Ex-dividend dates are important to dividend investors since a stock must be purchased prior to its ex-dividend date in order for the investor to receive its upcoming payout. For more information, check out Everything Investors Need to Know About Ex-Dividend Dates.
Below, we highlight 4 big-name stocks going ex-dividend on Monday, May 11.
1. Exxon
Exxon (XOM ) offers a dividend yield of 3.15% based on Thursday’s closing price of $87.60 and the company’s quarterly dividend payout of 73 cents. The stock is down 5% year-to-date. Dividend.com currently rates XOM as “Neutral” with a DARS™ rating of 3.3 stars out of 5 stars.
2. Valero Energy
Valero Energy (VLO ) offers a dividend yield of 2.77% based on Thursday’s closing price of $57.79 and the company’s quarterly dividend payout of 40 cents. The stock is up 17% year-to-date. Dividend.com currently rates VLO as “Neutral” with a DARS™ rating of 3.3 stars out of 5 stars.
3. U.S. Steel
U.S. Steel (X ) offers a dividend yield of 0.84% based on Thursday’s closing price of $23.81 and the company’s quarterly dividend payout of 5 cents. The stock is down 11% year-to-date. Dividend.com currently rates X as “Neutral” with a DARS™ rating of 2.9 stars out of 5 stars.
4. Spectra Energy
Spectra Energy (SE) offers a dividend yield of 4.10% based on Thursday’s closing price of $36.09 and the company’s quarterly dividend payout of 37 cents. The stock has been flat year-to-date. Dividend.com currently rates SE as “Neutral” with a DARS™ rating of 3.4 stars out of 5 stars.
