Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: MHG, VNR, AES
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:
Marine Harvest ASA
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $14.20 as of 9:35 a.m. ET, the dividend yield is 7.7%.
The average volume for Marine Harvest ASA has been 155,900 shares per day over the past 30 days. Marine Harvest ASA has a market cap of $5.7 billion and is part of the food & beverage industry. Shares are unchanged year-to-date as of the close of trading on Tuesday.
Marine Harvest ASA, a seafood company, produces and sells farmed salmon products worldwide. It is engaged in the fish farming, processing, and smoking activities.
TheStreet Recommends
TheStreet Ratings rates
Marine Harvest ASA
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
Marine Harvest ASA Ratings Report
now.
Vanguard Natural Resources
Owners of
(NASDAQ:
) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $24.82 as of 9:35 a.m. ET, the dividend yield is 10.2%.
The average volume for Vanguard Natural Resources has been 797,100 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $2.1 billion and is part of the energy industry. Shares are down 15.9% year-to-date as of the close of trading on Tuesday.
Vanguard Natural Resources, LLC, through its subsidiaries, acquires and develops oil and natural gas properties in the United States. The company has a P/E ratio of 1239.50.
TheStreet Ratings rates
Vanguard Natural Resources
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk. You can view the full
Vanguard Natural Resources Ratings Report
now.
AES Corporation
Owners of
(NYSE:
) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $13.66 as of 9:35 a.m. ET, the dividend yield is 1.5%.
The average volume for AES Corporation has been 4.2 million shares per day over the past 30 days. AES Corporation has a market cap of $9.7 billion and is part of the utilities industry. Shares are down 6.3% year-to-date as of the close of trading on Tuesday.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company has a P/E ratio of 95.86.
TheStreet Ratings rates
AES Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. You can view the full
AES Corporation 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.
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