.47%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Managed Municipals Fnd (MMU)||monthly||$0.0580||5.09%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Mrtg Defined Oppn Fund (DMO)||monthly||$0.16||9.09%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Municipal D Opp Trust (MTT)||monthly||$0.0790||4.36%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Municipal Hgh Incm Fnd (MHF)||monthly||$0.0255||4.09%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Municipal Partners Fnd (MNP)||monthly||$0.0575||4.69%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Premier Bond Fund (WEA)||monthly||$0.0660||5.82%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asset Vrble Rate Strtgc Fnd (GFY)||monthly||$0.0775||5.77%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asst High Incm Opprtnty Fnd (HIO)||monthly||$0.0295||7.18%||6/20/2019||6/21/2019||7/1/2019|| |
|Western Asst Inflatn Lkd Opts & Inc Fd (WIW)||monthly||$0.0360||3.92%||6/20/2019||6/21/2019||6/28/2019|| |
|Bank First National (BFC)||quarterly||$0.20||1.29%||6/21/2019||6/24/2019||7/8/2019|| |
|Broadcom (AVGO)||quarterly||$2.65||3.76%||6/21/2019||6/24/2019||7/2/2019|| |
|FedEx (FDX)||quarterly||$0.65||1.61%||6/21/2019||6/24/2019||7/8/2019|| |
|First Trust Enhanced Equity Income Fund (FFA)||quarterly||$0.2850||7.34%||6/21/2019||6/24/2019||6/28/2019|| |
|First Trust/aberdeen Emerging Oppo (FEO)||quarterly||$0.35||10.00%||6/21/2019||6/24/2019||6/28/2019|| |
|FlexShares STOXX Global ESG Impact Index Fund (ESGG)||quarterly||$0.7690||3.10%||6/21/2019||6/24/2019||6/27/2019|| |
|FlexShares US Quality Large Cap Index Fund (QLC)||quarterly||$0.2820||3.34%||6/21/2019||6/24/2019||6/27/2019|| |
|Gain Capital (GCAP)||quarterly||$0.06||4.49%||6/21/2019||6/24/2019||6/28/2019|| |
|International Flavors & Fragrances (IFF)||quarterly||$0.73||2.12%||6/21/2019||6/24/2019||7/5/2019|| |
|Johnson Controls International (JCI)||quarterly||$0.26||2.64%||6/21/2019||6/24/2019||7/12/2019|| |
|Macquarie Global Infr Total Rtrn Fnd (MGU)||quarterly||$0.42||7.31%||6/21/2019||6/24/2019||6/28/2019|| |
|Mercer International (MERC)||quarterly||$0.1375||3.16%||6/21/2019||6/24/2019||7/3/2019|| |
|Nathan's Famous (NATH)||quarterly||$0.35||2.07%||6/21/2019||6/24/2019||6/28/2019|| |
|NY MTG TR INC/SH (NYMT)||quarterly||$0.20||6/21/2019||6/24/2019||7/25/2019|| |
|Omega Flex (OFLX)||quarterly||$0.28||1.35%||6/21/2019||6/24/2019||7/2/2019|| |
|Putnam Master Int. Income (PIM)||monthly||$0.03||7.96%||6/21/2019||6/24/2019||7/1/2019|| |
|Putnam Municipal Opportunities Trust (PMO)||monthly||$0.0531||5.16%||6/21/2019||6/24/2019||7/1/2019|| |
|Putnam Premier Income Trust (PPT)||monthly||$0.0350||8.24%||6/21/2019||6/24/2019||7/1/2019|| |
|Sinopec Shanghai Petrochemical (SHI)||annual||$3.2960||6.54%||6/21/2019||6/24/2019||7/29/2019|| |
|Universal Health Realty Income Trust (UHT)||quarterly||$0.68||3.16%||6/21/2019||6/24/2019||7/2/2019|| |
|Vanguard Russell 1000 (VONE)||quarterly||$0.5840||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Russell 1000 Growth ETF (VONG)||quarterly||$0.4880||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Russell 1000 Value (VONV)||quarterly||$0.6490||2.32%||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Russell 2000 (VTWO)||quarterly||$0.4610||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Russell 2000 Growth (VTWG)||quarterly||$0.2480||0.68%||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Russell 2000 Value (VTWV)||quarterly||$0.5610||2.13%||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Russell 3000 (VTHR)||quarterly||$0.6340||1.88%||6/21/2019||6/24/2019||6/26/2019|| |
|Vanguard Total International Stock ETF (VXUS)||quarterly||$0.6110||6/21/2019||6/24/2019||6/26/2019|| |
What is the Ex-Dividend Date in Investing?
