4 Stocks Going Ex-Dividend Tomorrow: GNTX, DCT, GD, AXP

Tomorrow, July 2, 2013, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 10.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Gentex Corporation

Owners of Gentex Corporation (NASDAQ: GNTX) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $23.18 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Gentex Corporation has been 919,900 shares per day over the past 30 days. Gentex Corporation has a market cap of $3.3 billion and is part of the automotive industry. Shares are up 22.3% year to date as of the close of trading on Friday.

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Gentex Corporation designs, develops, manufactures, and markets electro-optical products for the automotive, commercial building, and aircraft industries primarily in the United States, Germany, and Japan. The company has a P/E ratio of 19.89.

TheStreet Ratings rates Gentex Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Gentex Corporation Ratings Report now.

DCT Industrial

Owners of DCT Industrial (NYSE: DCT) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $7.23 as of 9:36 a.m. ET, the dividend yield is 3.9%.

The average volume for DCT Industrial has been 4.6 million shares per day over the past 30 days. DCT Industrial has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 10.2% year to date as of the close of trading on Friday.

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DCT Industrial Trust Inc. operates as a publicly owned real estate investment trust. The firm provides its services to companies. Through its fund, it engages in the ownership, operation, and development of real estate properties.

TheStreet Ratings rates DCT Industrial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full DCT Industrial Ratings Report now.

General Dynamics

Owners of General Dynamics (NYSE: GD) shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $78.45 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for General Dynamics has been 2.1 million shares per day over the past 30 days. General Dynamics has a market cap of $27.8 billion and is part of the aerospace/defense industry. Shares are up 13.1% year to date as of the close of trading on Friday.

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General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full General Dynamics Ratings Report now.

American Express

Owners of American Express (NYSE: AXP) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $75.88 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for American Express has been 5.7 million shares per day over the past 30 days. American Express has a market cap of $82.5 billion and is part of the financial services industry. Shares are up 30.1% year to date as of the close of trading on Friday.

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

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company has a P/E ratio of 18.92.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 American Express 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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