7 Notable Stocks Trading Ex-Dividend Friday, October 21

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.

• Kaiser Aluminum Corp. KALU - $0.4500 dividend, 2.2402 percent yield
• Carpenter Technology Corporation CRS - $0.1800 dividend, 1.8095 percent yield
• Fastenal Company FAST - $0.3000 dividend, 2.8490 percent yield
• Apogee Enterprises Inc APOG - $0.1250 dividend, 1.1042 percent yield
• Bluerock Residential Growth REIT Inc BRG - $0.0967 dividend, 9.6060 percent yield
• Codorus Valley Bancorp, Inc. CVLY - $0.1300 dividend, 2.4209 percent yield
• Pembina Pipeline Corp PBA - $0.1600 dividend, 6.3787 percent yield