Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: FT, BTE, FINL

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, August 27, 2014, 91 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 12.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Franklin Universal

Owners of Franklin Universal (NYSE: FT) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $7.39 as of 9:30 a.m. ET, the dividend yield is 6.4%.

The average volume for Franklin Universal has been 35,100 shares per day over the past 30 days. Franklin Universal has a market cap of $186.9 million and is part of the financial services industry. Shares are up 6.6% 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.

Baytex Energy

Owners of Baytex Energy (NYSE: BTE) shares, as of market close today, will be eligible for a dividend of 22 cents per share. At a price of $43.35 as of 9:39 a.m. ET, the dividend yield is 6.2%.

The average volume for Baytex Energy has been 172,600 shares per day over the past 30 days. Baytex Energy has a market cap of $7.1 billion and is part of the energy industry. Shares are up 9.9% 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.

Baytex Energy Corp., an oil and gas company, is engaged in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, and natural gas liquids. The company has a P/E ratio of 28.76.

TheStreet Ratings rates Baytex Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, increase in net income 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 Baytex Energy Ratings Report now.

Finish Line

Owners of Finish Line (NASDAQ: FINL) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $29.89 as of 9:41 a.m. ET, the dividend yield is 1.1%.

The average volume for Finish Line has been 694,100 shares per day over the past 30 days. Finish Line has a market cap of $1.4 billion and is part of the specialty retail industry. Shares are up 5.5% 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 Finish Line, Inc., together with its subsidiaries, operates as a specialty retailer of athletic shoes, apparel, and accessories in the United States. It operates Finish Line stores that offer performance and athletic shoes, as well as apparel and accessories for men, women, and kids. The company has a P/E ratio of 17.38.

TheStreet Ratings rates Finish Line as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Finish Line 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

If you liked this article you might like

Cramer: Right Now, Foot Locker Represents Little Value

Cramer: Right Now, Foot Locker Represents Little Value

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: FT, ERF, FNFG

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: FT, ERF, FNFG

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Thursday: FT, STAG, EPR

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Thursday: FT, STAG, EPR

Tomorrow's Ex-Dividends To Watch: FT, TOO, SKT

Tomorrow's Ex-Dividends To Watch: FT, TOO, SKT

Tomorrow's Ex-Dividends To Watch: FT, CVI, CR

Tomorrow's Ex-Dividends To Watch: FT, CVI, CR