There are hundreds of companies that consistently pay dividends in US stock markets. They do not necessarily pay these dividends at the same time and there are certain conditions that need to be fulfilled to be eligible to receive these dividends.
What is dividend?
“A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors.”
- Investopedia
With other words, companies share some of their earnings with their shareholders by paying dividends (often in the form of money).
Long story short, for each dividend payment, there are 2 key dates (apart from other relevant dates)..
Pay Date: The day when the company pays dividends.
Ex-Dividend Date: You must purchase your shares before the Ex-Dividend Date and you must be holding them when the market opens on this date, to be able to get the upcoming dividend payment.
Example for Company XYZ that pays quarterly dividends:
Pay Date: 2022-09-20
Ex-Dividend Date: 2022-09-05
If you buy your shares before 2022-09-05, you get the dividend payment from Company XYZ on 2022-09-20. If you happen to buy your shares on the Ex-Dividend Date or any day after, you will not be eligible for the dividend payment on 2022-09-20 but will get the next dividend payment as long as you hold your shares until the next Ex-Dividend Date.
I've developed a stock market app, which aims to be the Swiss knife by providing several tools for traders & investors. The app is available in both Apple App Store and Google Play Store with the title “Stock Screener & Swing Trading”.
I would like to emphisize the Dividend Tracker function in this post, which helps track upcoming dividend payments.
Dividend Tracker groups companies based on their Ex-Dividend Dates, being either in 1 Week, 1 to 2 weeks, 2 to 3 weeks, 3 to 4 weeks, or more than 4 weeks. By following the list of companies that are about to pay dividends in the near future, you can organize your dividend investments in a more organised way.
The Dividend Tracker section also provides information for dividend amount, dividend yield, trailing twelve months dividend, dividend pay out ratio (which fraction of their earnings they pay as dividend), and some more parameters that are relevant to dividend payments.
I haven’t seen it anywhere that organises and lists upcoming dividend payments in the way that my app does, I wanted to share it here. I hope it helps people who track and invest in dividends.
Thanks for sharing. Really interesting that you've focused on dividend scheduling which is something I haven't quite seen anywhere else. The app also mentions stock prediction using AI - do you have more details about it?
Thanks for your comment.
Yes, AI predictions is yet another function within the app. These predictions focus on short term price movements of common stocks. It does not predict the price itself but aims to have an educated guess on whether the price will go up or down in the coming month. If the prediction is >50%, the price is expected to go up, otherwise a price decrease is expected. A separate prediction is made available for each common stock, and predictions are updated on each market day as more data is collected from markets. 2 different short list of stocks (one for penny stocks only, and one for the rest of the stocks) having the highest algorithmic price increase likelihood are made available as well on each day. As the prediction confidence gets closer to 100% (or 0%), the algorithmic expectation for a price increase (or decrease) gets higher for the stock. For these short listed stocks with highest price increase likelihood, sell target and stop loss figures are shared as well, which are determined based on recent volatility of each stock. (In case you are interested in technicalities, I have used LSTMs as the AI algorithm, which is a type of sequence models that considers in which order things happened in the past when generating predictions.) Worth to note that predictions are indicative, and should be evaluated by also considering technical indicators, financials of the company and even latest news, which are all also available within the app. On each page, if you press on the ? (which is at top right corner), you can find more information on how to use each function within the app.
I hope this answers your question. Thanks again for your feedback.
Can it perform income calculations based on number of shares held ? I currently use an app called DivCalc for this since I’ve recently been interested in income investing. Just curious!
Thank you for your comment.
No, it unfortunately does not perform income calculations as of now. But thank you for your feedback, it would absolutely be a good complement to the dividend tracker functionality. It really took its time to structure all dividend payer companies, I surely add your feedback to the backlog as well.
May be worth to mention as a side note..
It is possible to add any stock (or ETF) to your watch list within the app.
In the Stock Screener section of the app, it is also possible to short list stocks. Example: You can filter stocks that have a dividend yield > 2%, and have an ex-dividend date that is within the next 1 month.
Hey! Love the idea! Do you have any plans for incorporating back-dates dividends for investment research purposes? For instance, id love to see Coca-Colas historical dividends.
What is dividend? “A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors.” - Investopedia With other words, companies share some of their earnings with their shareholders by paying dividends (often in the form of money).
Long story short, for each dividend payment, there are 2 key dates (apart from other relevant dates).. Pay Date: The day when the company pays dividends. Ex-Dividend Date: You must purchase your shares before the Ex-Dividend Date and you must be holding them when the market opens on this date, to be able to get the upcoming dividend payment.
Example for Company XYZ that pays quarterly dividends: Pay Date: 2022-09-20 Ex-Dividend Date: 2022-09-05 If you buy your shares before 2022-09-05, you get the dividend payment from Company XYZ on 2022-09-20. If you happen to buy your shares on the Ex-Dividend Date or any day after, you will not be eligible for the dividend payment on 2022-09-20 but will get the next dividend payment as long as you hold your shares until the next Ex-Dividend Date.
I've developed a stock market app, which aims to be the Swiss knife by providing several tools for traders & investors. The app is available in both Apple App Store and Google Play Store with the title “Stock Screener & Swing Trading”.
I would like to emphisize the Dividend Tracker function in this post, which helps track upcoming dividend payments. Dividend Tracker groups companies based on their Ex-Dividend Dates, being either in 1 Week, 1 to 2 weeks, 2 to 3 weeks, 3 to 4 weeks, or more than 4 weeks. By following the list of companies that are about to pay dividends in the near future, you can organize your dividend investments in a more organised way. The Dividend Tracker section also provides information for dividend amount, dividend yield, trailing twelve months dividend, dividend pay out ratio (which fraction of their earnings they pay as dividend), and some more parameters that are relevant to dividend payments.
I haven’t seen it anywhere that organises and lists upcoming dividend payments in the way that my app does, I wanted to share it here. I hope it helps people who track and invest in dividends.