3 Stocks With Upcoming Ex-Dividend Dates: OUTR, PEG, NBR

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, Friday, June 05, 2015, 11 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 8.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Outerwall

Owners of Outerwall (NASDAQ: OUTR) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $77.09 as of 9:36 a.m. ET, the dividend yield is 1.6%.

The average volume for Outerwall has been 478,500 shares per day over the past 30 days. Outerwall has a market cap of $1.4 billion and is part of the specialty retail industry. Shares are up 2.5% year-to-date as of the close of trading on Wednesday.

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Outerwall Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. The company has a P/E ratio of 12.16.

TheStreet Ratings rates Outerwall as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, revenue growth, growth in earnings per share and good cash flow from operations. We feel its 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 Outerwall Ratings Report now.

Public Service Enterprise Group

Owners of Public Service Enterprise Group (NYSE: PEG) shares, as of market close today, will be eligible for a dividend of 39 cents per share. At a price of $41.10 as of 9:37 a.m. ET, the dividend yield is 3.7%.

The average volume for Public Service Enterprise Group has been 2.9 million shares per day over the past 30 days. Public Service Enterprise Group has a market cap of $21.4 billion and is part of the utilities industry. Shares are down 0.2% year-to-date as of the close of trading on Wednesday.

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Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company has a P/E ratio of 7.73.

TheStreet Ratings rates Public Service Enterprise Group 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, attractive valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Public Service Enterprise Group Ratings Report now.

Nabors Industries

Owners of Nabors Industries (NYSE: NBR) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $14.66 as of 9:37 a.m. ET, the dividend yield is 1.6%.

The average volume for Nabors Industries has been 8.7 million shares per day over the past 30 days. Nabors Industries has a market cap of $5.0 billion and is part of the energy industry. Shares are up 15% year-to-date as of the close of trading on Wednesday.

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Nabors Industries Ltd., together with its subsidiaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well.

TheStreet Ratings rates Nabors Industries as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Nabors Industries 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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