Seven stocks to go ex-dividend this week: Check the details here

Highlights

• Dividend payments are a part of the profit that companies share with investors.
  
  
• A dividend is paid to shareholders who have the stock in their portfolio a day before the ex-dividend date kicks in.
  
  
• The dividend payment date is the date set by companies for paying dividends to shareholders.

Several companies have set their ex-dividend dates this week. These payouts may happen either this month or in October. Here we discuss seven such companies that have declared their ex-dividend and payment dates. 

JP Morgan Chase & Co. (NYSE:JPM) 

It is one of the largest financial institutions in the US and provides consumer banking, corporate and investment banking, asset and wealth management and commercial banking services. 

Its market capitalization is US$496 billion, and the P/E is 11.08. The dividend yield is 2.15%, and the annualized dividend is US$4.0. 

• Ex-Dividend Date – October 5, 2021
• Payment Date – October 31, 2021
• Dividend amount – US$1.00  

The stock closed at US$167.13 on Oct 1, 2021.

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OGE Energy Corp (NYSE:OGE) 

It is a holding company and provides regulated utility services, including electricity generation, transmission, and distribution through its subsidiary Oklahoma Gas and Electric.

Its market capitalization is US$6.69 billion; its P/E ratio is 16.89; its annualized dividend is US$1.64; and the dividend yield is 4.88%.

• Ex-Dividend Date – October 8, 2021
• Payment Date – October 29, 2021
• Dividend amount – US$0.41

The stock closed at US$33.0 on Oct 1, 2021.

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Horizon Bancorp, Inc. (NASDAQ:HBNC) 

It is a holding company and provides commercial and retail banking, trust and agency services, and credit facilities, including commercial, real estate, consumer loans, and other loans.

HBNC’s dividend yield is 2.81%, and its annualized dividend is US$0.60. Its market capitalization is US$814 million, with a P/E ratio of 9.65. 

• Ex-Dividend Date – October 7, 2021
• Payment Date – October 22, 2021
• Dividend amount – US$0.15  

The stock closed at US$18.53 on Oct 1, 2021.

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TTEC Holdings, Inc. (NASDAQ:TTEC) 

TTEC provides customer engagement management tools and services through TTEC Digital and TTEC Engage. The company is headquartered in Englewood, Colorado.

Its market capitalization is US$4.28 billion, its P/E ratio is 26.39, its dividend yield is 0.91%, and its annualized dividend is US$0.94.

• Ex-Dividend Date – October 7, 2021
• Payment Date – October 22, 2021
• Dividend amount – US$0.47.

Its closing price on Oct 1 was US$94.76.

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Intuit Inc. (NASDAQ:INTU) 

It is a technology company based in Mountain View, California. It provides accounting software, personal and professional tax solutions, etc., to small businesses.

It has a market capitalization of US$142 billion, with a dividend yield of 0.43% and annualized dividend of US$2.72. The company has a P/E ratio of 69.56.

• Ex-Dividend Date – October 7, 2021
• Payment Date – October 18, 2021
• Dividend amount – US$0.68

On Oct 1, 2021, the stock closed at US$543.97.

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Brady Corporation (NYSE:BRC) 

Brady Corporation is based in Milwaukee, Wisconsin. The company offers various workplace safety and healthcare products.

Its market cap of US$2.6 billion, and the company's P/E ratio is 20.48, the dividend yield is 1.73%, and the annualized dividend is US$0.90.

• Ex-Dividend Date – October 7, 2021
• Payment Date – October 29, 2021
• Dividend amount – US$0.225  

The closing price was US$50.74 on Oct 1.

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Verizon Communications Inc. (NYSE:VZ) 

Verizon earns revenue from the wireless business and is one of the largest US wireless carriers. The company is based in New York.

Verizon’s current market capitalization is US$225.3 billion. It has a P/E ratio of 11.27, a dividend yield of 4.62%, and an annualized dividend of US$2.56. 

• Ex-Dividend Date – October 7, 2021
• Payment Date – November 1, 2021
• Dividend amount – US$0.64  

The stock closed at US$54.3 on Oct 1, 2021.

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Bottomline

Investors looking for dividend payments must invest before the ex-dividend date –the transaction should complete at least a day before the ex-dividend date. Although dividends stocks look attractive, investors must apply due diligence before investing in the stock market.