3 Stocks With Upcoming Ex-Dividend Dates: SLF, TER, HRS

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:

Sun Life Financial

Owners of Sun Life Financial (NYSE: SLF) shares, as of market close today, will be eligible for a dividend of 31 cents per share. At a price of $35.24 as of 9:41 a.m. ET, the dividend yield is 3.6%.

The average volume for Sun Life Financial has been 405,800 shares per day over the past 30 days. Sun Life Financial has a market cap of $21.2 billion and is part of the insurance industry. Shares are up 12.6% year-to-date as of the close of trading on Wednesday.

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Sun Life Financial Inc., a financial services company, provides protection and wealth products and services to individual and corporate customers worldwide. The company has a P/E ratio of 12.06.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Sun Life Financial Ratings Report now.

Teradyne

Owners of Teradyne (NYSE: TER) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $19.49 as of 9:41 a.m. ET, the dividend yield is 1.2%.

The average volume for Teradyne has been 1.7 million shares per day over the past 30 days. Teradyne has a market cap of $3.9 billion and is part of the electronics industry. Shares are down 6% year-to-date as of the close of trading on Wednesday.

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Teradyne, Inc. designs, develops, manufactures, and sells automatic test equipment worldwide. The company has a P/E ratio of 18.11.

TheStreet Ratings rates Teradyne as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Teradyne Ratings Report now.

Harris

Owners of Harris (NYSE: HRS) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $79.89 as of 9:40 a.m. ET, the dividend yield is 2.5%.

The average volume for Harris has been 1.0 million shares per day over the past 30 days. Harris has a market cap of $9.9 billion and is part of the telecommunications industry. Shares are down 8.7% year-to-date as of the close of trading on Wednesday.

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Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges. The company operates in four segments: Communication Systems, Critical Networks, Electronic Systems, and Space and Intelligence Systems. The company has a P/E ratio of 88.74.

TheStreet Ratings rates Harris as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, growth in earnings per share and expanding profit margins. 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 Harris 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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