Ex-Dividend Alert: ITW, CP, and DE Set to Trade Without Dividend Entitlement
Investors keeping an eye on dividend schedules should note that December 28, 2023, marks an important date for three prominent companies: Illinois Tool Works, Canadian Pacific Kansas City, and Deere. These companies, with their respective stock tickers ITW, CP, and DE, are set to go ex-dividend. Shareholders must purchase the stocks before the ex-dividend date to be eligible for the announced dividends.
Understanding Ex-Dividend Status
When a company declares a dividend, there is a specific timeline that includes an ex-dividend date. This is the day from which any new purchases of the stock will not come with the right to receive the most recently declared dividend. In other words, to receive the impending dividend payment, investors must hold the stock before the ex-dividend date. Trading on or after that date means the dividend will go to the seller, not the buyer.
About the Companies Going Ex-Dividend
Illinois Tool Works Inc. ITW is a well-known American industrial corporation involved in the production of a wide range of engineered fasteners, components, equipment, and specialty products. Meanwhile, Canadian Pacific Railway Limited CP, headquartered in Calgary, Canada, operates a major freight railway extending across Canada and into the United States. Finally, Deere & Company DE—marketed as John Deere—is a significant player in the agricultural, construction, and forestry machinery sector, also known for its diesel engines and various drivetrains for heavy machinery.
Impact on Shareholders
The ex-dividend status for these companies should be of interest to both current and prospective shareholders. Current investors who wish to receive the upcoming dividend must ensure they do not sell their shares before December 28. Prospective buyers interested in the dividends would need to complete their purchase transactions prior to the ex-dividend date to claim dividend entitlement.
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