HAPPY EX-DIVIDEND SEASON!

The upcoming share dividend season season has investors licking their lips.

So many high yielding stocks are scheduled to distribute their final dividends for the financial year. So many stocks will be going ex-dividend within such a short time between August and September. It will be a feeding frenzy This is especially so for dividend investors adjusting their portfolio of  high yield shares.

Search for Fully Franked shares with a short duration to the payment date.

This helps keep the cash-flow in black.

Why not fade high yielding stocks that have underperformed at the latest profit report on the ex-dividend date. This should be considered even if the stock has briefly shown positive momentum into he ex-dividend date.  In this way you can reduce market risk by hedging some of your long positions. You definitely need some hedging from current share market volatility, and pairs trading high dividend stocks around the ex-dividend date is a great way to gain this.

Sourcing a reliable guide to ex-dividend dates can be challenging. Try ShareDividends.com.au for not only a guide to upcoming dividends but also three other useful resources to help dividend investors and traders.

The dividend history of payments to all 2200 ASX stocks is available on the Dividend History page. The Dividend Forecast  tab provides a 4 year forecast of dividend per share (dps) and earnings per share (eps).

Perhaps best of all there is a unique stock screener using dividend and basic fundamental information. Investors can drill down by sector, stock price, yield and franking percentage to find stock picks which meet your criteria. This data should not be used on its own, but in concert with your other stock selecting tools.

Manage risk by either shorting  the S&P200 index via options, futures, ASX mini’s or barrier warrants, or using a stop. Stops need to be wide due to existing market volatility.