Earnings season has come and gone as the number of companies reporting will continue to taper off through the end of the year. From the calendar in our Earnings Explorer tool, the highest number of reports we will see for any given day for the rest of the year is 42 reports on December 5th. With most companies having reported, a large number will now now trade ex-dividend in the coming weeks. In the S&P 500 alone, of the 424 stocks in the S&P 500 that pay a dividend, 149 are scheduled to trade ex-dividend between now and the end of the year. As shown in the chart below, this week will actually be one of the busiest with 49 companies trading ex-dividend. Two weeks from now (the week ending 12/13) will be the second busiest with 41 before the holidays bring things to a crawl.
Below we show the 25 highest yielding stocks that are scheduled to trade ex-dividend before the new year. Major, but beaten down, retailers like Macy’s (M), Kohl’s (KSS), and Nordstrom (JWN) make the list with M boasting the highest yield of 9.65%. Next down on the list is Occidental Petroleum (OXY) with a yield of 7.91%.
Remember, to capture a dividend, you have to own shares as of the last close prior to the ex-dividend date.
Although the high yields for some stocks like Macy’s (M) and Occidental (OXY) are high due to extended downtrends, a number of these high yielders actually posses fairly attractive charts. Below we highlight a handful that have all traded in uptrends over the past few months. For some, like CenturyLink (CTL), Iron Mountain (IRM), and Las Vegas Sands (LVS), these recent uptrends have allowed the stocks to either break out or at least get close to doing so. In the case of LVS, the past few sessions have even seen a successful retest of this downtrend. LyondellBasell (LYB) is another name that has also successfully held support while Kimco (KIM), Newell Brands (NWL), and Weyerhaeuser (WY) are each in uptrends and currently have “Good” timing scores in our Trend Analyzer. For clients with access, we have also created a custom portfolio of the 25 stocks listed above so that you can easily track them. Looking for access to our Trend Analyzer, Earnings Explorer, and all of our research? Start a two-week free trial to Bespoke Institutional today.