Quick Read
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SiriusXM and American Electric Power both go ex-dividend August 10, offering yields of 3.56% and 2.95% with earnings comfortably covering both payouts.
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AEP’s commercial load climbed 15% on data-center demand, backing a $78 billion capital plan and 7%-9% annual earnings growth through 2030.
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Timberland Bancorp issues its 55th consecutive quarterly dividend August 24, with $4.05 EPS covering a $1.12 annual payout at just 11x earnings.
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Three well-known dividend payers share a single deadline this week. SiriusXM (NASDAQ:SIRI), American Electric Power (NASDAQ:AEP), and Timberland Bancorp (NASDAQ:TSBK) all go ex-dividend on Monday, August 10. To collect the upcoming payment on any of them, shares must be owned by the close of Friday, August 7.
Here’s what you need to know to collect the distributions. To receive a dividend, you must hold shares before the ex-dividend date. Buy on August 7 or earlier and you’re eligible; buy on August 10 or after and the seller keeps that payout.
Don’t assume that this is “free money.” On the ex-date, the stock typically opens lower by roughly the dividend amount, so this is really about eligibility for the cash. Still, there are some intriguing income opportunities here, so feel free to check out these three dividend stocks today.
SiriusXM (SIRI)
SiriusXM stock pays a quarterly dividend of $0.27, or $1.08 annualized, for a yield of 3.56%. The ex-date is August 10, so shares must be bought by August 7 to qualify for the August 26 payment. SiriusXM’s trailing EPS of $2.49 comfortably covers the $1.08 payout, and the trailing P/E ratio is 12.35x, so on an earnings basis the dividend looks well-supported.
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The caveat is the business itself. SiriusXM has been working through subscriber pressure in its core satellite service and carries meaningful long-term debt of $9.45 billion, though free cash flow has been climbing and management raised full-year guidance after Q2. SiriusXM stock is up 49% over the past year, so the payout is covered on earnings, though the story remains a turnaround in progress.
American Electric Power (AEP)
American Electric Power stock offers a quarterly dividend of $0.95, recently lifted from $0.93, for an annualized $3.80 and a yield of 2.95%. The ex-date is August 10, so the buy-by date is August 7, and this one pays on September 10, not in August. AEP’s trailing EPS is $5.77 against a $3.80 payout, and the trailing P/E ratio sits at 22.24x. That payout ratio is elevated but normal for a regulated electric utility funding a large capital plan.