3 Stocks Going Ex-Dividend Monday: IAG, KIM, ITUB

Monday, July 1, 2013, 11 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 6.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Iamgold

Owners of Iamgold (NYSE: IAG) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $4.18 as of 9:35 a.m. ET, the dividend yield is 6.5%.

The average volume for Iamgold has been 7.2 million shares per day over the past 30 days. Iamgold has a market cap of $1.4 billion and is part of the metals & mining industry. Shares are down 64.3% year to date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

IAMGOLD Corporation engages in the exploration, development, and operation of mining properties. Its products include gold, silver, niobium, and copper deposits. The company has a P/E ratio of 8.75.

TheStreet Ratings rates Iamgold as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full Iamgold Ratings Report now.

Kimco Realty

Owners of Kimco Realty (NYSE: KIM) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $21.50 as of 9:35 a.m. ET, the dividend yield is 4%.

The average volume for Kimco Realty has been 3.8 million shares per day over the past 30 days. Kimco Realty has a market cap of $8.6 billion and is part of the real estate industry. Shares are up 12% year to date as of the close of trading on Thursday.

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Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The company has a P/E ratio of 73.60.

TheStreet Ratings rates Kimco Realty as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, revenue growth, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Kimco Realty Ratings Report now.

Itau Unibanco

Owners of Itau Unibanco (NYSE: ITUB) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $12.74 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Itau Unibanco has been 10.4 million shares per day over the past 30 days. Itau Unibanco has a market cap of $63.5 billion and is part of the banking industry. Shares are down 21% year to date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

You can view the full Itau Unibanco 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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