Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FSFR, NWBI, IDA

Tomorrow, Tuesday, November 03, 2015, 20 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 37.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Fifth Street Senior Floating Rate

Owners of Fifth Street Senior Floating Rate (NASDAQ: FSFR) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $8.60 as of 9:36 a.m. ET, the dividend yield is 10.5%.

The average volume for Fifth Street Senior Floating Rate has been 131,200 shares per day over the past 30 days. Fifth Street Senior Floating Rate has a market cap of $253.4 million and is part of the financial services industry. Shares are down 16.3% year-to-date as of the close of trading on Friday.

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Fifth Street Senior Floating Rate Corp. The company has a P/E ratio of 8.60.

TheStreet Ratings rates Fifth Street Senior Floating Rate as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Fifth Street Senior Floating Rate Ratings Report now.

Northwest

Owners of Northwest (NASDAQ: NWBI) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $13.47 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for Northwest has been 694,500 shares per day over the past 30 days. Northwest has a market cap of $1.3 billion and is part of the banking industry. Shares are up 7.4% year-to-date as of the close of trading on Friday.

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Northwest Bancshares, Inc. operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company operates through two segments, Community Banking and Consumer Finance. The company has a P/E ratio of 19.08.

TheStreet Ratings rates Northwest as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Northwest Ratings Report now.

Idacorp

Owners of Idacorp (NYSE: IDA) shares, as of market close today, will be eligible for a dividend of 51 cents per share. At a price of $67.09 as of 9:34 a.m. ET, the dividend yield is 3.1%.

The average volume for Idacorp has been 283,800 shares per day over the past 30 days. Idacorp has a market cap of $3.3 billion and is part of the utilities industry. Shares are up 1% year-to-date as of the close of trading on Friday.

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IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company has a P/E ratio of 16.91.

TheStreet Ratings rates Idacorp as a buy. Among the primary strengths of the company is its solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Idacorp 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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