Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: IEP, BID, PFG
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, Thursday, March 05, 2015, 26 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.7%. All of these stocks can be found on our
section of our
.
Highlighted Stocks Going Ex-Dividend Tomorrow:
Icahn
At a price of $93.83 as of 12:15 p.m. ET, the dividend yield is 6.4%.
The average volume for Icahn has been 120,000 shares per day over the past 30 days. Icahn has a market cap of $11.5 billion and is part of the conglomerates industry. Shares are up 0.5% year-to-date as of the close of trading on Tuesday.
Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, metals, railcar, gaming, food packaging, real estate, and home fashion businesses in the United States and Internationally.
TheStreet Ratings rates
Icahn
as a
. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full
now.
Sothebys
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $41.65 as of 12:16 p.m. ET, the dividend yield is 0.9%.
The average volume for Sothebys has been 686,800 shares per day over the past 30 days. Sothebys has a market cap of $3.0 billion and is part of the specialty retail industry. Shares are down 1.6% year-to-date as of the close of trading on Tuesday.
Sotheby's operates as an auctioneer of authenticated fine art, decorative art, and jewelry. The company operates in three segments: Agency, Principal, and Finance. The company has a P/E ratio of 25.80.
TheStreet Ratings rates
Sothebys
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins. You can view the full
now.
Principal Financial Group
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 36 cents per share. At a price of $50.96 as of 12:16 p.m. ET, the dividend yield is 2.7%.
The average volume for Principal Financial Group has been 1.3 million shares per day over the past 30 days. Principal Financial Group has a market cap of $15.4 billion and is part of the insurance industry. Shares are down 0.2% year-to-date as of the close of trading on Tuesday.
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The company has a P/E ratio of 14.37.
TheStreet Ratings rates
Principal Financial Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
Principal Financial 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.
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