3 Stocks Going Ex-Dividend Monday: GLAD, PRI, MAC

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, August 18, 2014, 27 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 9.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Gladstone Capital

Owners of Gladstone Capital (NASDAQ: GLAD) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $9.63 as of 9:33 a.m. ET, the dividend yield is 8.6%.

The average volume for Gladstone Capital has been 208,900 shares per day over the past 30 days. Gladstone Capital has a market cap of $205.4 million and is part of the financial services industry. Shares are up 2.2% year-to-date as of the close of trading on Thursday.

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Gladstone Capital Corporation is a business development company specializing in investments in debt and equity securities. The company has a P/E ratio of 12.22.

TheStreet Ratings rates Gladstone Capital as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Gladstone Capital Ratings Report now.

Primerica

Owners of Primerica (NYSE: PRI) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $48.15 as of 9:41 a.m. ET, the dividend yield is 1%.

The average volume for Primerica has been 224,600 shares per day over the past 30 days. Primerica has a market cap of $2.6 billion and is part of the insurance industry. Shares are up 11.3% year-to-date as of the close of trading on Thursday.

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Primerica, Inc., together with its subsidiaries, distributes financial products to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. The company has a P/E ratio of 15.31.

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

Macerich

Owners of Macerich (NYSE: MAC) shares, as of market close today, will be eligible for a dividend of 62 cents per share. At a price of $66.02 as of 9:40 a.m. ET, the dividend yield is 3.7%.

The average volume for Macerich has been 605,300 shares per day over the past 30 days. Macerich has a market cap of $9.3 billion and is part of the real estate industry. Shares are up 12.5% year-to-date as of the close of trading on Thursday.

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The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The company has a P/E ratio of 116.26.

TheStreet Ratings rates Macerich as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Macerich 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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