Here is a current overview of the best yielding stocks that have their ex-dividend date on the next trading day. So if your broker settles your trade today, you will receive the next dividend. A full list of all stocks with ex-dividend date can be found here: Ex-Dividend Stocks on Oct. 16, 2012. In total, four stocks and preferred shares go ex-dividend — of which one yields more than 3 percent. The average yield amounts to 3.07%.

The ex-dividend date is a major date related to the payment of dividends. If you purchase a stock on its ex-dividend date or later, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend. It is important that your broker settles your trade before the ex-dividend date.

These are the results of the best yielding ex-dividend stocks:

Capstead Mortgage (CMO) has a market capitalization of $1.23 billion and operates within the REIT - Diversified industry. These are the market ratios of the company: P/E Ratio: 7.31, Forward P/E Ratio: 7.87, P/S Ratio: 4.74, P/B Ratio: 0.82, Dividend Yield: 11.58%.

WD-40 Company (WDFC) has a market capitalization of $816.82 million and operates within the Specialty Chemicals industry. These are the market ratios of the company: P/E Ratio: 22.99, Forward P/E Ratio: 20.29, P/S Ratio: 2.34, P/B Ratio: 4.44, Dividend Yield: 2.24%.

Zep (ZEP) has a market capitalization of $316.10 million and operates within the Cleaning Products industry. These are the market ratios of the company: P/E Ratio: 14.63, Forward P/E Ratio: 10.73, P/S Ratio: 0.48, P/B Ratio: 1.88, Dividend Yield: 1.10%.

Acuity Brands (AYI) has a market capitalization of $2.61 billion and operates within the Diversified Electronics industry. These are the market ratios of the company: P/E Ratio: 22.47, Forward P/E Ratio: 14.69, P/S Ratio: 1.35, P/B Ratio: 3.07, Dividend Yield: 0.84%.

How Safe Are Your Dividends?

The most important thing for income investors is to make sure their dividends are safe. Check to see if your dividend stocks are also in the portfolios of investment Gurus.

Click Here to See the Top Guru Dividend Stocks

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