Ex-Dividend Calendar

On this page, you'll find a list of stocks that are getting ready to go ex-dividend. You can adjust the screener for specific variables. Investors looking to receive a company's dividend must buy shares on or before the last trading day before the ex-dividend date. For more information about ex-dividend date, read this article.

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United States flag USA (NYSE & NASDAQ) All MarketCaps All Sectors All Industries Both Stocks and ETFs All Ratings All All All All All All All All All
Country
Market Cap
Stock Type
Consensus Rating
CompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
BRT
BRT Apartments
quarterly$0.254.5%9/26/20229/27/202210/7/2022
GE
General Electric
quarterly$0.080.43%9/26/20229/27/202210/25/2022
HTLD
Heartland Express
quarterly$0.020.57%9/26/20229/27/202210/7/2022
IUSG
iShares Core S&P U.S. Growth ETF
quarterly$0.25201.23%9/26/20229/27/20229/30/2022
IUSV
iShares Core S&P U.S. Value ETF
quarterly$0.46202.91%9/26/20229/27/20229/30/2022
USXF
iShares ESG Advanced MSCI USA ETF
quarterly$0.12701.8%9/26/20229/27/20229/30/2022
ESGU
iShares ESG Aware MSCI USA ETF
quarterly$0.39501.95%9/26/20229/27/20229/30/2022
SUSL
iShares ESG MSCI USA Leaders ETF
quarterly$0.30301.93%9/26/20229/27/20229/30/2022
IFGL
iShares International Developed Real Estate ETF
quarterly$0.204.21%9/26/20229/27/20229/30/2022
IMCV
iShares Morningstar Mid-Cap Value ETF
quarterly$0.41502.94%9/26/20229/27/20229/30/2022
IJT
iShares S&P Small-Cap 600 Growth ETF
quarterly$0.36301.44%9/26/20229/27/20229/30/2022
DVY
iShares Select Dividend ETF
quarterly$1.34604.9%9/26/20229/27/20229/30/2022
SOXX
iShares Semiconductor ETF
quarterly$1.80202.2%9/26/20229/27/20229/30/2022
LOGI
Logitech International
$1.00232.07%9/26/20229/27/20229/28/2022
LOGI
Logitech International
annual$0.97822%9/26/20229/28/20229/27/2022
OLP
One Liberty Properties
quarterly$0.457.2%9/26/20229/27/202210/7/2022
CXSE
WisdomTree China ex-State-Owned Enterprises Fund
quarterly$0.111.35%9/26/20229/27/20229/29/2022
DGRE
WisdomTree Emerging Markets Quality Dividend Growth Fund
quarterly$0.306.14%9/26/20229/27/20229/29/2022
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fund
monthly$0.105.95%9/26/20229/27/20229/29/2022
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
monthly$0.112.89%9/26/20229/27/20229/29/2022
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
monthly$0.18504.03%9/26/20229/27/20229/29/2022
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
monthly$0.154.89%9/26/20229/27/20229/29/2022
AHH
Armada Hoffler Properties
quarterly$0.195.4%9/27/20229/28/202210/6/2022
CM
Canadian Imperial Bank of Commerce
