Over at Bespoke Premium we just published our September Dividend Screen, which highlights the yields and ex-dates for every dividend paying stock in the Russell 3,000. From the report, we pulled the highest yielding S&P 500 stocks going ex-dividend over the next month and ran them through our popular trading range screen, which allows you to quickly analyze each stock's recent momentum and overbought/oversold levels.
Windstream (WIN) is the highest yielding S&P 500 stock going ex over the next month at 9.35%, followed by Verizon (VZ), Safeway (SWY) and DTE Energy (DTE). Other notables on the list include Philip Morris Intl (PM), Staples (SPLS), Merck (MRK), General Electric (GE), Dell (DELL), Cisco (CSCO) and Deere (DE).
Windstream is the highest yielder on the list, but it's also the most overbought at the moment, so an entry at these levels is not favorable. Stocks that may be worth taking a look at are the ones trading in neutral or oversold territory that have seen upside momentum over the last week.
(Remember, to receive a dividend, you have to own the stock at the close on the day before the ex-dividend date.)
Copyright © Bespoke Investment Group
