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. Tuesday, Tuesday, December 02, 2014, 14 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 10.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tuesday: Avista Owners of Avista (NYSE: AVA) shares, as of market close today, will be eligible for a dividend of 32 cents per share. At a price of $34.45 as of 1:08 p.m. ET, the dividend yield is 3.7%. The average volume for Avista has been 402,900 shares per day over the past 30 days. Avista has a market cap of $2.1 billion and is part of the utilities industry. Shares are up 21.6% 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. Avista Corporation, an energy company, is engaged in the generation, transmission, and distribution of electricity; and distribution of natural gas primarily in the United States and Canada. It operates in two segments, Avista Utilities and Ecova. The company has a P/E ratio of 16.57. TheStreet Ratings rates Avista as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Avista Ratings Report now.
Cooper Tire & Rubber Owners of Cooper Tire & Rubber (NYSE: CTB) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $33.93 as of 1:06 p.m. ET, the dividend yield is 1.2%. The average volume for Cooper Tire & Rubber has been 718,200 shares per day over the past 30 days. Cooper Tire & Rubber has a market cap of $2.0 billion and is part of the consumer non-durables industry. Shares are up 40.7% 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. Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires worldwide. It operates in two segments, North American Tire Operations and International Tire Operations. The company has a P/E ratio of 14.21. TheStreet Ratings rates Cooper Tire & Rubber as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cooper Tire & Rubber Ratings Report now.
Joy Global Owners of Joy Global (NYSE: JOY) shares, as of market close today, will be eligible for a dividend of 20 cents per share. At a price of $49.04 as of 1:07 p.m. ET, the dividend yield is 1.5%. The average volume for Joy Global has been 1.3 million shares per day over the past 30 days. Joy Global has a market cap of $5.2 billion and is part of the industrial industry. Shares are down 10% 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. Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 24.27. TheStreet Ratings rates Joy Global as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Joy Global 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.