4 Stocks Going Ex-Dividend Tomorrow: BGB, AYI, AMX, GG

Tomorrow, July 16, 2013, 4 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 7.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Blackstone / GSO Strategic Credit Fund

Owners of Blackstone / GSO Strategic Credit Fund (NYSE: BGB) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.83 as of 9:35 a.m. ET, the dividend yield is 7.4%.

The average volume for Blackstone / GSO Strategic Credit Fund has been 154,200 shares per day over the past 30 days. Blackstone / GSO Strategic Credit Fund has a market cap of $847.7 million and is part of the financial services industry. Shares are up 2.4% 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.

You can view the full Blackstone / GSO Strategic Credit Fund Ratings Report now.

Acuity Brands

Owners of Acuity Brands (NYSE: AYI) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $85.49 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Acuity Brands has been 350,100 shares per day over the past 30 days. Acuity Brands has a market cap of $3.7 billion and is part of the electronics industry. Shares are up 27% 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.

Acuity Brands, Inc., through its subsidiaries, engages in the design, production, and distribution of lighting solutions and services in North America and internationally. The company has a P/E ratio of 32.09.

TheStreet Ratings rates Acuity Brands as a buy. 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, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Acuity Brands Ratings Report now.

America Movil S.A.B. de C.V

Owners of America Movil S.A.B. de C.V (NYSE: AMX) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.43 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for America Movil S.A.B. de C.V has been 6.9 million shares per day over the past 30 days. America Movil S.A.B. de C.V has a market cap of $80.7 billion and is part of the telecommunications industry. Shares are down 8% 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.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. The company has a P/E ratio of 11.82.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full America Movil S.A.B. de C.V Ratings Report now.

Goldcorp

Owners of Goldcorp (NYSE: GG) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $25.75 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Goldcorp has been 8.1 million shares per day over the past 30 days. Goldcorp has a market cap of $21.2 billion and is part of the metals & mining industry. Shares are down 28.7% 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.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. The company has a P/E ratio of 14.78.

TheStreet Ratings rates Goldcorp 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 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, disappointing return on equity and weak operating cash flow. You can view the full Goldcorp 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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