3 Stocks With Upcoming Ex-Dividend Dates: TGA, MRCC, BST

Tomorrow, Friday, September 11, 2015, 174 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 25.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

TransGlobe Energy

Owners of TransGlobe Energy (NASDAQ: TGA) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $2.68 as of 9:40 a.m. ET, the dividend yield is 7.1%.

The average volume for TransGlobe Energy has been 178,100 shares per day over the past 30 days. TransGlobe Energy has a market cap of $206.0 million and is part of the energy industry. Shares are down 36.2% year-to-date as of the close of trading on Wednesday.

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TransGlobe Energy Corporation acquires, explores, develops, and produces oil and gas properties. The company operates through two segments, the Arab Republic of Egypt and the Republic of Yemen.

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

Monroe Capital

Owners of Monroe Capital (NASDAQ: MRCC) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $14.90 as of 9:30 a.m. ET, the dividend yield is 9.4%.

The average volume for Monroe Capital has been 67,700 shares per day over the past 30 days. Monroe Capital has a market cap of $185.1 million and is part of the real estate industry. Shares are up 3% year-to-date as of the close of trading on Wednesday.

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Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The fund focuses on companies with a maximum of $25 million in EBITDA per year. The company has a P/E ratio of 12.09.

TheStreet Ratings rates Monroe Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Monroe Capital Ratings Report now.

BlackRock Science and Technology

Owners of BlackRock Science and Technology (NYSE: BST) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $16.65 as of 9:30 a.m. ET, the dividend yield is 7.1%.

The average volume for BlackRock Science and Technology has been 111,600 shares per day over the past 30 days. BlackRock Science and Technology has a market cap of $379.3 million and is part of the financial services industry. Shares are down 5.7% year-to-date as of the close of trading on Wednesday.

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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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