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, Friday, September 26, 2014, 118 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 36.3%. All of these stocks can be found on our
section of our
Highlighted Stocks Going Ex-Dividend Tomorrow:
San Juan Basin Royalty
) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $19.00 as of 9:40 a.m. ET, the dividend yield is 7%.
The average volume for San Juan Basin Royalty has been 80,200 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $879.5 million and is part of the energy industry. Shares are up 13.2% year-to-date as of the close of trading on Wednesday.
San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 14.86.
TheStreet Ratings rates
San Juan Basin Royalty
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
Pattern Energy Group Inc Class A
) shares, as of market close today, will be eligible for a dividend of 33 cents per share. At a price of $30.64 as of 9:30 a.m. ET, the dividend yield is 4.3%.
The average volume for Pattern Energy Group Inc Class A has been 354,100 shares per day over the past 30 days. Pattern Energy Group Inc Class A has a market cap of $1.4 billion and is part of the utilities industry. Shares are up 1.4% year-to-date as of the close of trading on Wednesday.
) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $16.59 as of 9:41 a.m. ET, the dividend yield is 3.6%.
The average volume for Umpqua Holdings has been 1.4 million shares per day over the past 30 days. Umpqua Holdings has a market cap of $3.6 billion and is part of the banking industry. Shares are down 12.5% year-to-date as of the close of trading on Wednesday.
Umpqua Holdings Corporation operates as the holding company for Umpqua Bank and Umpqua Investments, Inc. that provide commercial and retail banking, and brokerage services to corporate, institutional, and individual customers in the United States. The company has a P/E ratio of 25.24.
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 stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.