Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: CIK, STAY, RGA

Tomorrow, Friday, May 06, 2016, 24 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 13%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tomorrow: Credit Suisse Asset Mgmt Income Fund Owners of Credit Suisse Asset Mgmt Income Fund (AMEX: CIK) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $2.90 as of 9:30 a.m. ET, the dividend yield is 9.1%. The average volume for Credit Suisse Asset Mgmt Income Fund has been 168,800 shares per day over the past 30 days. Credit Suisse Asset Mgmt Income Fund has a market cap of $152.1 million and is part of the financial services industry. Shares are up 4% year-to-date as of the close of trading on Wednesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Extended Stay America Owners of Extended Stay America (NYSE: STAY) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $15.17 as of 9:36 a.m. ET, the dividend yield is 4.9%. The average volume for Extended Stay America has been 712,500 shares per day over the past 30 days. Extended Stay America has a market cap of $3.1 billion and is part of the leisure industry. Shares are down 4.2% year-to-date as of the close of trading on Wednesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Extended Stay America, Inc. develops, owns, and operates hotels in the United States and Canada. The company has a P/E ratio of 37.56. TheStreet Ratings rates Extended Stay America as a hold. The company's strengths can be seen in multiple areas, such as its 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, unimpressive growth in net income and generally higher debt management risk. You can view the full Extended Stay America Ratings Report now.

Reinsurance Group of America Owners of Reinsurance Group of America (NYSE: RGA) shares, as of market close today, will be eligible for a dividend of 37 cents per share. At a price of $95.50 as of 9:37 a.m. ET, the dividend yield is 1.6%. The average volume for Reinsurance Group of America has been 288,800 shares per day over the past 30 days. Reinsurance Group of America has a market cap of $6.2 billion and is part of the insurance industry. Shares are up 10.9% year-to-date as of the close of trading on Wednesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Reinsurance Group of America, Incorporated engages in reinsurance business. The company has a P/E ratio of 13.87. TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Reinsurance Group of America 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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