quarterly$0.64905.13%9/27/20229/28/202210/28/2022
FLXS
Flexsteel Industries
quarterly$0.153.7%9/27/20229/28/202210/10/2022
LAUR
Laureate Education
$0.8372.21%9/27/20229/28/202210/12/2022
MERC
Mercer International
quarterly$0.07501.88%9/27/20229/28/202210/5/2022
PM
Philip Morris International
quarterly$1.275.4%9/27/20229/28/202210/12/2022
PSEC
Prospect Capital
monthly$0.069.93%9/27/20229/28/202210/20/2022
QQD
Simplify Growth Equity PLUS Downside Convexity ETF
quarterly$0.03100.53%9/27/20229/28/20229/30/2022
TRTX
TPG RE Finance Trust
quarterly$0.2410.48%9/27/20229/28/202210/25/2022
AQN
Algonquin Power & Utilities
quarterly$0.18084.7%9/28/20229/29/202210/14/2022
CIB
Bancolombia
quarterly$0.74033.5%9/28/20229/29/202210/13/2022
CBTX
CBTX
quarterly$0.131.68%9/28/20229/29/202210/14/2022
EQC
Equity Commonwealth
$1.003.71%9/28/20229/29/202210/18/2022
GRP.U
Granite Real Estate Inc. Staple
monthly$0.19704.27%9/28/20229/29/202210/14/2022
ITRN
Ituran Location and Control
quarterly$0.142.2%9/28/20229/29/202210/13/2022
NOG
Northern Oil and Gas
quarterly$0.253.42%9/28/20229/29/202210/31/2022
NOG
Northern Oil and Gas
quarterly$0.253.6%9/28/20229/29/202210/31/2022
PRA
ProAssurance
quarterly$0.050.9%9/28/20229/29/202210/13/2022
STN
Stantec
quarterly$0.14101.16%9/28/20229/29/202210/17/2022
VONG
Vanguard Russell 1000 Growth Index Fund
quarterly$0.15101.09%9/28/20229/29/202210/3/2022
VONE
Vanguard Russell 1000 Index Fund
quarterly$0.75701.82%9/28/20229/29/202210/3/2022
VONV
Vanguard Russell 1000 Value Index Fund
quarterly$0.38302.54%9/28/20229/29/202210/3/2022
VTWG
Vanguard Russell 2000 Growth Index Fund
quarterly$0.39301.05%9/28/20229/29/202210/3/2022
VTWO
Vanguard Russell 2000 Index Fund
quarterly$0.28501.71%9/28/20229/29/202210/3/2022
VTWV
Vanguard Russell 2000 Value Index Fund
quarterly$0.702.44%9/28/20229/29/202210/3/2022
VTHR
Vanguard Russell 3000 Index Fund
quarterly$0.64501.58%9/28/20229/29/202210/3/2022
AKR
Acadia Realty Trust
quarterly$0.184.16%9/29/20229/30/202210/14/2022
AFCG
AFC Gamma
quarterly$0.5612.9%9/29/20229/30/202210/14/2022
MITT
AG Mortgage Investment Trust
quarterly$0.2114.14%9/29/20229/30/202210/31/2022
AGNC
AGNC Investment
sep 22$0.1212.8%9/29/20229/30/202210/12/2022
ADC
Agree Realty
monthly$0.23403.82%9/29/20229/30/202210/14/2022
ALRS
Alerus Financial
quarterly$0.183.05%9/29/20229/30/202210/14/2022
ARE
Alexandria Real Estate Equities
quarterly$1.183.14%9/29/20229/30/202210/14/2022
ALCO
Alico
quarterly$0.506.2%9/29/20229/30/202210/14/2022
DOX
Amdocs
quarterly$0.39501.8%9/29/20229/30/202210/28/2022
ATAX
America First Multifamily Investors
quarterly$0.377.7%9/29/20229/30/202210/31/2022
COLD
Americold Realty Trust
