3 Stocks Going Ex-Dividend Tomorrow: LFC, OUTR, IILG

Tomorrow, Friday, June 03, 2016, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 10.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

China Life Insurance

Owners of China Life Insurance (NYSE: LFC) shares, as of market close today, will be eligible for a dividend of 32 cents per share. At a price of $11.16 as of 9:41 a.m. ET, the dividend yield is 2.9%.

The average volume for China Life Insurance has been 936,200 shares per day over the past 30 days. China Life Insurance has a market cap of $63.2 billion and is part of the insurance industry. Shares are down 30.2% year-to-date as of the close of trading on Wednesday.

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The company has a P/E ratio of 58.84.

Outerwall

Owners of Outerwall (NASDAQ: OUTR) shares, as of market close today, will be eligible for a dividend of 60 cents per share. At a price of $41.98 as of 9:40 a.m. ET, the dividend yield is 3.6%.

The average volume for Outerwall has been 494,000 shares per day over the past 30 days. Outerwall has a market cap of $710.1 million and is part of the specialty retail industry. Shares are up 14.3% year-to-date as of the close of trading on Wednesday.

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Outerwall Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. The company has a P/E ratio of 14.68.

TheStreet Ratings rates Outerwall as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow. You can view the full Outerwall Ratings Report now.

Interval Leisure Group

Owners of Interval Leisure Group (NASDAQ: IILG) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $14.41 as of 9:41 a.m. ET, the dividend yield is 3.3%.

The average volume for Interval Leisure Group has been 2.7 million shares per day over the past 30 days. Interval Leisure Group has a market cap of $1.9 billion and is part of the diversified services industry. Shares are down 7.3% year-to-date as of the close of trading on Wednesday.

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Interval Leisure Group, Inc., together with its subsidiaries, provides non-traditional lodging covering a portfolio of leisure businesses from vacation exchange and rental to vacation ownership. The company operates through two segments, Exchange and Rental, and Vacation Ownership. The company has a P/E ratio of 11.58.

TheStreet Ratings rates Interval Leisure Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity. You can view the full Interval Leisure Group 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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