3 Stocks Going Ex-Dividend Tomorrow: GOOD, CLP, PKI

Tomorrow, July 17, 2013, 11 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 8.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Gladstone Commercial Corporation

Owners of Gladstone Commercial Corporation (NASDAQ: GOOD) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $19.14 as of 9:34 a.m. ET, the dividend yield is 7.9%.

The average volume for Gladstone Commercial Corporation has been 112,900 shares per day over the past 30 days. Gladstone Commercial Corporation has a market cap of $242.3 million and is part of the real estate industry. Shares are up 6.3% year to date as of the close of trading on Monday.

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Gladstone Commercial Corporation operates as a real estate investment trust (REIT) in the United States. It engages in investing in and owning net leased industrial and commercial real properties, and making long-term industrial and commercial mortgage loans.

TheStreet Ratings rates Gladstone Commercial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year 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 disappointing return on equity. You can view the full Gladstone Commercial Corporation Ratings Report now.

Colonial Properties

Owners of Colonial Properties (NYSE: CLP) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $24.24 as of 9:33 a.m. ET, the dividend yield is 3.5%.

The average volume for Colonial Properties has been 1.2 million shares per day over the past 30 days. Colonial Properties has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 13% year to date as of the close of trading on Monday.

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Colonial Properties Trust is a real estate investment trust (REIT). The firm engages in the acquisition, development, ownership, management, and leasing of commercial real estate properties. It invests in the public equity and real estate markets of the United States.

TheStreet Ratings rates Colonial Properties as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Colonial Properties Ratings Report now.

PerkinElmer

Owners of PerkinElmer (NYSE: PKI) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $33.99 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for PerkinElmer has been 1.3 million shares per day over the past 30 days. PerkinElmer has a market cap of $3.8 billion and is part of the health services industry. Shares are up 6.5% year to date as of the close of trading on Monday.

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PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, research, environmental, industrial, and laboratory services markets worldwide. The company operates in two segments, Human Health and Environmental Health. The company has a P/E ratio of 49.00.

TheStreet Ratings rates PerkinElmer as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PerkinElmer 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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