3 Stocks With Upcoming Ex-Dividend Dates: AB, EWBC, CRR
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, Thursday, October 30, 2014, 34 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 11.6%. All of these stocks can be found on our
section of our
.
Highlighted Stocks Going Ex-Dividend Tomorrow:
AllianceBernstein Holding L.P
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $26.62 as of 9:33 a.m. ET, the dividend yield is 7%.
The average volume for AllianceBernstein Holding L.P has been 245,800 shares per day over the past 30 days. AllianceBernstein Holding L.P has a market cap of $2.5 billion and is part of the financial services industry. Shares are up 25.4% year-to-date as of the close of trading on Tuesday.
AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. The company has a P/E ratio of 13.73.
TheStreet Recommends
TheStreet Ratings rates
AllianceBernstein Holding L.P
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
AllianceBernstein Holding L.P Ratings Report
now.
East West Bancorp
Owners of
(NASDAQ:
) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $35.37 as of 9:35 a.m. ET, the dividend yield is 2.1%.
The average volume for East West Bancorp has been 579,900 shares per day over the past 30 days. East West Bancorp has a market cap of $5.0 billion and is part of the banking industry. Shares are up 2% year-to-date as of the close of trading on Tuesday.
East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals. The company has a P/E ratio of 15.24.
TheStreet Ratings rates
East West Bancorp
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
East West Bancorp Ratings Report
now.
Carbo Ceramics
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 33 cents per share. At a price of $52.61 as of 9:36 a.m. ET, the dividend yield is 2.7%.
The average volume for Carbo Ceramics has been 1.1 million shares per day over the past 30 days. Carbo Ceramics has a market cap of $1.1 billion and is part of the energy industry. Shares are down 55% year-to-date as of the close of trading on Tuesday.
CARBO Ceramics Inc., an oilfield services technology company, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 12.46.
TheStreet Ratings rates
Carbo Ceramics
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, 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, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full
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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