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, August 27, 2014, 91 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 12.2%. 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 $6.48 as of 9:40 a.m. ET, the dividend yield is 8%.
The average volume for Student Transportation has been 77,000 shares per day over the past 30 days. Student Transportation has a market cap of $531.9 million and is part of the transportation industry. Shares are up 4.5% year-to-date as of the close of trading on Monday.
Student Transportation Inc. provides school bus transportation services in North America. The company operates through two segments Transportation, and Oil and Gas. The Transportation segment provides school bus management services to public and private schools in North America. The company has a P/E ratio of 161.25.
TheStreet Ratings rates
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow, relatively poor performance when compared with the S&P 500 during the past year and generally high debt management risk. You can view the full
) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $14.82 as of 9:40 a.m. ET, the dividend yield is 2.1%.
The average volume for Ebix has been 597,000 shares per day over the past 30 days. Ebix has a market cap of $538.2 million and is part of the computer software & services industry. Shares are up 0.5% year-to-date as of the close of trading on Monday.
Ebix, Inc. provides software and e-commerce solutions to the insurance industry. The company has a P/E ratio of 9.49.
TheStreet Ratings rates
. 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. You can view the full
) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $50.04 as of 9:41 a.m. ET, the dividend yield is 2%.
The average volume for Evercore Partners has been 423,100 shares per day over the past 30 days. Evercore Partners has a market cap of $1.8 billion and is part of the financial services industry. Shares are down 16.8% year-to-date as of the close of trading on Monday.
Evercore Partners Inc. operates as an independent investment banking advisory firm. The company operates through two segments, Investment Banking and Investment Management. The company has a P/E ratio of 30.32.
TheStreet Ratings rates
. 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. 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.