3 Stocks Going Ex-Dividend Tomorrow: AP, AGC, CEN

Tomorrow, Wednesday, January 13, 2016, 120 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 22.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ampco-Pittsburgh

Owners of Ampco-Pittsburgh (NYSE: AP) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $9.90 as of 9:35 a.m. ET, the dividend yield is 7.2%.

The average volume for Ampco-Pittsburgh has been 24,800 shares per day over the past 30 days. Ampco-Pittsburgh has a market cap of $103.7 million and is part of the industrial industry. Shares are down 4.2% year-to-date as of the close of trading on Monday.

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Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products, and Air and Liquid Processing.

TheStreet Ratings rates Ampco-Pittsburgh 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, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Ampco-Pittsburgh Ratings Report now.

Advent Claymore Global Convertible Securiti

Owners of Advent Claymore Global Convertible Securiti (NYSE: AGC) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $5.26 as of 9:35 a.m. ET, the dividend yield is 10.6%.

The average volume for Advent Claymore Global Convertible Securiti has been 138,400 shares per day over the past 30 days. Advent Claymore Global Convertible Securiti has a market cap of $171.2 million and is part of the financial services industry. Shares are down 4.7% year-to-date as of the close of trading on Monday.

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Center Coast MLP & Infrastructure Fund

Owners of Center Coast MLP & Infrastructure Fund (NYSE: CEN) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $8.99 as of 9:33 a.m. ET, the dividend yield is 13.9%.

The average volume for Center Coast MLP & Infrastructure Fund has been 154,600 shares per day over the past 30 days. Center Coast MLP & Infrastructure Fund has a market cap of $133.2 million and is part of the financial services industry. Shares are down 13.2% year-to-date as of the close of trading on Monday.

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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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