7 Ex-Dividend stocks on December 18, 2012 – (TOFC, TIF, SUNS, MAIN, LVS, CNH, ARCO)

You may not know that the Ex-dividend Date is one of the most important dates to remember for dividend paying stocks. If an investor purchases a stock ahead of the Ex-dividend Date, and do not sell before that date and is a stockholder on the Record Date then he will receive the most recently announced dividend payment. You must know that when you buy or sell stock; there is usually two-day settlement (two stock trading days) on all buys and sell stock transaction orders.

There is a minimum holding requirement of two stock trading days ahead of the Record Date and one day trading day prior to the Ex-dividend Date in order to be entitled to the upcoming stock dividend payment. Anyone who sells on or after the Ex-dividend Date will also be eligible to receive the upcoming dividend. Each day, a list of stocks reach ex-dividend or trade without dividends but for now we have picked stocks set to go ex-dividend on December 18, 2012.

Tower Financial Corporation (NASDAQ:TOFC) maintains an annual dividend yield of 1.82% and a payout ratio of 3.61%. The stock over the last 52 weeks has been trading in a range of $7.98 – $12.77. Its market capitalization stands at $59.11 million. TOFC operates as the holding company for Tower Bank & Trust that provides commercial and consumer banking services in the metropolitan areas of Fort Wayne.

Tiffany & Co. (NYSE:TIF) through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. Tiffany & Co has an annual dividend yield of 2.20% and keeps a payout ratio at 37.29%. The stock in the prior 52 weeks has been trading between $49.72 – 74.20. The company is valued at $7.36 billion.

Solar Senior Capital Ltd (NASDAQ:SUNS) currently holds a yearly dividend yield of 7.82%. The stock has traded between $15.26 – $181.53 in the past 52 weeks and has a market capitalization of $171.19 million.

Main Street Capital Corporation (NYSE:MAIN) is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies. Main Street Capital Corporation has a dividend yield of 6.23%. The stock in the past 52 weeks has been floating in the range of $19.80 – $30.98. The company’s market capitalization stands at $915.21 million.

Las Vegas Sands Corp. (NYSE:LVS) has an annual dividend yield of 2.16%. The stock has traded between $34.72 and $62.09 in the last 12-months. Its market capitalization is now at $8.08 billion. LVS together with its subsidiaries, owns, develops, and operates various integrated resort properties primarily in the United States, Macau, and Singapore.

CNH Global NV (ADR) (NYSE:CNH) The stock in the previous 52 weeks has been hovering in range of $34.36 – $49.50. The company is worth $11.86 billion.

Arcos Dorados Holding Inc (NYSE:ARCO) has a dividend yield of 1.91%. The stock in the past 52 weeks has been floating in the range of $10.53 – $22.99. The company’s market capitalization stands at $2.62 billion.

Disclosure: The views and opinions expressed in this article are exclusively those of the authors who have no stake in any stocks mentioned, and hold no plan to acquire any stake within the next 5 days.