Tomorrow's Ex-Dividends To Watch: PRA, BBVA, XRAY

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, September 24, 2014, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 11.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Proassurance

Owners of Proassurance (NYSE: PRA) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $45.45 as of 9:45 a.m. ET, the dividend yield is 2.6%.

The average volume for Proassurance has been 178,600 shares per day over the past 30 days. Proassurance has a market cap of $2.7 billion and is part of the insurance industry. Shares are down 5.9% 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.

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company has a P/E ratio of 12.12.

TheStreet Ratings rates Proassurance 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, expanding profit margins, growth in earnings per share and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Proassurance Ratings Report now.

Banco Bilbao Vizcaya Argentaria

Owners of Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $12.34 as of 9:46 a.m. ET, the dividend yield is 2.8%.

The average volume for Banco Bilbao Vizcaya Argentaria has been 1.2 million shares per day over the past 30 days. Banco Bilbao Vizcaya Argentaria has a market cap of $73.5 billion and is part of the banking industry. Shares are down 0.3% 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 31.21.

DENTSPLY International

Owners of DENTSPLY International (NASDAQ: XRAY) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $45.85 as of 9:46 a.m. ET, the dividend yield is 0.6%.

The average volume for DENTSPLY International has been 574,600 shares per day over the past 30 days. DENTSPLY International has a market cap of $6.6 billion and is part of the health services industry. Shares are down 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.

DENTSPLY International Inc. designs, develops, manufactures, and markets various consumable dental products for the professional dental market worldwide. The company has a P/E ratio of 21.28.

TheStreet Ratings rates DENTSPLY International as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full DENTSPLY International 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

Why You Should Watch These 6 Stocks Rising on Unusual Volume

Why You Should Watch These 6 Stocks Rising on Unusual Volume

Turn to Insurers for Some Portfolio Insurance

Turn to Insurers for Some Portfolio Insurance

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Monday: OCIP, AHH, PRA

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Monday: OCIP, AHH, PRA

3 Stocks With Upcoming Ex-Dividend Dates: ACSF, PFLT, PRA

3 Stocks With Upcoming Ex-Dividend Dates: ACSF, PFLT, PRA

Insider Trading Alert - PRA, JOY And MYCC Traded By Insiders

Insider Trading Alert - PRA, JOY And MYCC Traded By Insiders