5 High-Yield Dividend Stocks Going Ex-Dividend Next Week. Don’t Miss the Dates
Five dividend stocks go ex-dividend next week, and missing the cutoff by even one day forfeits the payment entirely. Two of them carry yields above 16%, but their coverage numbers tell a very different story than the headline rates suggest.
The first dividend cutoff on this list is next Tuesday, with four more following before the month ends. Prospect Capital (NASDAQ:PSEC) goes ex-dividend on October 28, 2026, and the other four names here share an ex-date of October 30, 2026. Most of these payments land in November or December, but eligibility is locked in next week.
How it works: you must own the shares before the ex-dividend date to receive the payment. The pay date is when the cash arrives, and anyone who buys on or after the ex-date misses that payment.
Prospect Capital (PSEC): A 28% Yield With a Tuesday Deadline
Prospect pays a monthly distribution of $0.035 per share. That’s $0.42 a year, a yield of roughly 28.2% at the recent $1.49 share price. Both the ex-date and record date are October 28, and the payment date is November 18. That makes Tuesday, October 27, the last day to buy.
For a business development company, net investment income (NII) is the right measure of coverage. June-quarter adjusted NII of $0.15 per share covers the $0.1050 quarterly payout, which puts the payout ratio near 70%. The trend is weaker than that ratio suggests. NII per share slipped from $0.17, net asset value fell from $6.56 to $5.71, and non-accruals rose to 0.7% from 0.3%. Prospect also lists distributions topping NII among its own risk factors. The monthly rate was already cut from $0.045 starting in May.
The yield is high mainly because the stock has dropped. Shares are down 31.09% in a month and 33.49% year to date. A $264.5 million bond matures in November 2026. The roughly $328 million Valley Electric sale helps, but coverage here is shaky.
AGNC Investment (AGNC): Monthly Income as Book Value Shrinks
AGNC Investment (NASDAQ:AGNC) pays $0.12 a month, or $1.44 a year. At $8.92, that’s a yield of about 16.1%. The ex-date is October 30, and the payment date is November 10, so Thursday, October 29, is the buy-by deadline. The rate has been $0.12 since at least the October 2025 cycle.
For a mortgage REIT, the useful measure is adjusted earnings. Third-quarter adjusted EPS of $0.37 barely covers $0.36 in quarterly dividends, a payout ratio of about 97%. On a GAAP basis, the quarter was a net loss of $1.36 billion, driven by $5.01 billion in unrealized losses on Agency MBS. Tangible book value per share fell 16.9% to $7.13, leverage is 7.9x, and the net interest spread narrowed to 1.86% from 2.00%. Shares are off 10.45% over the past month, so part of the yield comes from the falling price. Management says mortgage spreads are near the top of their multi-year range, which supports future returns if Treasury volatility settles.
WhiteHorse Finance (WHF): A Smaller Check That’s Easier to Cover
WhiteHorse Finance (NASDAQ:WHF) announced a $0.17 payment on October 13, down from $0.25. At that rate, the yield is roughly 8.6% on the $7.95 share price. Shares trade ex-dividend on October 30, so the last day to buy is October 29. The cash doesn’t arrive until December 10.
On an NII basis, the cut was overdue. Second-quarter core NII totaled $0.217 per share, falling short of the old $0.25 payout for the second straight quarter. The new $0.17 rate is about 78% of that NII figure. Some risks remain. Non-accruals are 3.5% of amortized cost, the adviser cut its incentive fee to 17.50% from 20.00%, and $85 million of notes mature in 2026. On the plus side, net asset value rose to $11.77, and the stock is up 27.43% this year, so the yield reflects the payout rather than a falling price.
Alliant Energy (LNT): Utility Payout With Room to Spare
Alliant Energy (NASDAQ:LNT | LNT Price Prediction) pays $0.535 a quarter, or $2.14 a year. At $70.25, that’s a yield of about 3.0%. The ex-date is October 30, and the payment date is November 16. The last day to buy is October 29.
Alliant reaffirmed 2026 ongoing EPS guidance of $3.36 to $3.46 and says results are trending toward the upper half. The annual dividend is roughly 63% of the guidance midpoint. Utilities pay for heavy capital spending with debt and equity, so earnings coverage is the cleaner test, and Alliant passes it. Demand growth comes from 3.4 GW of signed data center load. Shares are up 10.56% year to date.
Texas Instruments (TXN): Fresh Raise Arrives Before the Cutoff
Texas Instruments (NASDAQ:TXN) raised its quarterly dividend 7% to $1.52, its 23rd consecutive annual increase. An annualized rate of $6.08 yields about 2.2% at $279.87. Shares go ex-dividend on October 30, the payment date is November 10, and the buy-by deadline is October 29.
Coverage is the strongest in this group. Third-quarter EPS of $2.62 puts the new dividend at about 58% of earnings. Trailing free cash flow reached $8.4 billion, though that total includes $1.6 billion of CHIPS Act incentives. Fourth-quarter EPS guidance is $2.45 to $2.79. The yield is modest because shares have risen 64.04% this year.
Miss the Ex-Date, Miss the Payment
Buying a stock for one payment is a short-term trade with limited income value, and the share price usually falls by roughly the dividend once shares trade ex-dividend. Prospect and AGNC carry the biggest yields on this list, and both have the weakest coverage, the same pattern we flagged in a free guide to the seven warning signs that a big yield is about to be cut, here. The deadlines don’t move regardless: the buy-by cutoff is the close on October 27 for Prospect, and the close on October 29 for the other four, and shares bought after that do not receive the payment.
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
