10 Notable Stocks Trading Ex-Dividend Wednesday, November 16

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 Wednesday.

• 3M Co MMM - $1.1100 dividend, 2.6158 percent yield. 3M, based in St. Paul, Minnesota, operates as a diversified technology company worldwide.
• Honeywell International Inc. HON - $0.6650 dividend, 2.4442 percent yield. Honeywell, based in Morris Plains, New Jersey, operates as a diversified technology and manufacturing company worldwide.
• Sturm Ruger & Company Inc RGR - $0.4100 dividend, 2.7018 percent yield. Sturm Ruger shares have increased 1.60 percent over the past 52 weeks, while the S&P 500 index has gained 5.41 percent in the same period.
• Chevron Corporation CVX - $1.0800 dividend, 4.2692 percent yield. CLSA upgraded Chevron from Outperform to Buy.
• Visa Inc V - $0.1650 dividend, 0.8034 percent yield. Visa shares have dropped 0.66 percent over the past 52 weeks, while the S&P 500 index has gained 5.41 percent in the same period.
• Sherwin-Williams Co SHW - $0.8400 dividend, 1.2463 percent yield. The company, based in Cleveland, Ohio, was founded in 1866.
• Harris Corporation HRS - $0.5300 dividend, 2.3826 percent yield. Harris shares have surged 30.34 percent over the past 52 weeks, while the S&P 500 index has gained 5.41 percent in the same period.
• Whirlpool Corporation WHR - $1.0000 dividend, 2.4538 percent yield. The company, based in Benton Harbor, Michigan, manufactures and markets home appliances and related products worldwide.
• L Brands Inc LB - $0.6000 dividend, 3.6552 percent yield. L Brands shares have declined 23.10 percent over the past 52 weeks, while the S&P 500 index has gained 5.41 percent in the same period.
• Duke Energy Corp DUK - $0.8550 dividend, 4.3611 percent yield. Duke Energy shares have increased 9.91 percent over the past 52 weeks, while the S&P 500 index has gained 5.41 percent in the same period.