3 Stocks Going Ex-Dividend Tomorrow: HMLP, LGCY, MATX

HMLP LGCY MATX are going ex-dividend tomorrow, Tuesday, November 03, 2015
By TheStreet Wire ,

Tomorrow, Tuesday, November 03, 2015, 20 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 37.5%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Hoegh LNG Partners

Owners of

Hoegh LNG Partners

(NYSE:

HMLP

) shares, as of market close today, will be eligible for a dividend of 34 cents per share. At a price of $16.00 as of 9:35 a.m. ET, the dividend yield is 8.5%.

The average volume for Hoegh LNG Partners has been 30,500 shares per day over the past 30 days. Hoegh LNG Partners has a market cap of $208.5 million and is part of the transportation industry. Shares are down 22.4% year-to-date as of the close of trading on Friday.

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Hoegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units, liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. Hoegh LNG GP LLC is the general partner of the company. The company has a P/E ratio of 49.53.

TheStreet Ratings rates

Hoegh LNG Partners

as a

sell

. The area that we feel has been the company's primary weakness has been its generally disappointing historical performance in the stock itself. You can view the full

Hoegh LNG Partners Ratings Report

now.

Legacy Reserves

Owners of

Legacy Reserves

(NASDAQ:

LGCY

) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $3.81 as of 9:35 a.m. ET, the dividend yield is 37.5%.

The average volume for Legacy Reserves has been 444,300 shares per day over the past 30 days. Legacy Reserves has a market cap of $270.2 million and is part of the energy industry. Shares are down 65.1% year-to-date as of the close of trading on Friday.

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Legacy Reserves LP owns and operates oil and natural gas properties in the United States.

TheStreet Ratings rates

Legacy Reserves

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full

Legacy Reserves Ratings Report

now.

Matson

Owners of

Matson

(NYSE:

MATX

) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $45.90 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Matson has been 262,800 shares per day over the past 30 days. Matson has a market cap of $2.0 billion and is part of the transportation industry. Shares are up 32.8% year-to-date as of the close of trading on Friday.

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Matson, Inc., together with its subsidiaries, operates as an ocean freight carrier in the Pacific. It operates in two segments, Ocean Transportation and Logistics. The company has a P/E ratio of 23.83.

TheStreet Ratings rates

Matson

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations 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

Matson Ratings Report

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.

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