6 Notable Stocks Trading Ex-Dividend Monday, October 31
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.
- AptarGroup, Inc. (NYSE: ATR) – $0.3200 dividend, 1.6780 percent yield. AptarGroup reported weaker-than-expected Q3 results on Thursday.
- Fidelity Southern Corporation (NASDAQ: LION) – $0.1200 dividend, 2.6359 percent yield. The company, based in Atlanta, Georgia, provides financial products and services for customers.
- Apple Hospitality REIT Inc (NYSE: APLE) – $0.1000 dividend, 6.5826 percent yield. Apple Hospitality REIT, based in Richmond, Virginia, operates as a subsidiary of Apple REIT Companies.
- Targa Resources Corp (NYSE: TRGP) – $0.9100 dividend, 7.7299 percent yield. The Houston, Texas-based company provides midstream natural gas and natural gas liquid services in the U.S.
- Hexcel Corporation (NYSE: HXL) – $0.1100 dividend, 1.0348 percent yield. Vertical Research initiated coverage on Hexcel with a Buy rating.
- Phillips 66 Partners LP (NYSE: PSXP) – $0.5310 dividend, 4.5269 percent yield. The Houston, Texas-based company operates as the general partner of Phillips 66 Partners LP.
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