5 Stocks Going Ex-Dividend Tomorrow: JMT, MVO, BPT, FSC, TDG
Tomorrow, July 11, 2013, 30 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 21.3%. All of these stocks can be found on our
section of our
.
Highlighted Stocks Going Ex-Dividend Tomorrow:
Nuveen Mortgage Opportunity Term Fund 2
Owners of
Nuveen Mortgage Opportunity Term Fund 2
(NYSE:
) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $24.35 as of 9:30 a.m. ET, the dividend yield is 7.9%.
The average volume for Nuveen Mortgage Opportunity Term Fund 2 has been 20,200 shares per day over the past 30 days. Nuveen Mortgage Opportunity Term Fund 2 has a market cap of $118.2 million and is part of the financial services industry. Shares are down 10.4% year to date as of the close of trading on Tuesday.
You can view the full
Nuveen Mortgage Opportunity Term Fund 2 Ratings Report
now.
- See our top-yielding stocks list.
MV Oil
Owners of
(NYSE:
) shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $31.95 as of 9:33 a.m. ET, the dividend yield is 8.8%.
The average volume for MV Oil has been 58,700 shares per day over the past 30 days. MV Oil has a market cap of $358.7 million and is part of the energy industry. Shares are up 31.3% year to date as of the close of trading on Tuesday.
The company has a P/E ratio of 32.15.
You can view the full
now.
- See our top-yielding stocks list.
BP Prudhoe Bay Royalty
At a price of $97.50 as of 9:34 a.m. ET, the dividend yield is 8.8%.
The average volume for BP Prudhoe Bay Royalty has been 112,400 shares per day over the past 30 days. BP Prudhoe Bay Royalty has a market cap of $2.1 billion and is part of the energy industry. Shares are up 41.9% year to date as of the close of trading on Tuesday.
BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The company has a P/E ratio of 36.80.
TheStreet Ratings rates
BP Prudhoe Bay Royalty
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
BP Prudhoe Bay Royalty Ratings Report
now.
- See our top-yielding stocks list.
Fifth Street Finance Corporation
Owners of
Fifth Street Finance Corporation
(NASDAQ:
) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $10.73 as of 9:35 a.m. ET, the dividend yield is 10.7%.
The average volume for Fifth Street Finance Corporation has been 1.6 million shares per day over the past 30 days. Fifth Street Finance Corporation has a market cap of $1.3 billion and is part of the financial services industry. Shares are up 3.1% year to date as of the close of trading on Tuesday.
The company has a P/E ratio of 10.00.
You can view the full
Fifth Street Finance Corporation Ratings Report
now.
- See our top-yielding stocks list.
TransDigm Group
At a price of $160.46 as of 9:35 a.m. ET, the dividend yield is 0%.
The average volume for TransDigm Group has been 471,500 shares per day over the past 30 days. TransDigm Group has a market cap of $8.4 billion and is part of the aerospace/defense industry. Shares are up 17.4% year to date as of the close of trading on Tuesday.
TransDigm Group Incorporated, through its subsidiaries, designs, produces, and supplies engineered aerospace components for commercial and military aircraft customers in the United States. The company has a P/E ratio of 30.67.
TheStreet Ratings rates
TransDigm Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
TransDigm Group Ratings Report
now.
- See our top-yielding stocks list.
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.
- See our dividend calendar.
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