3 Stocks Going Ex-Dividend Tomorrow: JMP, SJT, ERF

Tomorrow, Tuesday, December 29, 2015, 166 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 17.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

JMP Group

Owners of JMP Group (NYSE: JMP) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $5.48 as of 9:30 a.m. ET, the dividend yield is 8.7%.

The average volume for JMP Group has been 41,500 shares per day over the past 30 days. JMP Group has a market cap of $116.8 million and is part of the financial services industry. Shares are down 27.8% year-to-date as of the close of trading on Thursday.

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JMP Group LLC, together with its subsidiaries, provides investment banking and asset management services in the United States. The company operates through Broker-Dealer, Asset Management, and Corporate Credit segments. The company has a P/E ratio of 22.92.

TheStreet Ratings rates JMP Group as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full JMP Group Ratings Report now.

San Juan Basin Royalty

Owners of San Juan Basin Royalty (NYSE: SJT) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $4.80 as of 9:36 a.m. ET, the dividend yield is 7.5%.

The average volume for San Juan Basin Royalty has been 205,000 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $227.0 million and is part of the energy industry. Shares are down 65.8% year-to-date as of the close of trading on Thursday.

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San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 3.69.

TheStreet Ratings rates San Juan Basin Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full San Juan Basin Royalty Ratings Report now.

Enerplus

Owners of Enerplus (NYSE: ERF) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $3.41 as of 9:36 a.m. ET, the dividend yield is 7.2%.

The average volume for Enerplus has been 2.0 million shares per day over the past 30 days. Enerplus has a market cap of $735.1 million and is part of the energy industry. Shares are down 62.9% year-to-date as of the close of trading on Thursday.

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Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada.

TheStreet Ratings rates Enerplus as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself. You can view the full Enerplus 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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