3 Stocks With Upcoming Ex-Dividend Dates: TAL, GHL, CSC

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, Friday, August 29, 2014, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 6.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

TAL International Group

Owners of TAL International Group (NYSE: TAL) shares, as of market close today, will be eligible for a dividend of 72 cents per share. At a price of $45.65 as of 9:41 a.m. ET, the dividend yield is 6.2%.

The average volume for TAL International Group has been 281,700 shares per day over the past 30 days. TAL International Group has a market cap of $1.6 billion and is part of the diversified services industry. Shares are down 20.1% year-to-date as of the close of trading on Wednesday.

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

TAL International Group, Inc., together with its subsidiaries, leases intermodal transportation equipment and provides maritime container management services worldwide. The company operates in two segments, Equipment Leasing and Equipment Trading. The company has a P/E ratio of 12.25.

TheStreet Ratings rates TAL International Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, 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 sub par growth in net income. You can view the full TAL International Group Ratings Report now.

Greenhill

Owners of Greenhill (NYSE: GHL) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $49.10 as of 9:41 a.m. ET, the dividend yield is 3.6%.

The average volume for Greenhill has been 476,000 shares per day over the past 30 days. Greenhill has a market cap of $1.4 billion and is part of the financial services industry. Shares are down 14.5% year-to-date as of the close of trading on Wednesday.

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Greenhill & Co., Inc., together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advice on mergers, acquisitions, restructurings, financings, and capital raising. The company has a P/E ratio of 58.79.

TheStreet Ratings rates Greenhill as a hold. The company's strongest point has been its strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. You can view the full Greenhill Ratings Report now.

Computer

Owners of Computer (NYSE: CSC) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $59.70 as of 9:41 a.m. ET, the dividend yield is 1.5%.

The average volume for Computer has been 928,100 shares per day over the past 30 days. Computer has a market cap of $8.7 billion and is part of the computer software & services industry. Shares are up 8.1% year-to-date as of the close of trading on Wednesday.

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

Computer Sciences Corporation provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments. The company has a P/E ratio of 14.98.

TheStreet Ratings rates Computer as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, 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 sub par growth in net income. You can view the full Computer 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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