Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: CXP, IBKR, ITC

Tomorrow, Friday, May 27, 2016, 50 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 11.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Columbia Property

Owners of Columbia Property (NYSE: CXP) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $20.45 as of 9:40 a.m. ET, the dividend yield is 5.8%.

The average volume for Columbia Property has been 570,300 shares per day over the past 30 days. Columbia Property has a market cap of $2.6 billion and is part of the real estate industry. Shares are down 12.2% year-to-date as of the close of trading on Wednesday.

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Columbia Property Trust, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It focuses on investing in and managing high-quality commercial office properties. The firm was formerly known as Wells Real Estate Investment Trust II Inc. The company has a P/E ratio of 56.05.

TheStreet Ratings rates Columbia Property as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Columbia Property Ratings Report now.

Interactive Brokers Group

Owners of Interactive Brokers Group (NASDAQ: IBKR) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $39.45 as of 9:41 a.m. ET, the dividend yield is 1%.

The average volume for Interactive Brokers Group has been 518,600 shares per day over the past 30 days. Interactive Brokers Group has a market cap of $15.9 billion and is part of the financial services industry. Shares are down 8.7% year-to-date as of the close of trading on Wednesday.

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Interactive Brokers Group, Inc. operates as an automated electronic broker and market maker in the United States and internationally. The company has a P/E ratio of 25.83.

TheStreet Ratings rates Interactive Brokers Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Interactive Brokers Group Ratings Report now.

ITC Holdings

Owners of ITC Holdings (NYSE: ITC) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $44.71 as of 9:40 a.m. ET, the dividend yield is 1.7%.

The average volume for ITC Holdings has been 1.4 million shares per day over the past 30 days. ITC Holdings has a market cap of $6.8 billion and is part of the utilities industry. Shares are up 13.7% year-to-date as of the close of trading on Wednesday.

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ITC Holdings Corp., through its subsidiaries, engages in the electric transmission operations in the United States. The company has a P/E ratio of 29.31.

TheStreet Ratings rates ITC Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. 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 ITC Holdings 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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