Below are the approximate ex-dividend dates for August for companies that appeared on our Dividend Achiever Watch List from this week. If you happen to be researching these companies for potential investment, it would be advisable to consider the ex-dividend date prior to possible purchases. Owning the shares of the company that you're interested in before the ex-dividend date entitles you to the upcoming dividend payment. Owning the shares on or after the ex-dividend date means that you would have to wait at least three months before receipt of the next dividend payment.
| Symbol | Name | Ex-Div Date |
| FII | Federated Investors, Inc. | 8/3/2010 |
| PFE | Pfizer, Inc. | 8/3/2010 |
| CWT | California Water Service Group | 8/4/2010 |
| XOM | Exxon Mobil | 8/9/2010 |
| WMT | Wal-Mart Stores, Inc. | 8/10/2010 |
| WAG | Walgreen Company | 8/16/2010 |
| DNB | Dun & Bradstreet | 8/24/2010 |
| GS | Goldman Sachs | 8/25/2010 |
| JNJ | Johnson & Johnson | 8/25/2010 |
| SVU | SuperValu Inc. | 8/25/2010 |
| CTWS | Connecticut Water Service, Inc. | 8/25/2010 |
| UFPI | Universal Forest Products, Inc. | 8/25/2010 |
| AROW | Arrow Financial | 8/30/2010 |
Please verify the ex-dividend date and payout ratio before committing funds to these stocks. Additionally, do not base your next long or short-term purchase on the dividend payment or yield. Instead, get as much research in as you possibly can before the ex-dividend date "just in case" you're actually interested in buying the stock.
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