Notable Stocks Trading Ex-Dividend Friday, September 23

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.

• StoneCastle Financial Corp BANX - $0.3700 dividend, 8.0000 percent yield
• Invesco Mortgage Capital Inc IVR - $0.4000 dividend, 10.4099 percent yield
• Global Medical REIT Inc GMRE - $0.2000 dividend, 8.2051 percent yield