3 Stocks With Upcoming Ex-Dividend Dates: FGP, DV, NAVI

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, Wednesday, June 4, 2014, 4:00 AM ET, 47 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ferrellgas Partners

Owners of Ferrellgas Partners (NYSE: FGP) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $27.56 as of 9:36 a.m. ET, the dividend yield is 7.2%.

The average volume for Ferrellgas Partners has been 202,400 shares per day over the past 30 days. Ferrellgas Partners has a market cap of $2.2 billion and is part of the energy industry. Shares are up 19.9% year-to-date as of the close of trading on Monday.

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Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. The company has a P/E ratio of 42.71.

TheStreet Ratings rates Ferrellgas Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ferrellgas Partners Ratings Report now.

DeVry Education Group

Owners of DeVry Education Group (NYSE: DV) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.44 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for DeVry Education Group has been 590,500 shares per day over the past 30 days. DeVry Education Group has a market cap of $2.7 billion and is part of the diversified services industry. Shares are up 18.4% year-to-date as of the close of trading on Monday.

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DeVry Education Group Inc. provides educational services worldwide. The company has a P/E ratio of 29.33.

TheStreet Ratings rates DeVry Education Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full DeVry Education Group Ratings Report now.

Navient

Owners of Navient (NASDAQ: NAVI) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $15.80 as of 9:35 a.m. ET, the dividend yield is 3.8%.

The average volume for Navient has been 4.5 million shares per day over the past 30 days. Navient has a market cap of $6.7 billion and is part of the financial services industry. Shares are unchanged year-to-date as of the close of trading on Monday.

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

Navient Corporation provides financial products and services focusing on the education sector. The company's Consumer Lending segment originates, acquires, finances, and services private education loans.

TheStreet Ratings rates Navient as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Navient 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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