Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: CLMS, EXLP, CVI

CLMS EXLP CVI are going ex-dividend tomorrow, Thursday, November 05, 2015
By TheStreet Wire ,

Tomorrow, Thursday, November 05, 2015, 37 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 43.3%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Calamos Asset Management

Owners of

Calamos Asset Management

(NASDAQ:

CLMS

) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $9.47 as of 9:30 a.m. ET, the dividend yield is 6.2%.

The average volume for Calamos Asset Management has been 95,500 shares per day over the past 30 days. Calamos Asset Management has a market cap of $197.1 million and is part of the financial services industry. Shares are down 27.8% year-to-date as of the close of trading on Tuesday.

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Calamos Asset Management Inc. is a publicly owned investment manager. The firm provides investment advisory services to individuals including high net worth individuals, and institutions. It also manages accounts for family offices and private foundations. The company has a P/E ratio of 17.78.

TheStreet Ratings rates

Calamos Asset Management

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full

Calamos Asset Management Ratings Report

now.

Exterran Partners

Owners of

Exterran Partners

(NASDAQ:

EXLP

) shares, as of market close today, will be eligible for a dividend of 57 cents per share. At a price of $20.02 as of 4:00 p.m. ET, the dividend yield is 11.5%.

The average volume for Exterran Partners has been 201,500 shares per day over the past 30 days. Exterran Partners has a market cap of $1.2 billion and is part of the energy industry. Shares are down 6.8% year-to-date as of the close of trading on Monday.

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Exterran Partners, L.P., together with its subsidiaries, provides natural gas contract operations services to customers in the United States. The company has a P/E ratio of 17.99.

TheStreet Ratings rates

Exterran Partners

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. You can view the full

Exterran Partners Ratings Report

now.

CVR Energy

Owners of

CVR Energy

(NYSE:

CVI

) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $47.03 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for CVR Energy has been 297,700 shares per day over the past 30 days. CVR Energy has a market cap of $4.0 billion and is part of the energy industry. Shares are up 21% year-to-date as of the close of trading on Tuesday.

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CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The company has a P/E ratio of 18.00.

TheStreet Ratings rates

CVR Energy

as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. 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 poor profit margins. You can view the full

CVR Energy 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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