6 Notable Stocks Trading Ex-Dividend Monday, September 26

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 Monday.

• Marvell Technology Group Ltd. MRVL - $0.0600 dividend, 1.9262 percent yield
• Philip Morris International Inc. PM - $1.0400 dividend, 4.2050 percent yield
• ProAssurance Corporation PRA - $0.3100 dividend, 2.2690 percent yield
• Canadian Imperial Bank of Commerce (USA) CM - $1.2100 dividend, 6.1390 percent yield
• 1st Constitution Bancorp FCCY - $0.0500 dividend, 1.5361 percent yield
• MFA Financial, Inc. MFA - $0.2000 dividend, 10.7095 percent yield