Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: SXE, AHL, JBHT

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.

Tomorrow, Wednesday, May 06, 2015, 39 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 14.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Southcross Energy Partners

Owners of Southcross Energy Partners (NYSE: SXE) shares, as of market close today, will be eligible for a dividend of 40 cents per share. At a price of $14.91 as of 9:33 a.m. ET, the dividend yield is 10.6%.

The average volume for Southcross Energy Partners has been 149,900 shares per day over the past 30 days. Southcross Energy Partners has a market cap of $360.8 million and is part of the utilities industry. Shares are down 4.7% year-to-date as of the close of trading on Monday.

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Southcross Energy Partners, L.P., together with its subsidiaries, provides natural gas gathering, processing, treating, compression, and transportation services in the United States. The company also offers natural gas liquid (NGL) fractionation and transportation services.

TheStreet Ratings rates Southcross Energy Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself, poor profit margins and feeble growth in its earnings per share. You can view the full Southcross Energy Partners Ratings Report now.

Aspen Insurance Holdings

Owners of Aspen Insurance Holdings (NYSE: AHL) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $47.09 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Aspen Insurance Holdings has been 364,800 shares per day over the past 30 days. Aspen Insurance Holdings has a market cap of $2.9 billion and is part of the insurance industry. Shares are up 7.3% year-to-date as of the close of trading on Monday.

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Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses worldwide. Its Insurance segment offers property and casualty insurance, including U.S. and the United Kingdom commercial property and construction business, commercial liability, U.S. The company has a P/E ratio of 9.34.

TheStreet Ratings rates Aspen Insurance Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Aspen Insurance Holdings Ratings Report now.

JB Hunt Transport Services

Owners of JB Hunt Transport Services (NASDAQ: JBHT) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $88.12 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for JB Hunt Transport Services has been 811,800 shares per day over the past 30 days. JB Hunt Transport Services has a market cap of $10.3 billion and is part of the transportation industry. Shares are up 4.6% year-to-date as of the close of trading on Monday.

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J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. The company has a P/E ratio of 26.23.

TheStreet Ratings rates JB Hunt Transport Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full JB Hunt Transport Services 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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