4 Stocks Going Ex-Dividend Tomorrow: LAND, DSL, HIMX, FL

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 Land

Owners of Gladstone Land (NASDAQ: LAND) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $16.40 as of 9:32 a.m. ET, the dividend yield is 8.7%.

The average volume for Gladstone Land has been 28,500 shares per day over the past 30 days. Gladstone Land has a market cap of $107.6 million and is part of the real estate industry. Shares are unchanged year to date as of the close of trading on Monday.

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The company has a P/E ratio of 96.94.

You can view the full Gladstone Land Ratings Report now.

DoubleLine Income Solutions Fund

Owners of DoubleLine Income Solutions Fund (NYSE: DSL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $22.36 as of 9:34 a.m. ET, the dividend yield is 8%.

The average volume for DoubleLine Income Solutions Fund has been 337,200 shares per day over the past 30 days. DoubleLine Income Solutions Fund has a market cap of $2.1 billion and is part of the financial services industry. Shares are unchanged year to date as of the close of trading on Monday.

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You can view the full DoubleLine Income Solutions Fund Ratings Report now.

Himax Technologies

Owners of Himax Technologies (NASDAQ: HIMX) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $6.15 as of 9:36 a.m. ET, the dividend yield is 4.3%.

The average volume for Himax Technologies has been 5.1 million shares per day over the past 30 days. Himax Technologies has a market cap of $956.4 million and is part of the electronics industry. Shares are up 135% year to date as of the close of trading on Monday.

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Himax Technologies, Inc. designs, develops, and markets semiconductors for flat panel displays. The company operates in two segments, Driver IC and Non-Driver Products. The company has a P/E ratio of 17.62.

TheStreet Ratings rates Himax Technologies 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, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Himax Technologies Ratings Report now.

Foot Locker

Owners of Foot Locker (NYSE: FL) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $37.04 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Foot Locker has been 2.5 million shares per day over the past 30 days. Foot Locker has a market cap of $5.8 billion and is part of the consumer non-durables industry. Shares are up 15.3% year to date as of the close of trading on Monday.

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Foot Locker, Inc., together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. The company has a P/E ratio of 13.98.

TheStreet Ratings rates Foot Locker as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Foot Locker 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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