3 Stocks Going Ex-Dividend Monday: MCC, SMG, CDW
Monday, Monday, November 23, 2015, 21 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 16.1%. All of these stocks can be found on our
stocks going ex-dividend
section of our
.
Highlighted Stocks Going Ex-Dividend Monday:
Medley Capital
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $7.56 as of 9:34 a.m. ET, the dividend yield is 16.1%.
The average volume for Medley Capital has been 354,500 shares per day over the past 30 days. Medley Capital has a market cap of $430.7 million and is part of the financial services industry. Shares are down 17.6% year-to-date as of the close of trading on Thursday.
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Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. The company has a P/E ratio of 6.78.
TheStreet Ratings rates
Medley Capital
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full
now.
Scotts Miracle Gro
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 47 cents per share. At a price of $68.32 as of 9:36 a.m. ET, the dividend yield is 2.8%.
The average volume for Scotts Miracle Gro has been 239,700 shares per day over the past 30 days. Scotts Miracle Gro has a market cap of $4.1 billion and is part of the chemicals industry. Shares are up 9.2% year-to-date as of the close of trading on Thursday.
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The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden care products worldwide. The company has a P/E ratio of 1.08.
TheStreet Ratings rates
Scotts Miracle Gro
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
Scotts Miracle Gro Ratings Report
now.
CDW
Owners of
(NASDAQ:
) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $45.35 as of 9:36 a.m. ET, the dividend yield is 1%.
The average volume for CDW has been 1.1 million shares per day over the past 30 days. CDW has a market cap of $7.5 billion and is part of the computer software & services industry. Shares are up 28.5% year-to-date as of the close of trading on Thursday.
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CDW Corporation distributes information technology (IT) solutions in the United States and Canada. It operates in two segments, Corporate and Public. The company has a P/E ratio of 20.83.
TheStreet Ratings rates
CDW
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full
now.
More About Dividends:
One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own.
Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms:
On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder-of-record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder-of-record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31).
The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder-of-record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.