Wednesday's Ex-Dividends To Watch: STB, COKE, EV

Wednesday, Wednesday, April 27, 2016, 52 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 16.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Wednesday:

Student Transportation

Owners of Student Transportation (NASDAQ: STB) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $4.96 as of 3:59 p.m. ET, the dividend yield is 8.8%.

The average volume for Student Transportation has been 127,000 shares per day over the past 30 days. Student Transportation has a market cap of $484.9 million and is part of the transportation industry. Shares are up 35.6% year-to-date as of the close of trading on Friday.

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Student Transportation Inc., together with its subsidiaries, provides student transportation solutions in North America. The company offers contracted, managed, special needs transportation, direct-to-parent, and charter services.

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

Coca-Cola Bottling

Owners of Coca-Cola Bottling (NASDAQ: COKE) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $161.82 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Coca-Cola Bottling has been 60,400 shares per day over the past 30 days. Coca-Cola Bottling has a market cap of $1.5 billion and is part of the food & beverage industry. Shares are down 11% year-to-date as of the close of trading on Monday.

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Coca-Cola Bottling Co. Consolidated, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company has a P/E ratio of 25.34.

TheStreet Ratings rates Coca-Cola Bottling as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Coca-Cola Bottling Ratings Report now.

Eaton Vance

Owners of Eaton Vance (NYSE: EV) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $35.80 as of 9:37 a.m. ET, the dividend yield is 3%.

The average volume for Eaton Vance has been 945,500 shares per day over the past 30 days. Eaton Vance has a market cap of $4.1 billion and is part of the financial services industry. Shares are up 10.3% year-to-date as of the close of trading on Monday.

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Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. The company has a P/E ratio of 16.47.

TheStreet Ratings rates Eaton Vance as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Eaton Vance 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.