Dividend Watch: 3 Stocks Going Ex-Dividend Thursday: NDRO, CLDT, CPG

Thursday, Thursday, May 26, 2016, 57 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

Enduro Royalty

Owners of Enduro Royalty (NYSE: NDRO) shares, as of market close today, will be eligible for a dividend of 0 cents per share. At a price of $3.45 as of 4:03 p.m. ET, the dividend yield is 10.3%.

The average volume for Enduro Royalty has been 77,900 shares per day over the past 30 days. Enduro Royalty has a market cap of $112.5 million and is part of the energy industry. Shares are up 41.6% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 2.87.

Chatham Lodging

Owners of Chatham Lodging (NYSE: CLDT) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $21.12 as of 9:38 a.m. ET, the dividend yield is 6.3%.

The average volume for Chatham Lodging has been 178,700 shares per day over the past 30 days. Chatham Lodging has a market cap of $797.3 million and is part of the real estate industry. Shares are up 3.1% year-to-date as of the close of trading on Tuesday.

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Chatham Lodging Trust was formed as a Maryland real estate investment trust (REIT) on October 26, 2009. The Company is internally-managed and was organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The company has a P/E ratio of 23.10.

TheStreet Ratings rates Chatham Lodging as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in net income, growth in earnings per share and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Chatham Lodging Ratings Report now.

Crescent Point Energy

Owners of Crescent Point Energy (NYSE: CPG) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $16.94 as of 9:41 a.m. ET, the dividend yield is 1.7%.

The average volume for Crescent Point Energy has been 1.2 million shares per day over the past 30 days. Crescent Point Energy has a market cap of $8.4 billion and is part of the energy industry. Shares are up 40.7% year-to-date as of the close of trading on Tuesday.

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Crescent Point Energy Corp. acquires, explores, develops, and produces oil and natural gas properties in Western Canada and the United States.

TheStreet Ratings rates Crescent Point Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Crescent Point Energy 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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