quarterly$0.223%9/29/20229/30/202210/14/2022
ABCB
Ameris Bancorp
quarterly$0.151.3%9/29/20229/30/202210/10/2022
NLY
Annaly Capital Management
quarterly$0.8852.85%9/29/20229/30/202210/31/2022
ARI
Apollo Commercial Real Estate Finance
quarterly$0.3512.41%9/29/20229/30/202210/14/2022
ACRE
Ares Commercial Real Estate
quarterly$0.339.6%9/29/20229/30/202210/17/2022
ATNI
ATN International
quarterly$0.171.61%9/29/20229/30/202210/7/2022
AVB
AvalonBay Communities
quarterly$1.593.16%9/29/20229/30/202210/17/2022
BGS
B&G Foods
quarterly$0.47507.41%9/29/20229/30/202210/31/2022
BANF
BancFirst
quarterly$0.401.45%9/29/20229/30/202210/17/2022
BHE
Benchmark Electronics
quarterly$0.16502.53%9/29/20229/30/202210/14/2022
BXMT
Blackstone Mortgage Trust
quarterly$0.628.63%9/29/20229/30/202210/14/2022
BXSL
Blackstone Secured Lending Fund
quarterly$0.208.4%9/29/20229/30/202211/14/2022
BXP
Boston Properties
quarterly$0.984.74%9/29/20229/30/202210/31/2022
BYD
Boyd Gaming
quarterly$0.151.16%9/29/20229/30/202210/15/2022
BHR
Braemar Hotels & Resorts
quarterly$0.010.78%9/29/20229/30/202210/17/2022
BRSP
BrightSpire Capital
$0.209.96%9/29/20229/30/202210/14/2022
BTI
British American Tobacco
quarterly$0.73546.2%9/29/20229/30/202211/15/2022
BRMK
Broadmark Realty Capital
monthly$0.0713.15%9/29/20229/30/202210/17/2022
BNL
Broadstone Net Lease
quarterly$0.274.95%9/29/20229/30/202210/14/2022
DOOO
BRP
quarterly$0.12200.66%9/29/20229/30/202210/14/2022
CPT
Camden Property Trust
quarterly$0.942.91%9/29/20229/30/202210/17/2022
CP
Canadian Pacific Railway
quarterly$0.14800.76%9/29/20229/30/202210/31/2022
CTRE
CareTrust REIT
quarterly$0.27505.5%9/29/20229/30/202210/14/2022
CGBD
Carlyle Secured Lending
quarterly$0.4011.4%9/29/20229/30/202210/14/2022
CSR
Centerspace
quarterly$0.733.83%9/29/20229/30/202210/10/2022
CSR
Centerspace
quarterly$0.733.74%9/29/20229/30/202210/11/2022
CHMI
Cherry Hill Mortgage Investment
quarterly$0.2717.06%9/29/20229/30/202210/25/2022
REFI
Chicago Atlantic Real Estate Finance
quarterly$0.4712.8%9/29/20229/30/202210/14/2022
CIM
Chimera Investment
quarterly$0.2312.17%9/29/20229/30/202210/31/2022
CIXX
CI Financial
quarterly$0.13914.9%9/29/20229/30/202210/14/2022
CMTG
Claros Mortgage Trust
quarterly$0.379.74%9/29/20229/30/202210/14/2022
COP
ConocoPhillips
none$1.401.37%9/29/20228/16/20229/1/2022
OFC
Corporate Office Properties Trust
quarterly$0.27504%9/29/20229/30/202210/17/2022
CCAP
Crescent Capital BDC
quarterly$0.419.2%9/29/20229/30/202210/17/2022
CTS
CTS
quarterly$0.040.39%9/29/20229/30/202211/4/2022
CW
Curtiss-Wright
quarterly$0.190.51%9/29/20229/30/202210/13/2022
DHR
Danaher
quarterly$0.250.35%9/29/20229/30/202210/28/2022
DE
