Dividend Calendar

Dividend calendars are important tools to any investor and they’re indispensable to any serious investor or one who relies on dividends as an important source of income. Not every company produces a dividend calendar as such but most larger corporations do and several on-line news and financial publishers have them too. There are in fact two major tissues that the Dividend Calendar addresses. The first and more important to most investors is the date on which dividends will acutely be paid and the issue which is more important to those investors who’re interested in trading rather than income from stock holdings, is the date when the share will go “ex-dividend”. The “ex-dividend” date is when any dividend that’s payable to a traded share will still go to its old owner rather than the new one. The price of such stock often falls on the day its goes ex-d because anybody buying it will now will have to wait until the next dividend becomes due before seeing any income. For both buyers and sellers, it’s a careful balancing act required in making the decision as to whether to sell before or after. Investing in the stock market for an individual has been described as trying to out anticipate the professional anticipators and this issue exemplifies that. The question is really by how much the stock will fall - would the higher price taken prior to going ex-dividend be sufficient to make up for the loss of the dividend itself? Obviously, for those investors living on income from stock holdings, the dividend payment dates are vital. There’s long been a belief that anybody who has stocks must be infinitely wealthy but nothing is further from the truth. Quite often, people who’re dependent on investment in business for their income are living from pay day to pay day like those who get a monthly pay check from an employer. Unlike an employed person, they’re at the mercy of the vagaries of the markets and a reduced dividend payment for whatever reason can result in real hardship. It can’t be easy having to watch the calendar and hope that the next dividend payment is on time to cover a credit card statement. Dividend calendars are available in plenty on the internet. Generally they require subscription which will vary depending on the amount of service provided. Some internet dividend calendars are quite comprehensive

- they’ll cover Canadian as well as US companies, trusts that pay dividends and mutual funds too. These calendars consolidate the information from the various financial sources and present it in a data format. Usually, the information is presented in multiple formats giving dates of dividend payments due, forthcoming ex-dividend dates, maturity dates for time limited bonds etc. The information is likely to be presented with things that are going to happen within the next few days, the next few weeks and the next few months. For either a serious investor or somebody who needs the calendar information for peace of mind, the $25 or $30 each month is probably a sound investment in itself.