Friday's Ex-Dividends To Watch: TRMK, UVE, SSNC

Friday, Friday, November 27, 2015, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 25.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Friday:

Trustmark

Owners of Trustmark (NASDAQ: TRMK) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $25.17 as of 9:36 a.m. ET, the dividend yield is 3.6%.

The average volume for Trustmark has been 424,800 shares per day over the past 30 days. Trustmark has a market cap of $1.7 billion and is part of the banking industry. Shares are up 3.2% year-to-date as of the close of trading on Tuesday.

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Trustmark Corporation operates as the bank holding company for Trustmark National Bank, which provides banking and other financial solutions to individuals and corporate institutions in Alabama, Florida, Mississippi, Tennessee, and Texas. The company has a P/E ratio of 14.66.

TheStreet Ratings rates Trustmark as a buy. The company's strengths can be seen in multiple areas, such as its 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 Trustmark Ratings Report now.

Universal Insurance Holdings

Owners of Universal Insurance Holdings (NYSE: UVE) shares, as of market close today, will be eligible for a dividend of 27 cents per share. At a price of $20.25 as of 9:37 a.m. ET, the dividend yield is 2.2%.

The average volume for Universal Insurance Holdings has been 1.1 million shares per day over the past 30 days. Universal Insurance Holdings has a market cap of $764.3 million and is part of the insurance industry. Shares are down 1.4% year-to-date as of the close of trading on Tuesday.

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Universal Insurance Holdings, Inc., through its subsidiaries, provides various property and casualty insurance products. The company primarily underwrites homeowners' insurance products; and offers reinsurance intermediary brokerage services. The company has a P/E ratio of 7.81.

TheStreet Ratings rates Universal Insurance Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Universal Insurance Holdings Ratings Report now.

SS&C Technologies Holdings

Owners of SS&C Technologies Holdings (NASDAQ: SSNC) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $71.18 as of 9:36 a.m. ET, the dividend yield is 0.7%.

The average volume for SS&C Technologies Holdings has been 518,700 shares per day over the past 30 days. SS&C Technologies Holdings has a market cap of $7.1 billion and is part of the computer software & services industry. Shares are up 22.1% year-to-date as of the close of trading on Tuesday.

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SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services providers in North America, Europe, Asia, Australia, and Africa. The company has a P/E ratio of 97.91.

TheStreet Ratings rates SS&C Technologies Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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 SS&C Technologies Holdings 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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