Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its upcoming dividend payout. For more information, check out Everything Investors Need to Know About Ex-Dividend Dates.
Below we highlight three big-name stocks going ex-dividend on Thursday, April 16.
1. Caterpillar
Caterpillar (CAT ) offers a dividend yield of 3.37% based on Tuesday’s closing price of $83.00 and the company’s quarterly dividend payout of 70 cents. The stock is down 9% year-to-date. Dividend.com currently rates CAT as “Neutral” with a DARS™ rating of 3.2 stars out of 5 stars.
2. Hormel Foods
Hormel Foods (HRL ) offers a dividend yield of 1.72% based on Tuesday’s closing price of $58.12 and the company’s quarterly dividend payout of 25 cents. The stock is up 12% year-to-date. Dividend.com currently rates HRL as “Neutral” with a DARS™ rating of 3.4 stars out of 5 stars.
3. Graco
Graco Inc. (GGG ) offers a dividend yield of 1.69% based on Tuesday’s closing price of $71.02 and the company’s quarterly dividend payout of 30 cents. The stock is down 11% year-to-date. Dividend.com currently rates GGG as “Neutral” with a DARS™ rating of 3.4 stars out of 5 stars.
