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. Monday, Monday, March 02, 2015, 30 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 11%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Monday: First Trust Senior Floating Rate Income Fun Owners of First Trust Senior Floating Rate Income Fun (NYSE: FCT) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $13.56 as of 9:37 a.m. ET, the dividend yield is 6.3%. The average volume for First Trust Senior Floating Rate Income Fun has been 124,000 shares per day over the past 30 days. First Trust Senior Floating Rate Income Fun has a market cap of $363.3 million and is part of the financial services industry. Shares are up 4% year-to-date as of the close of trading on Thursday. 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 9.20.
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 $39.94 as of 9:41 a.m. ET, the dividend yield is 4.6%. The average volume for Greenhill has been 326,000 shares per day over the past 30 days. Greenhill has a market cap of $1.1 billion and is part of the financial services industry. Shares are down 9% year-to-date as of the close of trading on Thursday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. 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 27.41. TheStreet Ratings rates Greenhill as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Greenhill 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 $39.10 as of 9:41 a.m. ET, the dividend yield is 1.1%. The average volume for Cooper Tire & Rubber has been 990,700 shares per day over the past 30 days. Cooper Tire & Rubber has a market cap of $2.2 billion and is part of the consumer non-durables industry. Shares are up 13% year-to-date as of the close of trading on Thursday. 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 11.03. TheStreet Ratings rates Cooper Tire & Rubber as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cooper Tire & Rubber 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.