3 Stocks Going Ex-Dividend Tomorrow: SLGN, GPI, AVY

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:

Silgan Holdings

Owners of Silgan Holdings (NASDAQ: SLGN) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $50.96 as of 9:41 a.m. ET, the dividend yield is 1.4%.

The average volume for Silgan Holdings has been 253,800 shares per day over the past 30 days. Silgan Holdings has a market cap of $3.0 billion and is part of the consumer non-durables industry. Shares are down 5.4% year-to-date as of the close of trading on Wednesday.

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Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The company has a P/E ratio of 18.34.

TheStreet Ratings rates Silgan Holdings as a buy. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. 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 Silgan Holdings Ratings Report now.

Group 1 Automotive

Owners of Group 1 Automotive (NYSE: GPI) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $58.98 as of 9:41 a.m. ET, the dividend yield is 1.6%.

The average volume for Group 1 Automotive has been 450,000 shares per day over the past 30 days. Group 1 Automotive has a market cap of $1.3 billion and is part of the specialty retail industry. Shares are down 22% year-to-date as of the close of trading on Wednesday.

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Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has a P/E ratio of 14.94.

TheStreet Ratings rates Group 1 Automotive as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. 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 Group 1 Automotive Ratings Report now.

Avery Dennison

Owners of Avery Dennison (NYSE: AVY) shares, as of market close today, will be eligible for a dividend of 41 cents per share. At a price of $74.95 as of 9:41 a.m. ET, the dividend yield is 2.2%.

The average volume for Avery Dennison has been 900,100 shares per day over the past 30 days. Avery Dennison has a market cap of $6.6 billion and is part of the consumer durables industry. Shares are up 19.6% year-to-date as of the close of trading on Wednesday.

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Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. It operates through Pressure-Sensitive Materials, Retail Branding and Information Solutions, and Vancive Medical Technologies segments. The company has a P/E ratio of 25.25.

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