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: Voya Prime Rate Owners of Voya Prime Rate (NYSE: PPR) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $5.02 as of 9:35 a.m. ET, the dividend yield is 6.2%. The average volume for Voya Prime Rate has been 440,600 shares per day over the past 30 days. Voya Prime Rate has a market cap of $743.4 million and is part of the financial services industry. Shares are down 1% 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. The company has a P/E ratio of 8.82.
Mueller Water Products Owners of Mueller Water Products (NYSE: MWA) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $10.52 as of 9:37 a.m. ET, the dividend yield is 1.1%. The average volume for Mueller Water Products has been 1.3 million shares per day over the past 30 days. Mueller Water Products has a market cap of $1.7 billion and is part of the industrial industry. Shares are up 21.6% 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. Mueller Water Products, Inc. manufactures and markets products and services for the use in transmission, distribution, and measurement of water in the United States, Canada, China, and Australia. The company operates in three segments: Mueller Co., Anvil, and Mueller Technologies. The company has a P/E ratio of 28.84. TheStreet Ratings rates Mueller Water Products as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, notable return on equity, solid stock price performance and impressive record of earnings per share growth. 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 Mueller Water Products Ratings Report now.
Pilgrims Pride At a price of $27.17 as of 9:37 a.m. ET, the dividend yield is 0%. The average volume for Pilgrims Pride has been 1.7 million shares per day over the past 30 days. Pilgrims Pride has a market cap of $6.9 billion and is part of the food & beverage industry. Shares are up 22.8% 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. Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. The company has a P/E ratio of 12.50. TheStreet Ratings rates Pilgrims Pride as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Pilgrims Pride 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.