Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: DHF, RES, RGA

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, Aug. 6, 2014, 4:00 AM ET, 43 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Dreyfus High Yield Strategies Fund

Owners of Dreyfus High Yield Strategies Fund (NYSE: DHF) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $3.98 as of 9:33 a.m. ET, the dividend yield is 8.9%.

The average volume for Dreyfus High Yield Strategies Fund has been 188,600 shares per day over the past 30 days. Dreyfus High Yield Strategies Fund has a market cap of $285.2 million and is part of the financial services industry. Shares are down 2.2% 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.

The company has a P/E ratio of 8.73.

RPC

Owners of RPC (NYSE: RES) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $21.96 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for RPC has been 690,700 shares per day over the past 30 days. RPC has a market cap of $4.8 billion and is part of the energy industry. Shares are up 24.8% 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.

RPC, Inc. provides oilfield services and equipment for oil and gas companies engaged in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, China, Eastern Europe, Latin America, the Middle East, and New Zealand. The company has a P/E ratio of 24.74.

TheStreet Ratings rates RPC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full RPC Ratings Report now.

Reinsurance Group of America

Owners of Reinsurance Group of America (NYSE: RGA) shares, as of market close today, will be eligible for a dividend of 33 cents per share. At a price of $80.95 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Reinsurance Group of America has been 379,500 shares per day over the past 30 days. Reinsurance Group of America has a market cap of $5.5 billion and is part of the insurance industry. Shares are up 4.9% 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.

Reinsurance Group of America, Incorporated is engaged in the life and health reinsurance business. The company has a P/E ratio of 9.00.

TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Reinsurance Group of America 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.

null

More from Markets

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb