Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Wednesday: MCI, LRE, GEL

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.

Wednesday, Wednesday, April 29, 2015, 35 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 16.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Wednesday:

Babson Capital Corporate Investors

Owners of Babson Capital Corporate Investors (NYSE: MCI) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $15.86 as of 3:59 p.m. ET, the dividend yield is 7.5%.

The average volume for Babson Capital Corporate Investors has been 16,000 shares per day over the past 30 days. Babson Capital Corporate Investors has a market cap of $311.4 million and is part of the financial services industry. Shares are up 0.6% year-to-date as of the close of trading on Friday.

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LRR Energy

Owners of LRR Energy (NYSE: LRE) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $8.66 as of 9:36 a.m. ET, the dividend yield is 8.6%.

The average volume for LRR Energy has been 314,700 shares per day over the past 30 days. LRR Energy has a market cap of $244.0 million and is part of the energy industry. Shares are up 22.9% year-to-date as of the close of trading on Monday.

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LRR Energy, L.P., through its subsidiary, LRE Operating, LLC, operates, acquires, exploits, and develops producing oil and natural gas properties in North America. The company has a P/E ratio of 4.48.

TheStreet Ratings rates LRR Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk. You can view the full LRR Energy Ratings Report now.

Genesis Energy

Owners of Genesis Energy (NYSE: GEL) shares, as of market close today, will be eligible for a dividend of 61 cents per share. At a price of $48.38 as of 9:34 a.m. ET, the dividend yield is 5.1%.

The average volume for Genesis Energy has been 379,800 shares per day over the past 30 days. Genesis Energy has a market cap of $4.5 billion and is part of the energy industry. Shares are up 12.5% year-to-date as of the close of trading on Monday.

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Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. Its Onshore Pipeline Transportation segment transports crude oil and carbon dioxide (CO2). The company has a P/E ratio of 40.43.

TheStreet Ratings rates Genesis Energy as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Genesis 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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