3 Dividend Stocks Ready to Pay You – If You Buy Them This Week

Three well-known dividend payers stock a azygous deadline this week. SiriusXM (NASDAQ:SIRI), American Electric Power (NASDAQ:AEP), and Timberland Bancorp (NASDAQ:TSBK) each spell ex-dividend connected Monday, August 10. To cod the upcoming outgo connected immoderate of them, shares indispensable beryllium owned by the adjacent of Friday, August 7.

Here's what you request to cognize to cod the distributions. To person a dividend, you indispensable clasp shares earlier the ex-dividend date. Buy connected August 7 oregon earlier and you're eligible; bargain connected August 10 oregon aft and the seller keeps that payout.

Don't presume that this is "free money." On the ex-date, the banal typically opens little by astir the dividend amount, truthful this is truly astir eligibility for the cash. Still, determination are immoderate intriguing income opportunities here, truthful consciousness escaped to cheque retired these 3 dividend stocks today.

SiriusXM (SIRI)

SiriusXM banal pays a quarterly dividend of $0.27, oregon $1.08 annualized, for a output of 3.56%. The ex-date is August 10, truthful shares indispensable beryllium bought by August 7 to suffice for the August 26 payment. SiriusXM's trailing EPS of $2.49 comfortably covers the $1.08 payout, and the trailing P/E ratio is 12.35x, truthful connected an net ground the dividend looks well-supported.

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The caveat is the concern itself. SiriusXM has been moving done subscriber unit successful its halfway outer work and carries meaningful semipermanent indebtedness of $9.45 billion, though escaped currency travel has been climbing and absorption raised full-year guidance aft Q2. SiriusXM banal is up 49% implicit the past year, truthful the payout is covered connected earnings, though the communicative remains a turnaround successful progress.

American Electric Power (AEP)

American Electric Power banal offers a quarterly dividend of $0.95, precocious lifted from $0.93, for an annualized $3.80 and a output of 2.95%. The ex-date is August 10, truthful the buy-by day is August 7, and this 1 pays connected September 10, not successful August. AEP's trailing EPS is $5.77 against a $3.80 payout, and the trailing P/E ratio sits astatine 22.24x. That payout ratio is elevated but mean for a regulated electrical inferior backing a ample superior plan.