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.
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Here is the list of stocks going ex-dividend on Friday.
- Donaldson Company, Inc. (NYSE: DCI) - $0.1750 dividend, 1.7456 percent yield. Donaldson posted better-than-expected Q1 earnings.
- Heartland Express, Inc. (NASDAQ: HTLD) - $0.0200 dividend, 0.3704 percent yield. Heartland Express shares have climbed 13.21 percent over the past 52 weeks, while the S&P 500 index has gained 4.57 percent in the same period.
- Kronos Worldwide, Inc. (NYSE: KRO) - $0.1500 dividend, 7.6336 percent yield. Kronos Worldwide, based in Dallas, Texas, is a subsidiary of Valhi, Inc.
- Avnet, Inc. (NYSE: AVT) - $0.1700 dividend, 1.5625 percent yield. Avnet disclosed the pricing of its offering of $300 million in aggregate principal amount of notes.
- Marvell Technology Group Ltd. (NASDAQ: MRVL) - $0.0600 dividend, 1.7964 percent yield. Marvell Technology shares have surged 52.88 percent over the past 52 weeks, while the S&P 500 index has gained 4.57 percent in the same period.
- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) - $0.4700 dividend, 4.0274 percent yield. Penns Woods Bancorp, based in Williamsport, Pennsylvania, was founded in 1934.