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 seven big-name stocks going ex-dividend on Wednesday, October 1.
1. Toronto-Dominion Bank
Toronto-Dominion Bank (TD
) offers a dividend yield of 3.81% based on Monday’s closing price of $49.31 and the company's quarterly dividend payout of 47 cents. The stock is up 6.51% year-to-date. Dividend.com currently rates TD as “Recommended” with a DARS™ rating of 3.5 stars out of 5 stars.
2. American Express
American Express (AXP) offers a dividend yield of 1.18% based on Monday’s closing price of $87.95 and the company's quarterly dividend payout of 26 cents. The stock is down 1.68% year-to-date. Dividend.com currently rates AXP
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