Briefly earning substantial dividends from these stocks in a short span
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Investors looking for high-dividend stocks are in for a treat next week, as five companies are set to go ex-dividend. Among them is Gear Energy, a company that has recently undergone a management and strategy change.
Here's a rundown of the companies going ex-dividend next week:
- ARMOUR Residential (OTCQX: ARMR) - Ex-dividend date: October 15, 2024, Dividend yield: 14.6%
- Gear Energy (TSX: GXE, OTCQX: GENGF) - Ex-dividend date: October 15, 2024, Dividend yield: Unconfirmed
- PennantPark (NASDAQ: PNNT) - Ex-dividend date: October 16, 2024, Dividend yield: 13.7%
- Oxford Square (OTCQX: OXSQF) - Ex-dividend date: October 17, 2024, Dividend yield: 14.5%
- Patterson (NASDAQ: PTN) - Ex-dividend date: October 18, 2024, Dividend yield: 5.1%
Dividends are usually paid quarterly or monthly, depending on the type of stock. However, it's important to note that the price of a stock often drops by the amount of the dividend on the ex-dividend date.
Gear Energy, an explorer that buys, develops, and later leases oil and gas fields, is part of the BÖRSE ONLINE Global Dividend Stars Index. The company was subject to a completed acquisition earlier in 2025 through a plan of arrangement by a large publicly traded company, which included all of Gear's heavy oil assets, indicating a change in corporate ownership or structure.
Because the company was acquired, its independent financial reporting and dividend policy may have changed or ceased. No data on a 9.9% dividend yield or a scheduled ex-dividend date on 15.10.2024 could be confirmed from recent public filings or news.
Investment prospects for Gear Energy as a standalone entity may no longer apply given the acquisition. Generally, for high-dividend stocks like Gear was reportedly offering, risks include commodity price volatility, operational cash flow stability, and corporate governance issues—factors that potential investors should thoroughly evaluate. But no current financials or forecasts are available for Gear post-acquisition.
If you are specifically interested in dividend yield and financials for Gear Energy or a replacement entity, you may need to review the acquiring company’s disclosures or contact investor relations directly. The absence of recent standalone data makes it difficult to assess performance or dividend sustainability accurately.
In conclusion, while Gear Energy's ex-dividend date and dividend yield remain unconfirmed, investors may want to keep an eye on the company as it navigates its post-acquisition journey. For those seeking high-dividend stocks, the upcoming ex-dividend dates offer an opportunity to consider the listed companies and their associated risks.
- Due to the recent change in corporate ownership or structure of Gear Energy, interested investors might need to review the acquiring company's disclosures or contact investor relations directly to access up-to-date financials and dividend information.
- Given the unconfirmed status of Gear Energy's ex-dividend date and dividend yield, as well as the potential risks associated with high-dividend stocks, investors may still find it beneficial to monitor the company's post-acquisition journey.
