3 Stocks With Upcoming Ex-Dividend Dates: ANDE, CUBE, AFSI

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.

Tomorrow, Friday, March 28, 2014, 4:00 AM ET, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 8.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Andersons

Owners of Andersons (NASDAQ: ANDE) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $57.27 as of 9:41 a.m. ET, the dividend yield is 0.8%.

The average volume for Andersons has been 282,800 shares per day over the past 30 days. Andersons has a market cap of $1.6 billion and is part of the food & beverage industry. Shares are down 3.5% year-to-date as of the close of trading on Wednesday.

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The Andersons, Inc. is engaged in the grain, ethanol, plant nutrient, railcar leasing, turf and cob products, and consumer retailing businesses. It operates in six segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. The company has a P/E ratio of 18.13.

TheStreet Ratings rates Andersons 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, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Andersons Ratings Report now.

CubeSmart

Owners of CubeSmart (NYSE: CUBE) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $16.82 as of 9:41 a.m. ET, the dividend yield is 3%.

The average volume for CubeSmart has been 1.3 million shares per day over the past 30 days. CubeSmart has a market cap of $2.4 billion and is part of the real estate industry. Shares are up 5.7% year-to-date as of the close of trading on Wednesday.

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CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States. The company has a P/E ratio of 586.00.

TheStreet Ratings rates CubeSmart as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full CubeSmart Ratings Report now.

AmTrust Financial Services

Owners of AmTrust Financial Services (NASDAQ: AFSI) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $38.26 as of 9:40 a.m. ET, the dividend yield is 2.1%.

The average volume for AmTrust Financial Services has been 859,800 shares per day over the past 30 days. AmTrust Financial Services has a market cap of $2.9 billion and is part of the insurance industry. Shares are up 16.4% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has a P/E ratio of 10.33.

TheStreet Ratings rates AmTrust Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, growth in earnings per share, notable return on equity 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 AmTrust Financial Services 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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