3 Stocks With Upcoming Ex-Dividend Dates: ACSF, PFLT, PRA

Tuesday, Tuesday, December 22, 2015, 24 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 17%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tuesday:

American Capital Senior Floating

Owners of American Capital Senior Floating (NASDAQ: ACSF) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $9.81 as of 3:54 p.m. ET, the dividend yield is 11.4%.

The average volume for American Capital Senior Floating has been 47,000 shares per day over the past 30 days. American Capital Senior Floating has a market cap of $102.3 million and is part of the financial services industry. Shares are down 17.8% 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.

American Capital Senior Floating, Ltd. is a close ended fixed income mutual fund launched by American Capital Asset Management, LLC. The fund is managed by American Capital ACSF Management, LLC. It invests in fixed income markets of the United States.

TheStreet Ratings rates American Capital Senior Floating as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. 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 a generally disappointing performance in the stock itself. You can view the full American Capital Senior Floating Ratings Report now.

PennantPark Floating Rate Capital

Owners of PennantPark Floating Rate Capital (NASDAQ: PFLT) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $10.95 as of 9:33 a.m. ET, the dividend yield is 10.5%.

The average volume for PennantPark Floating Rate Capital has been 136,100 shares per day over the past 30 days. PennantPark Floating Rate Capital has a market cap of $291.4 million and is part of the financial services industry. Shares are down 20.4% year-to-date as of the close of trading on Friday.

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.

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. The company has a P/E ratio of 7.90.

TheStreet Ratings rates PennantPark Floating Rate Capital 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 deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full PennantPark Floating Rate Capital Ratings Report now.

Proassurance

At a price of $49.04 as of 9:37 a.m. ET, the dividend yield is 2.5%.

The average volume for Proassurance has been 223,700 shares per day over the past 30 days. Proassurance has a market cap of $2.6 billion and is part of the insurance industry. Shares are up 8% year-to-date as of the close of trading on Friday.

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.

ProAssurance Corporation, an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. The company operates through four segments: Specialty Property and Casualty, Workers' Compensation, Lloyd's Syndicate, and Corporate. The company has a P/E ratio of 19.17.

TheStreet Ratings rates Proassurance as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Proassurance 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.

More from Markets

Want to Buy $1 Worth of Stock for 90 Cents or Less?

Want to Buy $1 Worth of Stock for 90 Cents or Less?

Comcast Tops Disney/Fox in $40 Billion Battle for Britain's Sky TV

Comcast Tops Disney/Fox in $40 Billion Battle for Britain's Sky TV

The Products Behind Smokin' Hot Tilray

The Products Behind Smokin' Hot Tilray

FANGs Aren't Tech Stocks Any More: S&P Overhauls Sector Breakdowns

FANGs Aren't Tech Stocks Any More: S&P Overhauls Sector Breakdowns

How to Overcome the Fear of Trading Super-Momentum Stocks

How to Overcome the Fear of Trading Super-Momentum Stocks