Deere & Company
quarterly$1.131.23%9/29/20229/30/202211/8/2022
XRAY
DENTSPLY SIRONA
quarterly$0.12501.36%9/29/20229/30/202210/14/2022
DRH
DiamondRock Hospitality
quarterly$0.031.3%9/29/20229/30/202210/12/2022
DBRG
DigitalBridge Group
quarterly$0.010.22%9/29/20229/30/202210/17/2022
DDS
Dillard's
quarterly$0.200.25%9/29/20229/30/202210/31/2022
DNP
DNP Select Income Fund
monthly$0.06507.4%9/29/20229/30/202210/11/2022
DEI
Douglas Emmett
quarterly$0.285.6%9/29/20229/30/202210/18/2022
EGP
EastGroup Properties
quarterly$1.253%9/29/20229/30/202210/14/2022
EIX
Edison International
quarterly$0.703.99%9/29/20229/30/202210/31/2022
EFC
Ellington Financial
monthly$0.1512.2%9/29/20229/30/202210/25/2022
EARN
Ellington Residential Mortgage REIT
monthly$0.0812.3%9/29/20229/30/202210/25/2022
EPR
EPR Properties
monthly$0.27507.95%9/29/20229/30/202210/17/2022
EQBK
Equity Bancshares
quarterly$0.101.28%9/29/20229/30/202210/14/2022
ELS
Equity LifeStyle Properties
quarterly$0.412.3%9/29/20229/30/202210/14/2022
ESAB
ESAB
quarterly$0.050.53%9/29/20229/30/202210/14/2022
EPRT
Essential Properties Realty Trust
quarterly$0.274.87%9/29/20229/30/202210/14/2022
ESS
Essex Property Trust
quarterly$2.203.37%9/29/20229/30/202210/14/2022
FPI
Farmland Partners
quarterly$0.061.67%9/29/202210/1/202210/17/2022
FITB
Fifth Third Bancorp
quarterly$0.333.61%9/29/20229/30/202210/17/2022
FBNC
First Bancorp
quarterly$0.222.3%9/29/20229/30/202210/25/2022
FR
First Industrial Realty Trust
quarterly$0.29502.22%9/29/20229/30/202210/17/2022
INBK
First Internet Bancorp
quarterly$0.060.67%9/29/20229/30/202210/17/2022
FSV
FirstService
quarterly$0.20250.6%9/29/20229/30/202210/7/2022
FLS
Flowserve
quarterly$0.202.48%9/29/20229/30/202210/14/2022
FMC
FMC
quarterly$0.532.1%9/29/20229/30/202210/20/2022
FCPT
Four Corners Property Trust
quarterly$0.33304.96%9/29/20229/30/202210/14/2022
FRG
Franchise Group
quarterly$0.62507.14%9/29/20229/30/202210/14/2022
FBRT
Franklin BSP Realty Trust
quarterly$0.355011.32%9/29/20229/30/202210/11/2022
BEN
Franklin Resources
quarterly$0.294.44%9/29/20229/30/202210/14/2022
GSBD
Goldman Sachs BDC
quarterly$0.4510.22%9/29/20229/30/202210/27/2022
GVA
Granite Construction
quarterly$0.131.87%9/29/20229/30/202210/14/2022
GNTY
Guaranty Bancshares
quarterly$0.222.54%9/29/202210/1/202210/12/2022
HT
Hersha Hospitality Trust
quarterly$0.052.01%9/29/20229/30/202210/17/2022
HST
Host Hotels & Resorts
quarterly$0.122.77%9/29/20229/30/202210/17/2022
HST
Host Hotels & Resorts
quarterly$0.122.77%9/29/20229/30/202210/17/2022
HUM
Humana
quarterly$0.78750.64%9/29/20229/30/202210/28/2022
ITW
Illinois Tool Works
quarterly$1.312.5%9/29/20229/30/202210/14/2022
IRT
