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, November 26, 2014, 61 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 13.9%. 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 16 cents per share. At a price of $10.21 as of 9:49 a.m. ET, the dividend yield is 6.3%.
The average volume for TransAlta has been 185,800 shares per day over the past 30 days. TransAlta has a market cap of $2.8 billion and is part of the utilities industry. Shares are down 20.2% year-to-date as of the close of trading on Monday.
TransAlta Corporation operates as a non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company is involved in the generation and wholesale trade of electricity and other energy-related commodities and derivatives.
TheStreet Ratings rates
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. You can view the full
) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $19.06 as of 9:51 a.m. ET, the dividend yield is 2.1%.
The average volume for Associated Banc-Corp has been 954,000 shares per day over the past 30 days. Associated Banc-Corp has a market cap of $2.9 billion and is part of the banking industry. Shares are up 8.7% year-to-date as of the close of trading on Monday.
Associated Banc-Corp, a bank holding company, offers various banking and nonbanking financial services to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has a P/E ratio of 16.73.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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 $38.87 as of 9:51 a.m. ET, the dividend yield is 1.7%.
The average volume for ITC Holdings has been 984,300 shares per day over the past 30 days. ITC Holdings has a market cap of $6.1 billion and is part of the utilities industry. Shares are up 22.6% year-to-date as of the close of trading on Monday.
ITC Holdings Corp., together with its subsidiaries, is engaged in the transmission of electricity in the United States. The company has a P/E ratio of 22.56.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. 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.