3 Stocks With Upcoming Ex-Dividend Dates: MCC, SON, SIX

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Monday, Monday, Feb. 24, 2014, 5:00 AM ET, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 10.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Medley Capital

Owners of Medley Capital (NYSE: MCC) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $14.44 as of 9:35 a.m. ET, the dividend yield is 10.4%.

The average volume for Medley Capital has been 498,500 shares per day over the past 30 days. Medley Capital has a market cap of $660.2 million and is part of the financial services industry. Shares are up 3.2% year-to-date as of the close of trading on Thursday.

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Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. The company has a P/E ratio of 10.74.

TheStreet Ratings rates Medley Capital as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Medley Capital Ratings Report now.

Sonoco Products Company

Owners of Sonoco Products Company (NYSE: SON) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $41.58 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Sonoco Products Company has been 491,000 shares per day over the past 30 days. Sonoco Products Company has a market cap of $4.2 billion and is part of the consumer non-durables industry. Shares are down 0.7% year-to-date as of the close of trading on Thursday.

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Sonoco Products Company engages in the manufacture and sale of industrial and consumer packaging products in the United States, Europe, Canada, and other regions. The company has a P/E ratio of 18.02.

TheStreet Ratings rates Sonoco Products Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Sonoco Products Company Ratings Report now.

Six Flags Entertainment

Owners of Six Flags Entertainment (NYSE: SIX) shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $39.94 as of 9:35 a.m. ET, the dividend yield is 4.7%.

The average volume for Six Flags Entertainment has been 583,500 shares per day over the past 30 days. Six Flags Entertainment has a market cap of $3.8 billion and is part of the leisure industry. Shares are up 8.3% year-to-date as of the close of trading on Thursday.

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Six Flags Entertainment Corporation owns and operates regional theme, water, and zoological parks. The company's parks offer various state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company has a P/E ratio of 34.21.

TheStreet Ratings rates Six Flags Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Six Flags Entertainment 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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