Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: ARDC, PACW, SID, HIW, ABC

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Tomorrow, Aug. 15, 2013, 28 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 40%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ares Dynamic Credit Allocation Fund

Owners of Ares Dynamic Credit Allocation Fund (NYSE: ARDC) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.89 as of 9:31 a.m. ET, the dividend yield is 7.3%.

The average volume for Ares Dynamic Credit Allocation Fund has been 70,900 shares per day over the past 30 days. Ares Dynamic Credit Allocation Fund has a market cap of $306.1 million and is part of the financial services industry. Shares are down 4.6% year to date as of the close of trading on Tuesday.

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PacWest Bancorp

Owners of PacWest Bancorp (NASDAQ: PACW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $34.77 as of 9:32 a.m. ET, the dividend yield is 2.9%.

The average volume for PacWest Bancorp has been 397,800 shares per day over the past 30 days. PacWest Bancorp has a market cap of $1.6 billion and is part of the banking industry. Shares are up 41.4% year to date as of the close of trading on Tuesday.

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PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides commercial banking products and services to small to medium sized businesses, and the owners and employees of those businesses primarily in Southern California. The company has a P/E ratio of 24.33.

TheStreet Ratings rates PacWest Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PacWest Bancorp Ratings Report now.

Companhia Siderurgica Nacional

Owners of Companhia Siderurgica Nacional (NYSE: SID) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $3.33 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for Companhia Siderurgica Nacional has been 6.0 million shares per day over the past 30 days. Companhia Siderurgica Nacional has a market cap of $4.8 billion and is part of the metals & mining industry. Shares are down 43.4% year to date as of the close of trading on Tuesday.

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Companhia Siderurgica Nacional operates as an integrated steel producer primarily in Brazil. The company principally produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries.

TheStreet Ratings rates Companhia Siderurgica Nacional as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Companhia Siderurgica Nacional Ratings Report now.

Highwoods Properties

Owners of Highwoods Properties (NYSE: HIW) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $35.32 as of 9:36 a.m. ET, the dividend yield is 4.7%.

The average volume for Highwoods Properties has been 970,100 shares per day over the past 30 days. Highwoods Properties has a market cap of $3.0 billion and is part of the real estate industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

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Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The company has a P/E ratio of 53.46.

TheStreet Ratings rates Highwoods Properties 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, revenue growth, reasonable 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 Highwoods Properties Ratings Report now.

AmerisourceBergen

Owners of AmerisourceBergen (NYSE: ABC) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $58.43 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for AmerisourceBergen has been 2.2 million shares per day over the past 30 days. AmerisourceBergen has a market cap of $13.5 billion and is part of the wholesale industry. Shares are up 35.9% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 25.96.

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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