Last Chance for Dividend Hunters: Top Stocks to Buy Before Ex-Date
As the dividend season kicks into high gear in the US, investors are actively seeking companies that are generous in sharing their profits. Let's dive into three standout companies, each approaching their last day to buy shares eligible for dividends, which is just around the corner.
Leading the pack, we have Barclays (NYSE:BCS) and International Business Machines (NYSE:IBM), both catching the eye with their promising dividend yields. While Barclays impresses with an attractive 5.09% yield, IBM follows closely behind with a solid 4.63% yield. IBM's long-term dividend performance is particularly noteworthy, boasting a consistent track record of rewarding investors for an impressive 27 years.
But that's not all; another company stepping up to share its profits is Dorian LPG (NYSE:LPG), offering a remarkable $1 per share dividend, translating to an outstanding 13.54% dividend yield. With a robust dividend payout ratio of 127.92%, its commitment to investors is crystal clear.
With dividend opportunities abound, these three companies are certainly ones to watch as the clock ticks down to the last day to grab shares eligible for dividends.
Shifting our focus to Barclays' recent quarterly results, which were unveiled on July 27, we observed positive numbers overall. However, on the day of the announcement, the stock price dipped just over 5%.
This decline could be linked to the revision of interest margin forecasts, dropping from 3.2% to 3.15%, which suggests a possible peak. Nevertheless, Barclays remains an enticing option, especially considering its above-average fair value ratio.
Source: InvestingPro
When it comes to dividends, mark your calendars for August 10, as it's the last day to buy shares and be eligible for the
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