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 or Stephanie Link.
Tomorrow, Wednesday, October 29, 2014, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 50%. All of these stocks can be found on our
section of our
Highlighted Stocks Going Ex-Dividend Tomorrow:
) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $7.27 as of 9:38 a.m. ET, the dividend yield is 6.5%.
The average volume for Franklin Universal has been 42,300 shares per day over the past 30 days. Franklin Universal has a market cap of $183.2 million and is part of the financial services industry. Shares are up 5% year-to-date as of the close of trading on Monday.
) shares, as of market close today, will be eligible for a dividend of 66 cents per share. At a price of $40.50 as of 9:40 a.m. ET, the dividend yield is 7.3%.
The average volume for TransMontaigne Partners has been 50,800 shares per day over the past 30 days. TransMontaigne Partners has a market cap of $656.3 million and is part of the energy industry. Shares are down 4.2% year-to-date as of the close of trading on Monday.
TransMontaigne Partners L.P. operates as a terminaling and transportation company. The company has a P/E ratio of 20.83.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $30.51 as of 9:40 a.m. ET, the dividend yield is 8.1%.
The average volume for Baytex Energy has been 410,700 shares per day over the past 30 days. Baytex Energy has a market cap of $5.3 billion and is part of the energy industry. Shares are down 19% year-to-date as of the close of trading on Monday.
Baytex Energy Corp., an oil and gas company, is engaged in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, and natural gas liquids. The company has a P/E ratio of 21.28.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins 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, feeble growth in the company's earnings per share and disappointing return on equity. You can view the full
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.