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I’ve been doing weekly investing in the stock market for the past six weeks, transferring one of my savings accounts with a negligible yield over into a broad portfolio of dividend-paying stocks. In buying these stocks, I’ve been mostly watching the yields, stock grades and potential quarterly dividend increases through reinvestment. Something I should have been paying more attention to are the ex-dividend dates for these stocks, because if I purchase the stocks on or after the ex-dividend date, I don’t receive any dividends until the following quarter. The ex-dividend date (also known as the reinvestment date) usually follows the date in which the company that’s paying the dividends declares the dividend amount for the quarter by a week or two. Then they pay out the dividends declared at some point usually two weeks to a month after the ex-dividend date. By making my portfolio fairly broad, I’ve only missed a few of the ex-dividend dates in stocks that I’ve purchased, but unfortunately one of the ones I did miss is one of the highest yielding stocks that I’m investing in. They posted their ex-dividend date right before I started investing in the company, and I’ve put quite a bit in since then. They’re also a REIT (Real Estate Investment Trust) that’s subject to slightly fluctuating dividend payout rates, so I’m hoping for a similar payout as last quarter or a higher one like there was the quarter before. You could say that I’m sort of fumbling towards financial freedom and hoping not to step in too many sinkholes. Like I said before, I’ve been analyzing what the stocks have done over the years and whether or not they’ll be good investments with promising returns rather than when said returns will actually occur. I did go through last weekend and check all of the payout dates, without paying attention to when the ex-dividend dates were declared. I noticed something was amiss when a couple of the stocks that I have had already passed the date in which dividends were supposed to be payed out, so I’ve got to wait until next quarter to get the reinvestment ball rolling on those. Something I’m going to do this weekend is go through my stocks again and check all the ex-dividend dates and dividend declaration dates for last quarter and do my best to predict the one for the next quarter if they haven’t already been posted. It shouldn’t be too hard to do since they generally do them every 90 days, so that’s what I’m going to go by. One good thing I’ve noticed is that the stocks I’ve picked have a fairly broad payout range, so I’ll be getting dividends to reinvest from June 15th to August 15th, not to mention one that pays out on Friday. Aside from that one paying out on Friday, I’ve got a while to wait before things start rolling for me on the reinvestment front, but I’ve still got quite a bit left in that savings account that I’m clearing out and I can’t wait to start watching my investments really grow! Discuss this post at [The Forum of Jason Vincion]! Posted on May 12th, 2010. |
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