There are many benefits to investing in dividend-paying companies, not the least of which is that dividends will usually increase over time. Dividends can provide a hedge against the inherent risk in the market because they offer at least a partial return on an investment. And while there are no guarantees in the market, once a company starts to issue a dividend, they typically work very hard to continue to offer one – and increase it if possible. In fact, the elite group of companies known as “dividend aristocrats” have achieved this status by increasing their dividend payouts for more than 25 consecutive years. The average compounded annual growth rate for dividends of S&P 500 companies is 3.2%.
For many investors, collecting their dividend is something they don’t even think about. They may have owned the stock for years and are accustomed to receiving their dividend check on a regular basis. Other investors have a dividend reinvestment plan (DRIP) that allows them to simply reinvest the dividends to buy more shares in the company. DRIPs are a set-it-and-forget-it strategy that can help a portfolio grow.
However, even the most committed buy-and-hold investor confronts times when they have to realistically assess their portfolio, and they may decide there’s a need to sell one dividend stock and add another. For these investors, it may be important to know when the stock is selling ex-dividend.
This article will define ex-dividend, the process and additional dates that are important for investors to be aware of. We’ll also dive into a rarely used trading strategy called dividend capture and why it’s not realistic for the average investor.
What is ex-dividend?
Ex-dividend literally means “without the dividend”. When a stock sells ex-dividend it is said to be trading without the dividend added to its stock price. A simple example can help explain this.
Company A’s stock is selling for $150 per share, and they announce a 3% dividend. On the ex-dividend date (see below), at the opening of trading, Company A’s stock will be marked down by 3% ($4.50). Any investor buying stock will be purchasing it at the discounted price, $145.50, but they will not be able to receive the upcoming dividend if they were not already a shareholder.
What is the ex-dividend date?
The ex-dividend date is the first day a stock will be trading “ex-dividend”. It is automatically established by the market once the company announces a date of record for their dividend. Typical ex-dividend dates are set two business days before the record date.
Other key terms that can help explain ex-dividend
There are four key dates that are part of the dividend issuing process.
Record Date– this is the date set by a company’s board of directors once they decide to issue a dividend. An investor must be on the company’s record as a shareholder on this date to receive the dividend. Currently, the record date is set for one day after the ex-dividend date.
Ex-Dividend Date– once the record date is set the stock market will automatically set the ex-dividend date. As mentioned above, this date will typically be two days before the record date.
Declaration Date– this is simply the day the company announces to the public that they are issuing a dividend. In this announcement, the company will list how much the dividend will be, the ex-dividend date and the payment date. Chronologically, this would occur after the record and ex-dividend date have been set.
Payment Date– this is the date when the dividend payments are distributed to shareholders. This is typically at least two weeks after the record date.
Let’s look at an example of how all this might work together.
On August 16, 2018, Tiffany & Co. (NYSE: TIF) declared a dividend of $0.55/share (the declaration date) to be paid on October 10 (the payment date). The ex-dividend date was set for September 19, 2018, making the record date September 20, 2018.
Why is the ex-dividend date different from the record date?
Although many stock transactions seem to be handled almost instantaneously, most trades take two days to “settle”. This settlement time can cause a delay between an investor being listed as “on the record” to receive a dividend. For this reason, the stock market requires an ex-dividend date to be set. This date will typically be two business days before the record date.
Is the ex-dividend date a firm date?
Yes. Investors need to have their shares purchased and be listed as shareholders of record BEFORE the ex-dividend date. So in our example above, investors had to own shares in Tiffany & Co. on or before September 18 to receive the dividend. After this date, the shares will sell at a price that reflects the dividend already being issued.
Can an investor sell shares after the ex-dividend date but before the payment date and still receive the dividend?
Yes, as long as they are a shareholder of record on the ex-dividend date, they will receive the dividend. There is a practice known as dividend capture which we will explain more below.
How can investors find ex-dividend dates?
