Dear Reader,
We have identified several tech stocks which are expected to go “Ex-Dividend” starting September 8th, 2022.
If you purchase a stock on its ex-dividend date or after, 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.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
So please keep this in mind.
Below is our latest Dividend Report:
Automatic Data Processing
Symbol: ADP
Recent Price: $238.48
Average Analyst Price Target: $243.43 (2.08%)
Market Cap: $99.09B
Expected Ex-Dividend Date: Sep 08 2022
Expected Payment Date: Oct 01 2022
Expected Dividend & Yield: 1.70%
Recent Analyst Action: Dan Dolev, analyst at Mizuho Securities, reiterates coverage on Automatic Data Processing (ADP) in the Technology sector with a Buy rating and a price target of $ 257 (1 month ago).
TipRanks.com also reports that Automatic Data Processing currently has 7 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $243.43 . The target pricing ranges from a high forecast of $280.00 down to a low forecast of $210.00. Automatic Data Processing (ADP)’s last closing price was $$238.48 which would put the average price target at 2.08% upside.Here are 3rd party ratings for ADP:
- TipRanks.com: Hold
- TradingView.com: n/a
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Buy, Top 16% (40 out of 252)
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Jack Henry & Associates
Symbol: JKHY
Recent Price: $191.19
Average Analyst Price Target: $196.33 (2.69%)
Market Cap: $13.94B
Expected Ex-Dividend Date: Sep 08 2022
Expected Payment Date: Sep 29 2022
Expected Dividend & Yield: 0.99%
Recent Analyst Action: David Togut, analyst at Evercore ISI, reiterates coverage on Jack Henry & Associates (JKHY) in the Technology sector with a Hold rating and a price target of $ 175 (2 weeks ago).
TipRanks.com also reports that Jack Henry & Associates currently has 9 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $196.33 . The target pricing ranges from a high forecast of $214.00 down to a low forecast of $175.00. Jack Henry & Associates (JKHY)’s last closing price was $$191.19 which would put the average price target at 2.69% upside.Here are 3rd party ratings for JKHY:
- TipRanks.com: Hold
- TradingView.com: n/a
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: buy
- Zacks.com: Sell, Top 37% (93 out of 252)
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Rogers Communication
Symbol: RCI
Recent Price: $42.57
Average Analyst Price Target: $57.55 (35.19%)
Market Cap: $21.86B
Expected Ex-Dividend Date: Sep 08 2022
Expected Payment Date: Oct 03 2022
Expected Dividend & Yield: 3.71%
Recent Analyst Action: Robert Bek, analyst at CIBC, reiterates coverage on Rogers Communication (RCI) in the Technology sector with a Buy rating and a price target of $ 57.22 (4 days ago).
TipRanks.com also reports that Rogers Communication currently has 9 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $57.55 . The target pricing ranges from a high forecast of $64.65 down to a low forecast of $50.96. Rogers Communication (RCI)’s last closing price was $$42.57 which would put the average price target at 35.19% upside.Here are 3rd party ratings for RCI:
- TipRanks.com: Strong Buy
- TradingView.com: n/a
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Hold, Top 33% (83 out of 252)
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Telus
Symbol: TU
Recent Price: $22.61
Average Analyst Price Target: $28.47 (26.18%)
Market Cap: $31.30B
Expected Ex-Dividend Date: Sep 08 2022
Expected Payment Date: Oct 03 2022
Expected Dividend & Yield: 4.57%
Recent Analyst Action: Maher Yaghi, analyst at Scotiabank, reiterates coverage on Telus (TU) in the Technology sector with a Buy rating and a price target of $ 25.94 (3 weeks ago).
TipRanks.com also reports that Telus currently has 6 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $28.47 . The target pricing ranges from a high forecast of $34.00 down to a low forecast of $25.86. Telus (TU)’s last closing price was $$22.61 which would put the average price target at 26.18% upside.Here are 3rd party ratings for TU:
- TipRanks.com: Strong Buy
- TradingView.com: n/a
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Hold, Bottom 38% (156 out of 252)
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Textron
Symbol: TXT
Recent Price: $61.85
Average Analyst Price Target: $83.14 (34.42%)
Market Cap: $13.08B
Expected Ex-Dividend Date: Sep 08 2022
Expected Payment Date: Oct 01 2022
Expected Dividend & Yield: 0.13%
Recent Analyst Action: Sheila Kahyaoglu, analyst at Jefferies, reiterates coverage on Textron (TXT) in the Technology sector with a Buy rating and a price target of $ 90 (3 weeks ago).
TipRanks.com also reports that Textron currently has 7 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $83.14 . The target pricing ranges from a high forecast of $90.00 down to a low forecast of $70.00. Textron (TXT)’s last closing price was $$61.85 which would put the average price target at 34.42% upside.Here are 3rd party ratings for TXT:
- TipRanks.com: Moderate Buy
- TradingView.com: n/a
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Hold, Top 37% (93 out of 252)
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And there you have it...
Keep in mind, if you purchase a stock on its ex-dividend date or after, 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.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
If you have questions about specific dividends, you should consult with your financial advisor or visit Investor.gov for more information.
Sincerely,
The Editor, techstockmovers.com
TechStockMovers.com keeps investors informed on a variety of tech stocks including communications equipment, IT Services, Semiconductors, Software, Technical hardware, storage and peripherals, artificial intelligence (AI), cybersecurity and more. (TSM) aggregates market data from top tier financial content providers like Barchart.com, Tipranks.com, TradingView.com, Yahoo! Finance, and Zacks.com.
