3 Stocks With Upcoming Ex-Dividend Dates: ORIG, GLOG, TEX
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Tomorrow, Friday, March 06, 2015, 34 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13%. All of these stocks can be found on our
section of our
.
Highlighted Stocks Going Ex-Dividend Tomorrow:
Ocean Rig UDW
Owners of
(NASDAQ:
) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $7.66 as of 9:36 a.m. ET, the dividend yield is 9.7%.
The average volume for Ocean Rig UDW has been 743,800 shares per day over the past 30 days. Ocean Rig UDW has a market cap of $1.0 billion and is part of the energy industry. Shares are down 15.7% year-to-date as of the close of trading on Wednesday.
Ocean Rig UDW Inc., an offshore drilling contractor, through its subsidiaries, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company has a P/E ratio of 4.01.
TheStreet Ratings rates
Ocean Rig UDW
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full
now.
GasLog
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $19.26 as of 9:36 a.m. ET, the dividend yield is 2.9%.
The average volume for GasLog has been 1.0 million shares per day over the past 30 days. GasLog has a market cap of $1.6 billion and is part of the transportation industry. Shares are down 4.2% year-to-date as of the close of trading on Wednesday.
GasLog Ltd., together with its subsidiaries, owns, operates, and manages vessels in the liquefied natural gas (LNG) market worldwide. It provides maritime services for the transportation of LNG and LNG vessel management services. The company has a P/E ratio of 23.66.
TheStreet Ratings rates
GasLog
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and generally higher debt management risk. You can view the full
now.
Terex
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $25.96 as of 9:36 a.m. ET, the dividend yield is 0.9%.
The average volume for Terex has been 2.4 million shares per day over the past 30 days. Terex has a market cap of $2.9 billion and is part of the industrial industry. Shares are down 5.5% year-to-date as of the close of trading on Wednesday.
Terex Corporation operates as a lifting and material handling solutions company. The company has a P/E ratio of 11.89.
TheStreet Ratings rates
Terex
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and unimpressive growth in net income. 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.
null