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For dividend investors, few events are more eagerly anticipated than the arrival of fresh ex-dividend dates. These present a prime opportunity to load up on shares and secure steady income streams for the quarters ahead.
Next week brings a flurry of marquee names across major sectors splitting off their next payouts. From banking giants like JPMorgan Chase to defensive plays like Bristol-Myers Squibb, the lineup covers a wide range of dividend-capturing opportunities.
Of course, proper timing is critical. To qualify for a company's upcoming dividend, you must purchase shares before the ex-dividend date. Buy on or after that date, and the dividend goes to the stock's seller - not you.
With that in mind, here are 8 high-yield stocks to watch as their ex-dividend dates approach in the trading days ahead:
General Dynamics (GD) - This aerospace and defense titan is scheduled for a $1.42 per share dividend payment after going ex-dividend on 7/5. Analysts are bullish with 14% upside predicted.
JPMorgan Chase (JPM) - The mega-bank's shares will trade ex-dividend on 7/5 ahead of a $1.15 payout later in July. JPM gets "buy" ratings amid a modest 3.5% projected return.
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Preferred Bank (PFBC) - This fast-growing regional lender catering to the Chinese-American market offers a juicy 3.73% yield on a 70 cent quarterly dividend after its 7/5 ex-date.
American Express (AXP) - The credit card giant will dish out a 70 cent dividend after going ex-dividend on 7/5. Ratings are bullish despite limited upside forecasted.
Bristol-Myers Squibb (BMY) - The pharmaceutical heavyweight yields nearly 6% on a 60 cent quarterly payout for shareholders ahead of its 7/5 ex-date. But analysts are divided on the stock's prospects.
NetApp (NTAP) - This data storage firm has an ex-dividend date of 7/5 for its 52 cent per share distribution. NTAP gets "hold" ratings with just 0.4% upside predicted.
Sysco (SYY) - The major food distributor and its 2.92% dividend yield go ex-dividend on 7/5 for a 51 cent payment. Sysco is poised for a potential 22% rally, according to analysts.
Lennar (LEN) - One of the nation's largest homebuilders has an ex-dividend date of 7/5 for its 50 cent quarterly dividend. Despite housing pressures, Lennar earns "buy" ratings amid 22% projected upside.
Mark your calendars and initiate positions accordingly if any of these cash cows catch your eye. With markets gyrating, locking in reliable income streams has rarely been more crucial.
