Tomorrow's Ex-Dividends To Watch: FCFS, ONB, SSNC

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:

First Cash Financial Services

Owners of First Cash Financial Services (NASDAQ: FCFS) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $44.06 as of 9:40 a.m. ET, the dividend yield is 1.1%.

The average volume for First Cash Financial Services has been 218,700 shares per day over the past 30 days. First Cash Financial Services has a market cap of $1.2 billion and is part of the financial services industry. Shares are up 17.7% year-to-date as of the close of trading on Wednesday.

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First Cash Financial Services, Inc. operates retail-based pawn and consumer finance stores in the United States and Mexico. The company has a P/E ratio of 21.68.

TheStreet Ratings rates First Cash Financial Services as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full First Cash Financial Services Ratings Report now.

Old National Bancorp

Owners of Old National Bancorp (NASDAQ: ONB) shares, as of market close today, will be eligible for a dividend of 13 cents per share. At a price of $13.16 as of 9:41 a.m. ET, the dividend yield is 4%.

The average volume for Old National Bancorp has been 1.2 million shares per day over the past 30 days. Old National Bancorp has a market cap of $1.5 billion and is part of the banking industry. Shares are down 2.7% year-to-date as of the close of trading on Wednesday.

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Old National Bancorp operates as the holding company for Old National Bank, which provides various financial services to individual and commercial customers in the United States. It operates in two segments, Banking and Insurance. The company has a P/E ratio of 12.27.

TheStreet Ratings rates Old National Bancorp 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, expanding profit margins, impressive record of earnings per share growth and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Old National Bancorp Ratings Report now.

SS&C Technologies Holdings

Owners of SS&C Technologies Holdings (NASDAQ: SSNC) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $61.58 as of 9:41 a.m. ET, the dividend yield is 0.8%.

The average volume for SS&C Technologies Holdings has been 705,900 shares per day over the past 30 days. SS&C Technologies Holdings has a market cap of $6.0 billion and is part of the computer software & services industry. Shares are down 10.8% year-to-date as of the close of trading on Wednesday.

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SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services providers in North America, Europe, Asia, Australia, and Africa. The company has a P/E ratio of 276.14.

TheStreet Ratings rates SS&C Technologies Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full SS&C Technologies 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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