How to Triple Dip Your Rewards Points

by Fred Fuld III

It’s nice that you get cash back or rewards points when you use your credit card. It’s also great when you can get rewards from the company you make purchases from. It’s like double dipping.

But wouldn’t it be great if you could triple dip. How would you like to receive free stock in the companies that you buy from? Well now it’s possible.

There is a company called Bumped, which allows you to have a percentage of your purchase go towards fractional shares of stock in those companies. The percentage isn’t a lot but it adds up over time.

For example, if you buy rom Starbucks (SBUX), you get 2% of your purchase price going towards the company’s stock. If you buy from ExxonMobil (XOM), you get 0.5%. The range goes all the way up to 3% defending on the type of business.

Here are the categories and their percentages:

  • Coffee  2%
  • Gas/Convenience Stores  0.5%
  • Entertainment  2%
  • Family Dining  2%
  • Personal Care  1%
  • Quick Eats  3%
  • Vineyards  1%

So, for example, if I buy food and a beverage at Starbucks, and I pay with my cash back American Express (AXP) card, I will get the cash back bonus from AmEx at the end of the month. Plus, if I’m a member of the Starbucks rewards program, I get those benefits. Finally, if I have linked my AmEx card to Bumped, I get 2% of my purchase applied to the Starbucks stock.

My Bumped app when I just started out
My Bumped app when I just started out

There are a wide range of companies that are participating in this program. Just in the Quick Eats category alone, there is:

  • Burger King
  • Chipotle (CMG)
  • Jamba Juice
  • McDonalds (MCD)
  • Subway

Now you may ask, what about the private companies that are listed, such as Jamba Juice and Subway? Well, if you purchase from Jamba Juice, your 3% is applied towards the Vanguard Total Stock Market Index Fund ETF (VTI).

So when I bought a Jamba Juice recently, I got cash back on my AmEx card, I got more Jamba Juice  points since I’m a member of their rewards program, and I got 3% of my purchase automatically invested in VTI.

Other companies that are part of the program include Peet’s Coffee, BP (BP), Chevron (CVX), Shell (RDSA), Netflix (NFLX), Spotify (SPOT), Lyft (LYFT), Uber (UBER), plus several restaurants and other businesses.

Unfortunately, there is a waiting list for Bumped, (they don’t want to get overwhelmed as they are growing) but once they notify you that you are eligible, you can jump on the triple dip bandwagon.

Disclosure: Author owns MCD, VTI, SBUX, & XOM. I did not receive any compensation from Bumped. 

Stocks Going Ex Dividend in May 2019

by Fred Fuld III

The following is a short list of some of the many stocks going ex dividend during the next month.

Many traders and investors use the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the strategy of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.

This technique generally works in bull markets and flat or choppy markets, but you need to avoid the strategy during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.

The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and many with yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the periodic dividend amount, and annual yield.

Delta Air Lines, Inc. (DAL) 5/1/2019 0.35 2.45%
Citigroup Inc. (C) 5/3/2019 0.45 2.59%
TD Ameritrade Holding Corporation (AMTD) 5/6/2019 0.30 2.32%
MetLife, Inc. (MET) 5/6/2019 0.44 3.90%
Wells Fargo & Company (WFC) 5/9/2019 0.45 3.75%
Walmart Inc. (WMT) 5/9/2019 0.53 2.09%
Exxon Mobil Corporation (XOM) 5/10/2019 0.87 4.32%
Target Corporation (TGT) 5/14/2019 0.64 3.32%
Walgreens Boots Alliance, Inc. (WBA) 5/17/2019 0.44 3.33%
Discover Financial Services (DFS) 5/23/2019 0.40 1.97%
Goldman Sachs Group, Inc. (GS) 5/29/2019 0.85 1.67%
Lockheed Martin Corporation (LMT) 5/31/2019 2.20 2.68%

The additional ex-dividend stocks can be found HERE . (If you have been to the page before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists HERE . Most of the lists are free.

Dividend definitions:

Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Monthly Dividend Stock List

Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written.

Stocks Going Ex Dividend the Second Week of November

Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.

This technique generally works only in bull markets, and can work in flat or choppy markets, but you need to avoid the technique during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.

The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the quarterly dividend amount, and annual yield.

Intel Corporation (INTC) 11/6/2017 0.273 2.34%
Papa John’s International (PZZA) 11/6/2017 0.225 1.21%
Sonic Corp. (SONC) 11/7/2017 0.16 2.20%
American Electric Power (AEP) 11/9/2017 0.62 3.17%
American Airlines Group (AAL) 11/10/2017 0.1 0.85%
Exxon Mobil Corporation (XOM) 11/10/2017 0.77 3.65%

The additional ex-dividend stocks can be found here at wstnn.com. (If you have been to the website before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists at WallStreetNewsNetwork.com or WStNN.com. Most of the lists are free.

Dividend definitions: Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Monthly Dividend Stock List

Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written.