3 Stocks Going Ex-Dividend Monday: GLU, OFS, SNH

Monday, July 15, 2013, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 11.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Gabelli Global Utility & Income

Owners of Gabelli Global Utility & Income (AMEX: GLU) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $19.30 as of 9:35 a.m. ET, the dividend yield is 6.3%.

The average volume for Gabelli Global Utility & Income has been 28,700 shares per day over the past 30 days. Gabelli Global Utility & Income has a market cap of $59.2 million and is part of the financial services industry. Shares are down 8.5% 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.

The company has a P/E ratio of 29.84.

You can view the full Gabelli Global Utility & Income Ratings Report now.

OFS Capital

Owners of OFS Capital (NASDAQ: OFS) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $12.28 as of 9:30 a.m. ET, the dividend yield is 11.4%.

The average volume for OFS Capital has been 81,300 shares per day over the past 30 days. OFS Capital has a market cap of $115.3 million and is part of the financial services industry. Shares are down 12.5% 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 OFS Capital Ratings Report now.

Senior Housing Properties

Owners of Senior Housing Properties (NYSE: SNH) shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $27.30 as of 9:36 a.m. ET, the dividend yield is 5.9%.

The average volume for Senior Housing Properties has been 1.7 million shares per day over the past 30 days. Senior Housing Properties has a market cap of $4.9 billion and is part of the real estate industry. Shares are up 11.3% 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.

Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. The company has a P/E ratio of 33.30.

TheStreet Ratings rates Senior Housing Properties as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Senior Housing Properties 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.
null

If you liked this article you might like

3 Stocks With Upcoming Ex-Dividend Dates: GLU, CEN, BGR

3 Stocks With Upcoming Ex-Dividend Dates: GLU, CEN, BGR

3 Stocks With Upcoming Ex-Dividend Dates: GLU, DHY, PKY

3 Stocks With Upcoming Ex-Dividend Dates: GLU, DHY, PKY

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: GLU, EVN, HPI

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: GLU, EVN, HPI

3 Stocks Going Ex-Dividend Tomorrow: GLU, GNT, VCV

3 Stocks Going Ex-Dividend Tomorrow: GLU, GNT, VCV

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Monday: GLU, TICC, TDS

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Monday: GLU, TICC, TDS