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, August 29, 2014, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 6.2%. 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 10 cents per share. At a price of $47.11 as of 9:40 a.m. ET, the dividend yield is 0.8%.
The average volume for Abaxis has been 179,200 shares per day over the past 30 days. Abaxis has a market cap of $1.1 billion and is part of the health services industry. Shares are up 17.9% year-to-date as of the close of trading on Wednesday.
Abaxis, Inc. develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide blood constituent measurements for clinicians worldwide. It operates in two segments, Medical Market and Veterinary Market. The company has a P/E ratio of 67.64.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $25.08 as of 9:41 a.m. ET, the dividend yield is 0.3%.
The average volume for Aaron's has been 738,600 shares per day over the past 30 days. Aaron's has a market cap of $1.8 billion and is part of the diversified services industry. Shares are down 14.5% year-to-date as of the close of trading on Wednesday.
Aaron's, Inc. operates as a specialty retailer of consumer electronics, computers, residential furniture, household appliances, and accessories in the United States and Canada. The company operates in four segments: Sales and Lease Ownership, HomeSmart, Franchise, and Manufacturing. The company has a P/E ratio of 20.90.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. 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 $128.32 as of 9:40 a.m. ET, the dividend yield is 1%.
The average volume for Alliant Techsystems has been 375,800 shares per day over the past 30 days. Alliant Techsystems has a market cap of $4.2 billion and is part of the aerospace/defense industry. Shares are up 5.7% year-to-date as of the close of trading on Wednesday.
Alliant Techsystems Inc. develops and produces aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors in the United States, Puerto Rico, and internationally. The company has a P/E ratio of 12.16.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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.