Companies are proud of their ability to issue a dividend and will typically have this information available to shareholders and prospective investors on their website, probably in an area called "Investor Relations" or something similar. In addition, many financial websites will have ex-dividend calendars that will provide a list of all announced ex-dividend dates. This is an easy way for investors to see not only the ex-dividend date of a company they may be interested in buying but a comparison of dividend amounts for similar companies. Once the ex-dividend date arrives you'll see an X next to the stock symbol to indicate that it is trading ex-dividend.
What is dividend capture?
For most investors, dividend investing is a straightforward, conservative investment strategy. However,
when turned into an aggressive trading strategy it carries both above-average risks and possible tax consequences. Dividend capture seeks to take advantage of the fact that stocks do not always trade precisely according to a formula or by conventional logic. Dividend stocks are a great example of this. On the ex-dividend day, the stock will start trading at the discounted price, but it will typically not maintain that adjusted price, meaning it could go higher or lower. And although investors usually factor in the anticipated decline in price as the ex-dividend day draws closer, many stocks have been known to go through a period of heightened interest prior to the ex-dividend date as more investors seek to get the dividend.
So for example, let’s say a stock was selling for $100 and announced a $0.50 dividend. On the ex-dividend date, the stock’s price would drop by $0.50, but if a significant amount of investors bought shares of the stock, the stock’s price could have been driven up to $102. So even with the discount factored out of the stock price, it is still trading above where it was on the declaration date.
These market anomalies can make it difficult to make dividend capture a profitable strategy, but here’s where it can sometimes, and the emphasis is on the word sometimes, work. There are times when a stock, for any number of reasons, may not be marked down to the expected amount dictated on the declaration date. In our example above let’s say the stock that was expected to drop by $0.50 only dropped by $0.25. An investor could go through the following process:
- Buy the stock prior to the ex-dividend date for $100
- Sell it on the ex-dividend date for $99.75
- They collect the dividend of $0.50 on the payment date
- They realize a total return of $0.25/share. They lost $0.25 on the stock but gained $0.50 on the dividend distribution.
In theory, this is true, but realistically it would require a much higher spread between the expected ex-dividend price and the actual ex-dividend price to make this a profitable trade. This is for two reasons. The first one is taxes. Qualified dividends receive preferential tax treatment. However, that's only if the stock is owned for more than 61 days. In our example, the stock was not so it gets no such treatment. The second issue has to do with trading costs. In many cases, it’s going to cost an investor more than $0.25/share to execute a trade and they’re paying that cost on both ends, you can see why what looks on paper to be a profitable trend could easily be a losing trade.
A better approach for investors looking to profit from dividend capture would be to use either fundamental analysis or technical analysis to predict which stocks may be more likely to trade higher prior to their ex-dividend date. By purchasing the stock well in advance of the ex-dividend date (preferably more than 61 days for tax purposes); investors could turn a profitable trade by selling the stock on or before the ex-dividend date.
Can average investors profit from dividend capture?
The simple answer here is no and for many reasons. First, although the example above could in fact work, the market tends to ensure that “loopholes” like this quickly close. Secondly, as we mentioned above there are commission charges that apply on both ends of the trade, even if the trade is a losing trade. But most importantly, there is an enormous amount of time and research that would have to go into finding not only the right candidates for such a trade, but then the knowledge, discipline, and meticulous execution that is necessary to make the trade work. For most investors, even those involved in day trading, the reward is not worth the effort, let alone the risk.
The bottom line on ex-dividend
Despite the presumption that dividend investing can be boring and conservative, savvy investors frequently buy dividend stocks as part of their portfolio because of the benefits that come from receiving regular dividends. Among these is the benefit that comes from reinvesting dividends to buy more shares which allows compounding to take place. However, if the time comes for an investor to rebalance their portfolio, they may find that they have to swap out one dividend stock for another.
When this happens, they’ll need to know the ex-dividend date for the stock they wish to purchase. By purchasing the stock before the ex-dividend date, they will be considered a shareholder of record by the record date and receive the scheduled dividend. The ex-dividend date is a firm date and once the date arrives, any new investors that buy the stock will not receive the upcoming dividend. Plus, once the ex-dividend date arrives, the stock price of the company will be adjusted downward typically for the same amount as the dividend, although there are times when it is different.
Investors that are wondering when a company is issuing a dividend can usually find this information on a company's website or other financial sites. Dividend-issuing companies are usually very proud of this fact and make the information readily available to investors.