Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: FPL, COT, STR

Tomorrow, Wednesday, June 01, 2016, 53 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 13%. 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 Trust New Opportunities MLP & Energy

Owners of First Trust New Opportunities MLP & Energy (NYSE: FPL) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $12.98 as of 9:32 a.m. ET, the dividend yield is 9.7%.

The average volume for First Trust New Opportunities MLP & Energy has been 118,400 shares per day over the past 30 days. First Trust New Opportunities MLP & Energy has a market cap of $307.6 million and is part of the financial services industry. Shares are up 20.2% year-to-date as of the close of trading on Friday.

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Cott

Owners of Cott (NYSE: COT) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $14.52 as of 9:40 a.m. ET, the dividend yield is 1.6%.

The average volume for Cott has been 735,800 shares per day over the past 30 days. Cott has a market cap of $1.8 billion and is part of the food & beverage industry. Shares are up 32.1% year-to-date as of the close of trading on Friday.

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Cott Corporation, together with its subsidiaries, produces and sells beverages on behalf of retailers, brand owners, and distributors worldwide.

TheStreet Ratings rates Cott as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and growth in earnings per share. 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 Cott Ratings Report now.

Questar

Owners of Questar (NYSE: STR) shares, as of market close today, will be eligible for a dividend of 22 cents per share. At a price of $25.25 as of 9:39 a.m. ET, the dividend yield is 3.5%.

The average volume for Questar has been 1.7 million shares per day over the past 30 days. Questar has a market cap of $4.4 billion and is part of the utilities industry. Shares are up 29.8% year-to-date as of the close of trading on Friday.

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Questar Corporation operates as an integrated natural gas company in the United States. The company has a P/E ratio of 52.67.

TheStreet Ratings rates Questar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and feeble growth in the company's earnings per share. You can view the full Questar 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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