10 Notable Stocks Trading Ex-Dividend Thursday, October 20

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 Thursday.

• Caterpillar Inc. CAT - $0.7700 dividend, 3.5212 percent yield
• C R Bard Inc BCR - $0.2600 dividend, 0.4775 percent yield
• Hormel Foods Corp HRL - $0.1450 dividend, 1.5316 percent yield
• CVS Health Corp CVS - $0.4250 dividend, 1.8834 percent yield
• Western Refining, Inc. WNR - $0.3800 dividend, 5.5780 percent yield
• TransDigm Group Incorporated TDG - $24.0000 dividend, 8.6480 percent yield
• A Schulman Inc SHLM - $0.2050 dividend, 2.9380 percent yield
• Thor Industries, Inc. THO - $0.3300 dividend, 1.5586 percent yield
• AAR Corp. AIR - $0.0750 dividend, 0.9640 percent yield
• MVC Capital, Inc. MVC - $0.1350 dividend, 6.2212 percent yield