Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: LGI, ECT, MCR, GEO, SBUX
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, Nov. 12, 2013, 55 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 20.5%. All of these stocks can be found on our
section of our
.
Highlighted Stocks Going Ex-Dividend Tomorrow:
Lazard Global Total Return and Income Fund
Owners of
Lazard Global Total Return and Income Fund
(NYSE:
) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $17.35 as of 9:30 a.m. ET, the dividend yield is 6.3%.
The average volume for Lazard Global Total Return and Income Fund has been 15,500 shares per day over the past 30 days. Lazard Global Total Return and Income Fund has a market cap of $165.4 million and is part of the financial services industry. Shares are up 14.1% year to date as of the close of trading on Friday.
The company has a P/E ratio of 74.85.
- See our top-yielding stocks list.
ECA Marcellus Trust I
Owners of
(NYSE:
) shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $9.65 as of 9:29 a.m. ET, the dividend yield is 15.9%.
The average volume for ECA Marcellus Trust I has been 79,200 shares per day over the past 30 days. Shares are down 35.4% year to date as of the close of trading on Friday.
The company has a P/E ratio of 4.44.
- See our top-yielding stocks list.
MFS Charter Income
Owners of
(NYSE:
) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $9.03 as of 9:35 a.m. ET, the dividend yield is 6.5%.
The average volume for MFS Charter Income has been 173,300 shares per day over the past 30 days. MFS Charter Income has a market cap of $499.5 million and is part of the financial services industry. Shares are down 10.1% year to date as of the close of trading on Friday.
- See our top-yielding stocks list.
Geo Group
Owners of
(NYSE:
) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $33.49 as of 9:29 a.m. ET, the dividend yield is 6.6%.
The average volume for Geo Group has been 748,900 shares per day over the past 30 days. Shares are up 18.7% year to date as of the close of trading on Friday.
The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and re-entry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. The company has a P/E ratio of 11.95.
TheStreet Ratings rates
Geo Group
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
now.
- See our top-yielding stocks list.
Starbucks Corporation
Owners of
(NASDAQ:
) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $81.26 as of 9:30 a.m. ET, the dividend yield is 1.3%.
The average volume for Starbucks Corporation has been 3.9 million shares per day over the past 30 days. Shares are up 47.4% year to date as of the close of trading on Friday.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. The company has a P/E ratio of 34.99.
TheStreet Ratings rates
Starbucks Corporation
as a
. 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, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
Starbucks Corporation Ratings Report
now.
- See our top-yielding stocks list.
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.
- See our dividend calendar.
null
