Dividend Watch: 3 Stocks Going Ex-Dividend Friday: TAC, FNB, WRB - TheStreet

Friday, Friday, November 27, 2015, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 25.8%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Friday:

TransAlta

Owners of

TransAlta

(NYSE:

TAC

) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $4.16 as of 9:36 a.m. ET, the dividend yield is 12.1%.

The average volume for TransAlta has been 224,000 shares per day over the past 30 days. TransAlta has a market cap of $1.3 billion and is part of the utilities industry. Shares are down 53.5% year-to-date as of the close of trading on Tuesday.

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TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company's Generation segment owns and operates hydro, wind, and natural gas- and coal-fired facilities. The company has a P/E ratio of 9.00.

TheStreet Ratings rates

TransAlta

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow. You can view the full

TransAlta Ratings Report

now.

F N B

Owners of

F N B

(NYSE:

FNB

) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $14.52 as of 9:37 a.m. ET, the dividend yield is 3.3%.

The average volume for F N B has been 1.1 million shares per day over the past 30 days. F N B has a market cap of $2.5 billion and is part of the banking industry. Shares are up 9.3% year-to-date as of the close of trading on Tuesday.

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F.N.B. Corporation, a financial holding company, provides various financial services to consumers, corporations, governments, and small- to medium-sized businesses primarily in Pennsylvania, eastern Ohio, and northern West Virginia. The company has a P/E ratio of 16.78.

TheStreet Ratings rates

F N B

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

F N B Ratings Report

now.

WR Berkley

Owners of

WR Berkley

(NYSE:

WRB

) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $55.70 as of 9:37 a.m. ET, the dividend yield is 0.9%.

The average volume for WR Berkley has been 474,700 shares per day over the past 30 days. WR Berkley has a market cap of $6.8 billion and is part of the insurance industry. Shares are up 8.7% year-to-date as of the close of trading on Tuesday.

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W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writers primarily in the United States. The company operates in three segments: Insurance-Domestic, Insurance-International, and Reinsurance-Global. The company has a P/E ratio of 14.38.

TheStreet Ratings rates

WR Berkley

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full

WR Berkley 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.