The upcoming share dividend season in Australia has traders and investors licking their lips.

So many high yielding stocks are scheduled to pay their final dividends for the financial year. It will be a feeding frenzy, with so many stocks going ex-dividend within such a short time between August and September . This is especially so for dividend investors adjusting their portfolio of  high yield shares.

Look for Fully Franked shares with a short period to the payment date. This assists with keeping the cashflow positive.

Why not fade high yielding stocks that have disappointed at the latest earnings report on the ex-dividend date. This should be considered even if the share has briefly shown positive momentum into he ex-dividend date.  By doing this you can offset some of your long positions to reduce market risk. You definitely need some protection from current share market turbulence, and pairs trading high dividend stocks around the ex-dividend date is a good way to achieve this.

It can be difficult to find a free schedule of ex-dividend dates. Trial ShareDividends.com.au for not only a guide to upcoming dividends but also three other useful tools to help dividend investors and traders.

There is a useful Dividend History page that provides the history of dividend payments for all 2200 ASX stocks. Explore the Dividend Forecast page to find a 4 year forecast of dividend per share (dps) and EPS.

Best of all there is a unique share screener using dividend and basic fundamental information. You can filter by sector, in concert with your other shares picking resources.~ This information should not be used in isolation, but along with your other share selecting tools.}

Reduce risk by either selling  the S&P200 index via options, futures, ASX mini’s or barrier warrants, or using a stop. Current market volatility demands a wide Stop