3 Stocks With Upcoming Ex-Dividend Dates: PMM, HEES, ATO

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, Thursday, November 20, 2014, 28 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 11.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Putnam Managed Municipal Income

Owners of Putnam Managed Municipal Income (NYSE: PMM) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $7.15 as of 9:30 a.m. ET, the dividend yield is 6.1%.

The average volume for Putnam Managed Municipal Income has been 116,900 shares per day over the past 30 days. Putnam Managed Municipal Income has a market cap of $406.7 million and is part of the financial services industry. Shares are up 7.4% year-to-date as of the close of trading on Tuesday.

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The company has a P/E ratio of 13.98.

H&E Equipment Services

Owners of H&E Equipment Services (NASDAQ: HEES) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $35.76 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for H&E Equipment Services has been 280,000 shares per day over the past 30 days. H&E Equipment Services has a market cap of $1.3 billion and is part of the diversified services industry. Shares are up 22.4% year-to-date as of the close of trading on Tuesday.

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H&E Equipment Services, Inc. operates as an integrated equipment services company. The company rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, crane, earthmoving equipment, and industrial lift truck categories. The company has a P/E ratio of 23.55.

TheStreet Ratings rates H&E Equipment Services as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full H&E Equipment Services Ratings Report now.

Atmos Energy

Owners of Atmos Energy (NYSE: ATO) shares, as of market close today, will be eligible for a dividend of 39 cents per share. At a price of $53.34 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Atmos Energy has been 557,000 shares per day over the past 30 days. Atmos Energy has a market cap of $5.4 billion and is part of the utilities industry. Shares are up 17.6% year-to-date as of the close of trading on Tuesday.

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Atmos Energy Corporation, together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Regulated Distribution, Regulated Pipeline, and Nonregulated. The company has a P/E ratio of 18.06.

TheStreet Ratings rates Atmos Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Atmos Energy 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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