Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Wednesday: ARPI, RGLD, NTAP

Wednesday, Wednesday, January 06, 2016, 22 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 13.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Wednesday:

American Residential Properties

Owners of American Residential Properties (NYSE: ARPI) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $18.90 as of 4:01 p.m. ET, the dividend yield is 2.1%.

The average volume for American Residential Properties has been 561,400 shares per day over the past 30 days. American Residential Properties has a market cap of $607.8 million and is part of the real estate industry. Shares are up 7.6% year-to-date as of the close of trading on Wednesday.

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American Residential Properties, Inc. is a real estate investment trust. It is based in Scottsdale, Arizona.

TheStreet Ratings rates American Residential Properties as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity. You can view the full American Residential Properties Ratings Report now.

Royal Gold

Owners of Royal Gold (NASDAQ: RGLD) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $36.47 as of 3:59 p.m. ET, the dividend yield is 2.5%.

The average volume for Royal Gold has been 952,700 shares per day over the past 30 days. Royal Gold has a market cap of $2.4 billion and is part of the metals & mining industry. Shares are down 42.7% year-to-date as of the close of trading on Wednesday.

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Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metals royalties, metal streams, and similar interests. It focuses on acquiring royalty and stream interests or to finance projects that are in production or in development stage in exchange for royalty interests.

TheStreet Ratings rates Royal Gold 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 disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Royal Gold Ratings Report now.

NetApp

Owners of NetApp (NASDAQ: NTAP) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $26.53 as of 3:59 p.m. ET, the dividend yield is 2.7%.

The average volume for NetApp has been 3.5 million shares per day over the past 30 days. NetApp has a market cap of $7.9 billion and is part of the computer hardware industry. Shares are down 35.2% year-to-date as of the close of trading on Wednesday.

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NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. The company has a P/E ratio of 21.17.

TheStreet Ratings rates NetApp 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow. You can view the full NetApp 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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