Independence Realty Trust
quarterly$0.142.85%9/29/20229/30/202210/21/2022
INDT
INDUS Realty Trust
quarterly$0.161.06%9/29/20229/30/202210/14/2022
IIPR
Innovative Industrial Properties
quarterly$1.807.99%9/29/20229/30/202210/14/2022
INSI
Insight Select Income Fund
quarterly$0.184.52%9/29/20229/30/202210/12/2022
IVT
InvenTrust Properties
quarterly$0.20503.25%9/29/20229/30/202210/14/2022
ISTR
Investar
quarterly$0.09501.87%9/29/20229/30/202210/31/2022
J
Jacobs Solutions
quarterly$0.230.78%9/29/20229/30/202210/28/2022
KW
Kennedy-Wilson
quarterly$0.245%9/29/20229/30/202210/6/2022
KDP
Keurig Dr Pepper
quarterly$0.202.12%9/29/20229/30/202210/14/2022
KRC
Kilroy Realty
quarterly$0.544.3%9/29/20229/30/202210/12/2022
KREF
KKR Real Estate Finance Trust
quarterly$0.438.77%9/29/20229/30/202210/14/2022
LADR
Ladder Capital
quarterly$0.238.39%9/29/20229/30/202210/17/2022
LECO
Lincoln Electric
quarterly$0.561.74%9/29/20229/30/202210/14/2022
LFT
Lument Finance Trust
quarterly$0.069.88%9/29/20229/30/202210/17/2022
LXP
LXP Industrial Trust
quarterly$0.124.87%9/29/20229/30/202210/17/2022
MTR
Mesa Royalty Trust
monthly$0.09559.28%9/29/20229/30/202210/31/2022
MFA
MFA Financial
quarterly$0.4416.12%9/29/20229/30/202210/31/2022
MDV
Modiv
$0.09600.66%9/29/20229/30/202210/25/2022
MDLZ
Mondelez International
quarterly$0.38502.42%9/29/20229/30/202210/14/2022
MPWR
Monolithic Power Systems
quarterly$0.750.72%9/29/20229/30/202210/14/2022
MSD
Morgan Stanley Emerging Markets Debt Fund
quarterly$0.127.34%9/29/20229/30/202210/14/2022
NFG
National Fuel Gas
quarterly$0.47502.76%9/29/20229/30/202210/14/2022
NHI
National Health Investors
quarterly$0.905.53%9/29/20229/30/202211/4/2022
NRC
National Research
quarterly$0.242.73%9/29/20229/30/202210/14/2022
NUE
Nucor
quarterly$0.501.71%9/29/20229/30/202211/10/2022
NTR
Nutrien
quarterly$0.482.3%9/29/20229/30/202210/14/2022
OFG
OFG Bancorp
quarterly$0.202.93%9/29/20229/30/202210/17/2022
ORC
Orchid Island Capital
monthly$0.1615.4%9/29/20229/30/202210/27/2022
ONL
Orion Office REIT
quarterly$0.103.7%9/29/20229/30/202210/17/2022
OR
Osisko Gold Royalties
quarterly$0.04301.66%9/29/20229/30/202210/14/2022
ORCC
Owl Rock Capital
quarterly$0.319.66%9/29/20229/30/202211/15/2022
PGRE
Paramount Group
quarterly$0.07804.55%9/29/20229/30/202210/14/2022
PK
Park Hotels & Resorts
quarterly$0.010.3%9/29/20229/30/202210/17/2022
PEB
Pebblebrook Hotel Trust
quarterly$0.010.23%9/29/20229/30/202210/17/2022
PBT
Permian Basin Royalty Trust
monthly$0.224015.69%9/29/20229/30/202210/17/2022
PVL
Permianville Royalty Trust
monthly$0.051017.34%9/29/20229/30/202210/17/2022
PRT
PermRock Royalty Trust
monthly$0.093013.13%9/29/20229/30/202210/17/2022
PLYM
