3 Stocks With Upcoming Ex-Dividend Dates: JPEP, SDLP, NYRT

JPEP SDLP NYRT are going ex-dividend tomorrow, Wednesday, November 04, 2015
By TheStreet Wire ,

Tomorrow, Wednesday, November 04, 2015, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 20.2%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

JP Energy Partners

Owners of

JP Energy Partners

(NYSE:

JPEP

) shares, as of market close today, will be eligible for a dividend of 32 cents per share. At a price of $7.63 as of 9:30 a.m. ET, the dividend yield is 16.4%.

The average volume for JP Energy Partners has been 56,000 shares per day over the past 30 days. JP Energy Partners has a market cap of $146.4 million and is part of the energy industry. Shares are down 39% year-to-date as of the close of trading on Monday.

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Seadrill Partners

Owners of

Seadrill Partners

(NYSE:

SDLP

) shares, as of market close today, will be eligible for a dividend of 57 cents per share. At a price of $11.61 as of 9:37 a.m. ET, the dividend yield is 20.2%.

The average volume for Seadrill Partners has been 371,100 shares per day over the past 30 days. Seadrill Partners has a market cap of $843.9 million and is part of the energy industry. Shares are down 29% year-to-date as of the close of trading on Monday.

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Seadrill Partners LLC owns, operates, and acquires offshore drilling units. The company primarily serves various oil and gas companies. As of March 31, 2015, its fleet consisted of four semi-submersible drilling rigs, three drillships, and three tender rigs. The company has a P/E ratio of 5.21.

TheStreet Ratings rates

Seadrill Partners

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full

Seadrill Partners Ratings Report

now.

New York REIT

Owners of

New York REIT

(NYSE:

NYRT

) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $11.51 as of 9:36 a.m. ET, the dividend yield is 4%.

The average volume for New York REIT has been 1.3 million shares per day over the past 30 days. New York REIT has a market cap of $1.9 billion and is part of the real estate industry. Shares are up 9.2% year-to-date as of the close of trading on Monday.

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New York REIT, Inc. focuses on acquiring commercial real estate, as well as acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City. The company has a P/E ratio of 142.50.

TheStreet Ratings rates

New York REIT

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

New York REIT 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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