Monday, Monday, September 28, 2015, 136 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 18.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Monday: Student Transportation Owners of Student Transportation (NASDAQ: STB) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $4.01 as of 9:36 a.m. ET, the dividend yield is 10.9%. The average volume for Student Transportation has been 146,100 shares per day over the past 30 days. Student Transportation has a market cap of $389.4 million and is part of the transportation industry. Shares are down 35.8% 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. Student Transportation Inc., together with its subsidiaries, provides school bus transportation services in the United States and Canada. It offers contracted, managed, special needs transportation, direct-to-parent, and charter services. The company has a P/E ratio of 101.25. TheStreet Ratings rates Student Transportation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full Student Transportation Ratings Report now.
OFG Bancorp Owners of OFG Bancorp (NYSE: OFG) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $8.90 as of 9:36 a.m. ET, the dividend yield is 4.5%. The average volume for OFG Bancorp has been 1.0 million shares per day over the past 30 days. OFG Bancorp has a market cap of $392.6 million and is part of the banking industry. Shares are down 46.8% 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. OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury. The company has a P/E ratio of 21.83. TheStreet Ratings rates OFG Bancorp as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full OFG Bancorp Ratings Report now.
Prospect Capital Corporation Owners of Prospect Capital Corporation (NASDAQ: PSEC) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $7.87 as of 9:36 a.m. ET, the dividend yield is 12.8%. The average volume for Prospect Capital Corporation has been 2.6 million shares per day over the past 30 days. Prospect Capital Corporation has a market cap of $2.8 billion and is part of the financial services industry. Shares are down 4.7% 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. Prospect Capital Corporation is a business development company. The company has a P/E ratio of 7.88. TheStreet Ratings rates Prospect Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Prospect Capital Corporation 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.