Monday's Ex-Dividends To Watch: CCG, KAR, IRM

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, June 23, 2014, 4:00 AM ET, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 3.1% to 7.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Campus Crest Communities

Owners of Campus Crest Communities (NYSE: CCG) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $8.77 as of 9:45 a.m. ET, the dividend yield is 7.6%.

The average volume for Campus Crest Communities has been 474,300 shares per day over the past 30 days. Campus Crest Communities has a market cap of $563.0 million and is part of the real estate industry. Shares are down 7% year-to-date as of the close of trading on Thursday.

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

Campus Crest Communities, Inc., a real estate investment trust (REIT), engages in the ownership, development, building, and management of student housing properties under the Grove brand name in the United States.

TheStreet Ratings rates Campus Crest Communities as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Campus Crest Communities Ratings Report now.

KAR Auction Services

Owners of KAR Auction Services (NYSE: KAR) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $31.87 as of 9:46 a.m. ET, the dividend yield is 3.1%.

The average volume for KAR Auction Services has been 947,600 shares per day over the past 30 days. KAR Auction Services has a market cap of $4.5 billion and is part of the specialty retail industry. Shares are up 8.3% year-to-date as of the close of trading on Thursday.

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

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The company has a P/E ratio of 75.86.

TheStreet Ratings rates KAR Auction Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations 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 KAR Auction Services Ratings Report now.

Iron Mountain

Owners of Iron Mountain (NYSE: IRM) shares, as of market close today, will be eligible for a dividend of 27 cents per share. At a price of $30.75 as of 9:46 a.m. ET, the dividend yield is 3.5%.

The average volume for Iron Mountain has been 1.6 million shares per day over the past 30 days. Iron Mountain has a market cap of $5.9 billion and is part of the computer software & services industry. Shares are up 0.5% year-to-date as of the close of trading on Thursday.

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

Iron Mountain Incorporated, together with its subsidiaries, provides storage and information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 48.30.

TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, increase in stock price during the past year, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Iron Mountain 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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