Dividend Darlings: 8 Sizzling Tickers to Ignite Your Income Stream

• By Staff Editor
• Jul 09 2024

If you're an income investor searching for that next sustainable dividend payer to juice your returns, you'll want to park those wandering eyes right here. We've identified 8 tantalizing tickers sporting lucrative dividend payouts and imminent ex-dividend dates effectively placing a firm expiration on your chance to claim their next distribution.

Procrastinators be warned - once these key calendar dates arrive, any newly purchased shares won't qualify you for the company's upcoming dividend bonanza. So it's carpe diem time for this diverse collection of dividend dynamos spanning industrials, banking, tech, and more.

Let's explore the need-to-know details for each of these income opportunities before that closing dividend window slams shut:

IDEX Corporation (IEX) - $0.69 quarterly dividend
With its ex-dividend date of July 12th rapidly approaching, industrial leader IDEX offers a tempting $0.69 per share quarterly dividend. At recent prices, that works out to an appetizing 1.41% projected annual yield from this diversified manufacturing titan.

Bank OZK (OZK) - $0.40 quarterly dividend
Regional lender OZK will stop qualifying new investors for its bountiful $0.40 per share distribution after July 12th. Current pricing suggests a stellar 3.90% annualized yield awaits income seekers nimble enough to establish a position beforehand.

TD SYNNEX Corporation (SNX) - $0.40 quarterly dividend
IT solutions distributor SYNNEX won't be sharing its $0.40 quarterly dividend riches with any latecomers still on the outside looking in come July 12th. Investors need to act quickly to partake in this industry leader's projected 1.44% annual yield bonanza.

PennyMac Mortgage Investment Trust (PMT) - $0.40 quarterly dividend
For investors craving robust current income, mortgage REIT PMT beckons with a massive $0.40 per share payout awaiting those on board prior to July 12th. At today's prices, that translates into an eye-popping 11.58% forward annualized yield!

Science Applications International (SAIC) - $0.37 quarterly dividend
Government IT services contractor SAIC cuts off its $0.37 quarterly dividend stream to new buyers after July 12th. Moving swiftly allows locking in an estimated 1.31% annual yield from this consistent profit machine.

The Buckle (BKE) - $0.35 quarterly dividend
Apparel retailer Buckle's enticing $0.35 per share dividend only remains accessible to shareholders recording positions before July 12th. Qualifying investors can look forward to a steady 3.90% yearly yield from this proven retail concept.

BankUnited (BKU) - $0.29 quarterly dividend
Regional bank holding company BankUnited's $0.29 quarterly dividend goes ex-dividend on July 12th. Savvy income mavens getting in under the wire can bank on a respectable 3.92% annualized yield from this financial services play.

América Móvil (AMX) - $0.26 semi-annual dividend
For those viewing AMX through a global income lens, the Mexican telecom giant's semi-annual $0.26 dividend applies a firm July 12th entry deadline. Buy in time to capture the attractive 2.89% annualized yield on offer.

Across this basket of picks, one common thread ties them together - dividend durability. Even during lean economic periods, each underlying business model has proven its ability to continue rewarding loyal stockholders with consistent recurring payouts.

From well-capitalized banks to diversified industrial manufacturers, these time-tested firms boast ample profit streams and sturdy balance sheets theoretically capable of sustaining their dividend programs indefinitely (although of course, future payouts are never officially guaranteed).

Furthermore, many of these names hail from traditionally defensive sectors like consumer staples and utilities, further insulating them from cyclical earnings swoons that might jeopardize a dividend inadvertently.

Still, those coveted dividend distributions won't remain accessible indefinitely. As we've stressed, any purchases connected to these stocks AFTER July 12th will simply miss the boat for the next slated payout.

So for confirmed income fans intent on supplementing their portfolio's cash flow, these 8 corner opportunities represent a "use it or lose it" proposition. Their proverbial 15 minutes of dividend fame are rapidly expiring!

While chasing yield in perpetuity breeds portfolio bloat for its own sake, regularly recycling into fresh dividend payers extending that recurring revenue stream is just plain prudent strategy. It promotes disciplined buying and selling while eliminating complacent dividend stock ownership.

The takeaway? Be proactive about identifying your next round of dividend holdings BEFORE distribution cut-off dates slam the door shout. Focus on fundamentally robust names exhibiting attractive annual yield and intermittent dividend growth prospects. Always monitor payout coverage ratios and underlying business strength, staying vigilant against potential payout cuts or cancellations.

But also don't ignore blinking opportunities offering limited-time entry into an immediately commencing dividend cycle. For income investors engineering slowly compounding wealth escalators, these scheduled ex-dividend dates essentially schedule the arrival of your next cash flow payload.

The ball is now squarely in your court to pinpoint which, if any, of these highlighted dividend stocks deserve your investment dollars before it's too late. Just remember - once that looming July 12th ex-dividend deadline expires, the payment window shuts abruptly.

• Tags
• Dividend
;