Plymouth Industrial REIT
quarterly$0.224.27%9/29/20229/30/202210/31/2022
PRIM
Primoris Services
quarterly$0.061.12%9/29/20229/30/202210/14/2022
RL
Ralph Lauren
quarterly$0.753.22%9/29/20229/30/202210/14/2022
RC
Ready Capital
quarterly$0.4213.1%9/29/20229/30/202210/31/2022
RRX
Regal Rexnord
quarterly$0.351.12%9/29/20229/30/202210/14/2022
REVG
REV Group
quarterly$0.051.7%9/29/20229/30/202210/14/2022
REXR
Rexford Industrial Realty
quarterly$0.31502%9/29/20229/30/202210/15/2022
RLJ
RLJ Lodging Trust
quarterly$0.051.61%9/29/20229/30/202210/17/2022
RHP
Ryman Hospitality Properties
--$0.100.14%9/29/20229/30/202210/17/2022
SAFE
Safehold
quarterly$0.17701.95%9/29/20229/30/202210/14/2022
SJT
San Juan Basin Royalty Trust
monthly$0.124013.32%9/29/20229/30/202210/17/2022
SLG
SL Green Realty
monthly$0.31088.1%9/29/20229/30/202210/17/2022
SNN
Smith & Nephew
semi-annual$0.28802.8%9/29/20229/30/202210/26/2022
SQM
Sociedad Química y Minera de Chile
quarterly$1.20204.82%9/29/20229/30/20229/29/2022
SRC
Spirit Realty Capital
quarterly$0.66306.04%9/29/20229/30/202210/14/2022
STAG
STAG Industrial
monthly$0.12174.9%9/29/20229/30/202210/17/2022
STWD
Starwood Property Trust
quarterly$0.488.36%9/29/20229/30/202210/14/2022
STLD
Steel Dynamics
quarterly$0.341.69%9/29/20229/30/202210/14/2022
SCM
Stellus Capital Investment
monthly$0.11338.9%9/29/20229/30/202210/14/2022
STOR
STORE Capital
quarterly$0.415.13%9/29/20229/30/202210/17/2022
SYK
Stryker
quarterly$0.69501.3%9/29/20229/30/202210/31/2022
SUI
Sun Communities
quarterly$0.882.3%9/29/20229/30/202210/14/2022
SHO
Sunstone Hotel Investors
quarterly$0.051.78%9/29/20229/30/202210/17/2022
TRP
TC Energy
quarterly$0.69905.16%9/29/20229/30/202210/31/2022
TSI
TCW Strategic Income Fund
quarterly$0.064.97%9/29/20229/30/202210/14/2022
TGLS
Tecnoglass
quarterly$0.07501.2%9/29/20229/30/202210/31/2022
ERIC
Telefonaktiebolaget LM Ericsson (publ)
$0.07601.32%9/29/20229/30/20229/30/2022
TRNO
Terreno Realty
quarterly$0.402.58%9/29/20229/30/202210/14/2022
TFII
TFI International
quarterly$0.271.14%9/29/20229/30/202210/17/2022
ENSG
The Ensign Group
quarterly$0.05500.26%9/29/20229/30/202210/31/2022
YORW
York Water
quarterly$0.19491.8%9/29/20229/30/202210/14/2022
TOWN
TowneBank
quarterly$0.233.1%9/29/20229/30/202210/14/2022
TCN
Tricon Residential
quarterly$0.05801.97%9/29/20229/30/202210/15/2022
USB
U.S. Bancorp
quarterly$0.484.25%9/29/20229/30/202210/17/2022
UBP
Urstadt Biddle Properties
quarterly$0.21455.5%9/29/20229/30/202210/14/2022
UBA
Urstadt Biddle Properties
quarterly$0.23755.7%9/29/20229/30/202210/14/2022
VET
Vermilion Energy
quarterly$0.06280.8%9/29/20229/30/202210/17/2022
WPC
W. P. Carey
