10 Notable Stocks Trading Ex-Dividend Wednesday, August 17

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.

• Drew Industries, Inc. DW - $0.3000 dividend, 1.2475 percent yield
• 3M Co MMM - $1.1100 dividend, 2.4889 percent yield
• Honeywell International Inc. HON - $0.5950 dividend, 2.0560 percent yield
• Chevron Corporation CVX - $1.0700 dividend, 4.1854 percent yield
• Visa Inc V - $0.1400 dividend, 0.7114 percent yield
• L Brands Inc LB - $0.6000 dividend, 3.2963 percent yield
• Cogent Communications Holdings Inc CCOI - $0.3800 dividend, 3.5556 percent yield
• Ashland Inc ASH - $0.3900 dividend, 1.2748 percent yield
• Macerich Co MAC - $0.6800 dividend, 3.0565 percent yield
• Sherwin-Williams Co SHW - $0.8400 dividend, 1.0874 percent yield