3 Stocks Going Ex-Dividend Monday: MAIN, PTR, RSG

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.

Monday, Monday, June 29, 2015, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 12%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Main Street Capital Corporation

Owners of Main Street Capital Corporation (NYSE: MAIN) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $32.40 as of 9:37 a.m. ET, the dividend yield is 6.5%.

The average volume for Main Street Capital Corporation has been 176,100 shares per day over the past 30 days. Main Street Capital Corporation has a market cap of $1.6 billion and is part of the financial services industry. Shares are up 10.8% year-to-date as of the close of trading on Thursday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The company has a P/E ratio of 15.40.

TheStreet Ratings rates Main Street Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Main Street Capital Corporation Ratings Report now.

PetroChina

At a price of $112.64 as of 9:37 a.m. ET, the dividend yield is 3.2%.

The average volume for PetroChina has been 191,900 shares per day over the past 30 days. PetroChina has a market cap of $214.0 billion and is part of the energy industry. Shares are up 4.1% year-to-date as of the close of trading on Thursday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

PetroChina Company Limited, together with its subsidiaries, produces and sells oil and gas in the People's Republic of China. The company operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The company has a P/E ratio of 185.62.

TheStreet Ratings rates PetroChina as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full PetroChina Ratings Report now.

Republic Services

Owners of Republic Services (NYSE: RSG) shares, as of market close today, will be eligible for a dividend of 28 cents per share. At a price of $39.58 as of 9:37 a.m. ET, the dividend yield is 2.8%.

The average volume for Republic Services has been 1.5 million shares per day over the past 30 days. Republic Services has a market cap of $14.0 billion and is part of the materials & construction industry. Shares are down 1.5% year-to-date as of the close of trading on Thursday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, and disposal services for commercial, industrial, municipal, and residential customers in the United States. It operates through three segments: East, Central, and West. The company has a P/E ratio of 24.14.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Republic 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.

If you liked this article you might like

9 Banking Bets, From Main Street to Wall Street

9 Banking Bets, From Main Street to Wall Street

What's Hot and What's Not: Cramer's 'Mad Money' Recap (Thursday 10/12/17)

What's Hot and What's Not: Cramer's 'Mad Money' Recap (Thursday 10/12/17)

10 Ideas for Generating Monthly Dividends

10 Ideas for Generating Monthly Dividends

This Stock Has an Exceptional Dividend Yield of Over 10%

This Stock Has an Exceptional Dividend Yield of Over 10%

Move Over, REITs; BDCs Aren't Afraid of Increasing Interest Rates

Move Over, REITs; BDCs Aren't Afraid of Increasing Interest Rates