Dividend Watch: 3 Stocks Going Ex-Dividend Monday: WPG, CNK, RE
Monday, Monday, November 30, 2015, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 9.5%. All of these stocks can be found on our
stocks going ex-dividend
section of our
.
Highlighted Stocks Going Ex-Dividend Monday:
WP Glimcher
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $10.96 as of 9:36 a.m. ET, the dividend yield is 9.1%.
The average volume for WP Glimcher has been 1.1 million shares per day over the past 30 days. WP Glimcher has a market cap of $2.0 billion and is part of the real estate industry. Shares are down 36.5% year-to-date as of the close of trading on Wednesday.
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Washington Prime Group Inc. (NYSE:WPG.WI) operates independently of Simon Property Group Inc. as of May 28, 2014. The company has a P/E ratio of 54.70.
TheStreet Ratings rates
WP Glimcher
as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, feeble growth in its earnings per share, deteriorating net income and poor profit margins. You can view the full
now.
Cinemark Holdings
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $35.48 as of 9:30 a.m. ET, the dividend yield is 2.8%.
The average volume for Cinemark Holdings has been 702,200 shares per day over the past 30 days. Cinemark Holdings has a market cap of $4.1 billion and is part of the media industry. Shares are down 0.8% year-to-date as of the close of trading on Wednesday.
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Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. The company operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, and Bolivia. The company has a P/E ratio of 19.84.
TheStreet Ratings rates
Cinemark Holdings
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
Cinemark Holdings Ratings Report
now.
Everest Re Group
At a price of $184.04 as of 9:30 a.m. ET, the dividend yield is 2.5%.
The average volume for Everest Re Group has been 272,100 shares per day over the past 30 days. Everest Re Group has a market cap of $8.0 billion and is part of the insurance industry. Shares are up 8.4% year-to-date as of the close of trading on Wednesday.
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Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through U.S. Reinsurance, International, Bermuda, Insurance, and Mt. Logan Re segments. The U.S. The company has a P/E ratio of 8.65.
TheStreet Ratings rates
Everest Re Group
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 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
Everest Re Group 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.