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.
Monday, Monday, February 23, 2015, 14 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 12.4%. All of these stocks can be found on our
section of our
Highlighted Stocks Going Ex-Dividend Monday:
) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $9.68 as of 9:56 a.m. ET, the dividend yield is 12.4%.
The average volume for Medley Capital has been 760,200 shares per day over the past 30 days. Medley Capital has a market cap of $566.8 million and is part of the financial services industry. Shares are up 3.8% year-to-date as of the close of trading on Thursday.
Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. The company has a P/E ratio of 8.77.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full
) shares, as of market close today, will be eligible for a dividend of 32 cents per share. At a price of $46.57 as of 9:55 a.m. ET, the dividend yield is 2.7%.
The average volume for Sonoco Products has been 407,300 shares per day over the past 30 days. Sonoco Products has a market cap of $4.8 billion and is part of the consumer non-durables industry. Shares are up 7.5% year-to-date as of the close of trading on Thursday.
Sonoco Products Company manufactures and sells industrial and consumer packaging products in the United States, Europe, and Canada. The company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The company has a P/E ratio of 20.38.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $49.24 as of 9:56 a.m. ET, the dividend yield is 1.4%.
The average volume for Cheesecake Factory has been 725,200 shares per day over the past 30 days. Cheesecake Factory has a market cap of $2.4 billion and is part of the leisure industry. Shares are down 1.8% year-to-date as of the close of trading on Thursday.
The Cheesecake Factory Incorporated owns and operates casual dining and full-service restaurants. The company has a P/E ratio of 23.44.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels 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.