3 Stocks Going Ex-Dividend Tomorrow: SSNC, AIZ, WYN

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, November 26, 2014, 62 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 13.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

SS&C Technologies Holdings

Owners of SS&C Technologies Holdings (NASDAQ: SSNC) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $50.83 as of 10:01 a.m. ET, the dividend yield is 1%.

The average volume for SS&C Technologies Holdings has been 225,800 shares per day over the past 30 days. SS&C Technologies Holdings has a market cap of $4.2 billion and is part of the computer software & services industry. Shares are up 15% year-to-date as of the close of trading on Monday.

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SS&C Technologies Holdings, Inc. provides software products and software-enabled services to the financial services industry primarily in North America. The company has a P/E ratio of 36.46.

TheStreet Ratings rates SS&C Technologies Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SS&C Technologies Holdings Ratings Report now.

Assurant

Owners of Assurant (NYSE: AIZ) shares, as of market close today, will be eligible for a dividend of 27 cents per share. At a price of $68.13 as of 10:01 a.m. ET, the dividend yield is 1.6%.

The average volume for Assurant has been 512,000 shares per day over the past 30 days. Assurant has a market cap of $4.8 billion and is part of the insurance industry. Shares are up 3% year-to-date as of the close of trading on Monday.

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Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America, Latin America, Europe, and internationally. The company has a P/E ratio of 9.54.

TheStreet Ratings rates Assurant as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Assurant Ratings Report now.

Wyndham Worldwide

Owners of Wyndham Worldwide (NYSE: WYN) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $81.57 as of 10:01 a.m. ET, the dividend yield is 1.8%.

The average volume for Wyndham Worldwide has been 1.1 million shares per day over the past 30 days. Wyndham Worldwide has a market cap of $9.8 billion and is part of the leisure industry. Shares are up 10.3% 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.

Wyndham Worldwide Corporation provides various hospitality services and products to individual and business customers in the United States, the United Kingdom, the Netherlands, and internationally. The company has a P/E ratio of 19.09.

TheStreet Ratings rates Wyndham Worldwide as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, reasonable valuation levels and good cash flow from operations. 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 Wyndham Worldwide 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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