Dividends are an effective income generation tool for both short- and long-term investors. To capitalize on dividends, investors must ensure that they purchase the stock before the ex-dividend date and hold the stock through this period. Payments for dividends usually occur two to six weeks after the Ex-Date. For more information, check out Everything Investors Need to Know About Ex-Dividend Dates.
1. The Bank of Nova Scotia
The Bank of Nova Scotia (BNS ) offers a dividend yield of 4.96% based on yesterday’s closing price of $44.08 and pays a dividend of $2.19. The stock is down 29.71% from its 52-week high. Dividend.com currently rates The Bank of Nova Scotia as “Recommended”, with a DARS™ rating of 3.5 stars out of 5 stars.
2. The Toronto-Dominion Bank
The Toronto-Dominion Bank (TD ) offers a dividend yield of 3.88% based on yesterday’s closing price of $39.42 and pays a dividend of $1.53. The stock is down 22.77% from its 52-week high. Dividend.com currently rates The Toronto-Dominion Bank as “Recommended”, with a DARS™ rating of 3.5 stars out of 5 stars.
3. JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM ) offers a dividend yield of 2.89% based on yesterday’s closing price of $60.97 and pays a dividend of $1.76. The stock is down 13.65% from its 52-week high. Dividend.com currently rates JPMorgan Chase & Co. as “Neutral”, with a DARS™ rating of 3.2 stars out of 5 stars.
4. Quest Diagnostics Inc.
Quest Diagnostics Inc. (DGX ) offers a dividend yield of 2.47% based on yesterday’s closing price of $61.47 and pays a dividend of $1.52. The stock is down 30.93% from its 52-week high. Dividend.com currently rates Quest Diagnostics Inc. as “Neutral”, with a DARS™ rating of 3.1 stars out of 5 stars.
5. Dynex Capital Inc.
Dynex Capital Inc. (DX ) offers a dividend yield of 14.63% based on yesterday’s closing price of $6.56 and pays a dividend of 96 cents. The stock is down 24.34% from its 52-week high. Dividend.com currently rates Dynex Capital Inc. as “Neutral”, with a DARS™ rating of 3.0 stars out of 5 stars.