quarterly$1.06105.09%9/29/20229/30/202210/14/2022
WTW
Willis Towers Watson Public
quarterly$0.821.6%9/29/20229/30/202210/17/2022
XHR
Xenia Hotels & Resorts
quarterly$0.102.46%9/29/20229/30/202210/14/2022
XRX
Xerox
quarterly$0.256.13%9/29/20229/30/202210/31/2022
AUY
Yamana Gold
quarterly$0.032.51%9/29/20229/30/202210/14/2022
ZBH
Zimmer Biomet
quarterly$0.240.86%9/29/20229/30/202210/31/2022
APD
Air Products and Chemicals
quarterly$1.622.87%9/30/202210/3/202211/14/2022
AXS
AXIS Capital
quarterly$0.433.3%9/30/202210/3/202210/18/2022
CAH
Cardinal Health
quarterly$0.49572.9%9/30/202210/3/202210/15/2022
CHH
Choice Hotels International
quarterly$0.23750.9%9/30/202210/3/202210/14/2022
CWCO
Consolidated Water
quarterly$0.08501.91%9/30/202210/3/202210/31/2022
CMCT
Creative Media & Community Trust Co.
quarterly$0.08505.05%9/30/202210/3/202210/17/2022
CUBE
CubeSmart
quarterly$0.433.9%9/30/202210/3/202210/17/2022
EHC
Encompass Health
quarterly$0.151.22%9/30/202210/3/202210/17/2022
FULT
Fulton Financial
quarterly$0.153.62%9/30/202210/3/202210/17/2022
GPMT
Granite Point Mortgage Trust
quarterly$0.2511.5%9/30/202210/3/202210/17/2022
GSBC
Great Southern Bancorp
quarterly$0.402.7%9/30/202210/3/202210/18/2022
GGAL
Grupo Financiero Galicia
annual$0.08955.17%9/30/202210/3/202210/11/2022
HURC
Hurco Companies
quarterly$0.152.49%9/30/202210/3/202210/17/2022
PKG
Packaging Co. of America
quarterly$1.254.23%9/30/202210/3/202210/17/2022
PKE
Park Aerospace
quarterly$0.103.7%9/30/202210/3/202211/4/2022
PEGA
Pegasystems
quarterly$0.030.34%9/30/202210/3/202210/17/2022
PLPC
Preformed Line Products
quarterly$0.201.07%9/30/202210/3/202210/20/2022
PWR
Quanta Services
quarterly$0.070.2%9/30/202210/3/202210/14/2022
RJF
Raymond James
quarterly$0.341.25%9/30/202210/3/202210/17/2022
O
Realty Income
quarterly$0.24801.51%9/30/202210/3/202210/14/2022
RSG
Republic Services
quarterly$0.49501.4%9/30/202210/3/202210/14/2022
SGA
Saga Communications
quarterly$2.2531.89%9/30/202210/3/202210/21/2022
SFBS
ServisFirst Bancshares
quarterly$0.231.1%9/30/202210/3/202210/7/2022
STT
State Street
quarterly$0.633.72%9/30/202210/3/202210/13/2022
SLVM
Sylvamo
quarterly$0.11251.2%9/30/202210/3/202210/17/2022
ANDE
Andersons
quarterly$0.181.86%9/30/202210/3/202210/21/2022
TWO
Two Harbors Investment
quarterly$0.1715.42%9/30/202210/3/202210/28/2022
VTR
Ventas
quarterly$0.453.81%9/30/202210/3/202210/14/2022
WASH
Washington Trust Bancorp
quarterly$0.544.3%9/30/202210/3/202210/7/2022
WERN
Werner Enterprises
quarterly$0.131.23%9/30/202210/3/202210/18/2022
WMC
Western Asset Mortgage Capital
quarterly$0.4012.8%9/30/202210/3/202210/26/2022
WWW
Wolverine World Wide
quarterly$0.101.7%9/30/202210/3/202211/1/2022

