Tomorrow's Ex-Dividends To Watch: MN, SBR, BGR

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:

Manning & Napier

Owners of Manning & Napier (NYSE: MN) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $8.47 as of 9:36 a.m. ET, the dividend yield is 7.7%.

The average volume for Manning & Napier has been 74,800 shares per day over the past 30 days. Manning & Napier has a market cap of $123.4 million and is part of the financial services industry. Shares are down 1.6% year-to-date as of the close of trading on Monday.

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Manning & Napier, Inc is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. The company has a P/E ratio of 6.47.

TheStreet Ratings rates Manning & Napier as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Manning & Napier Ratings Report now.

Sabine Royalty

Owners of Sabine Royalty (NYSE: SBR) shares, as of market close today, will be eligible for a dividend of 28 cents per share. At a price of $26.87 as of 9:36 a.m. ET, the dividend yield is 12.1%.

The average volume for Sabine Royalty has been 41,300 shares per day over the past 30 days. Sabine Royalty has a market cap of $398.2 million and is part of the financial services industry. Shares are up 2.5% year-to-date as of the close of trading on Monday.

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Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. The company has a P/E ratio of 6.56.

TheStreet Ratings rates Sabine 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, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Sabine Royalty Ratings Report now.

BlackRock Energy & Resources

Owners of BlackRock Energy & Resources (NYSE: BGR) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $11.52 as of 9:35 a.m. ET, the dividend yield is 11.3%.

The average volume for BlackRock Energy & Resources has been 188,300 shares per day over the past 30 days. BlackRock Energy & Resources has a market cap of $348.7 million and is part of the financial services industry. Shares are down 8.9% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 15.59.

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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