3 Stocks With Upcoming Ex-Dividend Dates: RAS, SBS, ROP

Tomorrow, Wednesday, April 06, 2016, 31 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 20.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Rait Financial

Owners of Rait Financial (NYSE: RAS) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $2.91 as of 9:35 a.m. ET, the dividend yield is 11.7%.

The average volume for Rait Financial has been 968,100 shares per day over the past 30 days. Rait Financial has a market cap of $282.3 million and is part of the real estate industry. Shares are up 7.4% year-to-date as of the close of trading on Monday.

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RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. The company has a P/E ratio of 38.50.

TheStreet Ratings rates Rait Financial as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full Rait Financial Ratings Report now.

Companhia De Saneamento Basico Do Estado De

Owners of Companhia De Saneamento Basico Do Estado De (NYSE: SBS) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $6.41 as of 9:37 a.m. ET, the dividend yield is 0.7%.

The average volume for Companhia De Saneamento Basico Do Estado De has been 2.1 million shares per day over the past 30 days. Companhia De Saneamento Basico Do Estado De has a market cap of $4.5 billion and is part of the utilities industry. Shares are up 38.9% year-to-date as of the close of trading on Monday.

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Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of Sao Paulo. The company has a P/E ratio of 5.54.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Companhia De Saneamento Basico Do Estado De Ratings Report now.

Roper Technologies

Owners of Roper Technologies (NYSE: ROP) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $180.40 as of 4:02 p.m. ET, the dividend yield is 0.7%.

The average volume for Roper Technologies has been 550,500 shares per day over the past 30 days. Roper Technologies has a market cap of $18.5 billion and is part of the industrial industry. Shares are down 2.7% year-to-date as of the close of trading on Friday.

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Roper Technologies, Inc., a diversified technology company, designs and develops license and software-as-a-service software, and engineered products and solutions. The company has a P/E ratio of 26.41.

TheStreet Ratings rates Roper Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Roper Technologies 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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