High-Yield Dividends Looming: Four Stocks Face Ex-Dividend Deadlines
Four dividend stocks - Philip Morris International (PM), Bristol Myers Squibb (BMY), Sysco (SYY), and JPMorgan Chase (JPM) - have ex-dividend dates approaching, with the deadline to capture their upcoming payments being October 1 for PM, BMY, and SYY, and October 5 for JPM.
The companies will pay out $1.60 per share on October 26 for PM, $0.63 per share on November 2 for BMY, $0.55 per share on October 23 for SYY, and a raised payout of $1.65 per share on October 31 for JPM.
Philip Morris International's dividend coverage looks tight, with the forward dividend standing close to trailing diluted EPS of $7.29. Bristol Myers Squibb's yield leads this group at 3.99%, while Sysco's solid free cash flow is offset by a falling share price.
JPMorgan Chase has the lowest trailing yield among the four at 1.78%, but still offers ample room for dividend growth.