Dividends can instantly make a stock attractive to an investor. While stock price movements are largely uncertain, dividends almost always come with a guarantee. That is what makes dividend stocks a source of stability in a diversified portfolio.
The ex-dividend date signifies the date on which investors buying the stock would not be eligible to receive the dividend. Consider it a cutoff date for dividends after which owning the stock would not entitle you to the next dividend.
Here are some stocks with their ex-dividend dates in early July.
Gap Inc. (NYSE: GPS)
Gap is a retailer of apparel and accessories and operates through offline and online modes. More than half of the sales for Gap are generated through Old Navy.
For the first quarter of fiscal 2023, Gap reported net sales of US$ 3.28 billion, lower 6% on a year-on-year basis. The cash and cash equivalents for Q1 FY23 were US$1.2 billion by the end of the quarter. It paid a dividend of US$ 0.15 per share for the quarter.
The ex-dividend date for Gap is July 5, 2023.
Whitestone REIT (NYSE: WSR)
As the name suggests, Whitestone is an REIT that focuses on owning and operating commercial properties. Its properties also include retail and office complexes.
Whitestone reported a total revenue of US$ 35.85 million for the March 2023 quarter, compared to US$ 34.1 million for the first quarter of 2022. The net income to common shareholders was US$ 3.8 million for the quarter.
The REIT company announced a monthly dividend of US$ 0.04 per share on the common shares for July, August, and September.
The ex-dividend date is July 5, 2023.
Helios Technologies Inc. (NYSE: HLIO)
Helios operates in the electronics and hydraulics markets. The company’s products help complete hydraulic systems, and they are used across industrial and mobile, recreational and wellness areas.
Helios’ net sales for the first quarter of 2023 were 11% lower on a year-on-year basis at US$ 213.2 million. The gross profit was also lower for the quarter at US$ 71 million, as against US$ 83.6 million in Q1 2022. At the same time, Helios reported a 36% increase in its health and wellness market and consolidated margin growth.
Helio announced a dividend of US$ 0.09 per common share for the upcoming quarter.
The ex-dividend date is July 5, 2023.
