Raking in sizeable dividends, with a potential return of up to 13.1% on these equities
High-Yield Dividend Stocks with Upcoming Ex-Dividend Dates
Investors have a golden opportunity to collect substantial dividend payouts this week, as several high-yield stocks approach their ex-dividend dates. Here's a rundown of the companies and their respective ex-dividend dates.
Bank of Nova Scotia (Scotiabank)
Scotiabank, a leading financial institution, has set its ex-dividend date for October 2, 2024. To receive the declared dividend payable on October 29, 2025, shareholders must be recorded by the close of business on October 7, 2025.
Two Harbors
Two Harbors, a high-dividend stock that invests in mortgage-backed securities with high leverage, has an ex-dividend date of October 1, 2024. This company generates regular high interest income.
Neste Oyj
Neste Oyj, a Finnish energy company, has an ex-dividend date of October 1, 2024, offering a dividend yield of 6.9%.
Realty Income
Realty Income, a real estate stock that offers a monthly dividend, has an ex-dividend date of October 1, 2024, with a dividend yield of 5.5%. As a dividend aristocrat, Realty Income has consistently increased its dividend for over 25 consecutive years.
New Hope
Australian-based New Hope, a company specializing in the exploration and mining of oil, coal, and gas, has an ex-dividend date of October 3, 2024, with a dividend yield of 7.3%.
Hargreaves Services
Hargreaves Services, a British mining and energy company, has an ex-dividend date of October 3, 2024, with a dividend yield of 5.6%.
Gladstone Investment
Gladstone Investment, a business development company, has an ex-dividend date of October 4, 2024, offering a hefty 13.1% dividend yield.
It's essential to note that to receive dividend payments for these high-yield stocks, you must own the shares before the ex-dividend date. This means buying the stock before the ex-dividend date so you are a shareholder of record on the record date, and thus eligible to receive the dividend. The price of a stock often drops by the amount of the dividend on the ex-dividend day.
While the Bank of Nova Scotia example clearly states the payable date and the shareholder record date, similar timing principles regarding ex-dividend dates and shareholder records apply to the other stocks as a standard market practice.
Investing in dividend stocks can provide a steady stream of income, but it's crucial to do your research and understand the specific requirements for each company. Happy investing!
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