The ex-dividend date is the first date that a stock trades without the dividend included in its stock price. In a completely efficient market, the stock would drop by exactly the amount of the announced dividend on the ex-dividend date.

To illustrate how this works, let’s use McDonald’s (NYSE:MCD) stock. For this example, we’ll assume that the company pays a quarterly dividend of $1.38 and the stock price the day before the ex-dividend date is $240. With those variables, MCD stock would, theoretically, trade at $238.62 when trading begins on the ex-dividend date.

Investors looking to collect the company’s dividend must be shareholders of record by the company’s record date. The record date is typically one day after the ex-dividend date to allow trades to close. 

Key Dates to Understand

The process of how a dividend is issued follows a predictable pattern. Investors need to pay attention to four key dates.

Declaration Date - This is the date the company’s Board of Directors announces it will pay a dividend. On this day, the Board of Directors will also announce the date of record and the payment date.

Why this date is important to investors: There are four possible outcomes on the declaration date. A company can maintain its dividend, it could raise its dividend, it can cut its dividend, or it can suspend its dividend. All of these outcomes are usually communicated by the company in advance of the declaration date. However, if a company announces it is raising its dividend it frequently results in the stock price going up as investors anticipate that more investors will want to collect the dividend.

Ex-Dividend Date – This is the day that an investor must own the stock in order to be eligible to receive a dividend payment. For a shareholder to collect the dividend they must own the stock before the ex-dividend date. So if the ex-dividend date is on a Monday, investors need to buy the stock no later than the previous Friday. The ex-dividend date is set automatically once the date of record is announced.

Why this date is important to investors: It is a firm date. If a shareholder does not own shares (or fractional shares) before the ex-dividend date, they will not be eligible for that quarter’s dividend. Of course, if an investor likes the long-term outlook for the company they can continue to own the stock to collect future dividends.

Date of Record - This is the day a company reviews its records in order to identify its shareholders. Sometimes this is the same day as the ex-dividend date, but frequently it is a day or two later.

Why this date is important to investors:  Most trades are now able to be closed within seconds, but it still takes a day for the record of the trade to close. That’s why an investor needs to buy shares before the ex-dividend date.

Payment Date - This is the day a shareholder receives the dividend payment electronically or when the dividend payment is sent if the shareholder is receiving a paper check.

Can an Investor Sell Shares Before the Payment Date and Still Collect the Dividend?

An investor can choose to sell shares before the payment date and still collect the divided. They will receive a dividend based on the number of shares they held as of the ex-dividend date.

The larger question is why would investors do this? There is a sophisticated investment strategy known as dividend harvesting. This is a strategy that relies on the fact that the market does not operate under the efficient market hypothesis. This allows investors to benefit from price anomalies and capture those gains.

Fractional Shares and Ex-Dividend Date

The surge of retail investors and trading apps means there are many shareholders who can buy fractional shares. An investor with $1,000 or less to invest in the market can build a diversified portfolio of companies, but they would be unable to buy one full share of any single company.

That shouldn’t steer them away from dividend stocks. That’s because an investor who is a shareholder of record on the ex-dividend date is entitled to a dividend that is proportionate to their investment. If they own 0.5 shares (or 50% of one share) they are entitled to 50% of the dividend price per share. That means if a dividend pays a quarterly amount of 80 cents per share, that investor will collect 40 cents for the fractional share they own.

With zero-commission trading now the norm, there really is no downside to owning fractional shares. And as it relates to the ex-dividend date, investors can get a small benefit without a big risk. For example, if a stock they want to buy is coming up on its ex-dividend date, but they don’t have the cash available to buy a full share or more, they can buy a fractional share and still collect a fraction of the current divided. Then when cash allows, they can increase their investment and the dividend they collect.

The Last Word on the Ex-Dividend Date

The ex-dividend date serves two purposes for investors. First, from a technical standpoint it is the day on which the company’s stock price will reflect the upcoming dividend. Second, on this date, investors who do not own shares of the stock will be ineligible to collect the current dividend.

Investors can still invest in the stock between the ex-dividend date and the payment date, but they will have to hold the stock until the next dividend cycle to begin collecting the dividend.

Dividend investing is an important consideration for every portfolio. And even investors who don’t have the money to buy full shares can buy fractional shares of a stock prior to the ex-dividend date and collect a proportional “fraction” of the dividend.

Find out why slow and steady wins the race with DividendStocks.com.