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You Can Make Fast Money With Dividends

With the way the stock market has been moving in the last few weeks, it may be wise to look for solid companies that provide a great dividend. Unless you’re a day trader and can play the volatility of this market, you really need to take positions in these types of stocks.
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I’ve been looking at dividend paying stocks for some time. It’s been profitable during these days and since my career is trading in the stock market, I’ve had the time to look into when these dividend payouts will occur.
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Typically dividends are paid out 4 times a year, just around the time that the company announces their last quarter performance. In this month alone I’ve taken advantage of over a dozen stocks that pay out dividends. Be aware though that just because the company has stated that they will paying out dividends, it doesn’t mean they’ll be paying out what you may see on a website like Yahoo Finance or TheStreet.com
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Let’s take a look at what I mean by that comment. A perfect example is Atlas Pipeline Partners LP (NYSE:APL). If you were to take a look at what was reported on Monday October 27th, Atlas reported that there will be a payout of $0.96 of common limited partner unit. In yesterday’s news Atlas stated that there will be a cash payout of $0.05 per share. After further research I found that the $0.96 per common share has been confirmed. As for the $0.05 I haven’t been able to find out if this will be a one time “extra” pay out for each share on top of the $0.96 per share.
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My point is that there are different types of stocks for some companies and if you’re not careful in your research you may be buying into the wrong one. Just for those who maybe thinking of catching some good dividends, Atlas Pipeline Partners LP (NYSE:APL) might be one that you would want to get into. The execution date (aka ex-dividend date) is for shareholders who have stock in the company on November 10th, 2008. Just for your information, at the current price of $17.00, the yield for this stock is almost 24%.
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P.S. Want to learn more about the stock market? take a free two week trail with Jim Cramer from TheStreet.com

*DISCLAIMER* At the time of this post, Billy is long APL

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