3 Stocks With Upcoming Ex-Dividend Dates: CIK, LANC, CNI

Tomorrow, Tuesday, June 07, 2016, 14 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Credit Suisse Asset Mgmt Income Fund

Owners of Credit Suisse Asset Mgmt Income Fund (AMEX: CIK) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $2.93 as of 9:36 a.m. ET, the dividend yield is 9%.

The average volume for Credit Suisse Asset Mgmt Income Fund has been 133,500 shares per day over the past 30 days. Credit Suisse Asset Mgmt Income Fund has a market cap of $152.6 million and is part of the financial services industry. Shares are up 5.5% year-to-date as of the close of trading on Friday.

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Lancaster Colony

Owners of Lancaster Colony (NASDAQ: LANC) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $123.90 as of 9:41 a.m. ET, the dividend yield is 1.6%.

The average volume for Lancaster Colony has been 166,400 shares per day over the past 30 days. Lancaster Colony has a market cap of $3.3 billion and is part of the food & beverage industry. Shares are up 7% year-to-date as of the close of trading on Friday.

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Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company has a P/E ratio of 28.68.

TheStreet Ratings rates Lancaster Colony 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, notable return on equity, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Lancaster Colony Ratings Report now.

Canadian National Railway

Owners of Canadian National Railway (NYSE: CNI) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $60.32 as of 9:41 a.m. ET, the dividend yield is 2%.

The average volume for Canadian National Railway has been 1.1 million shares per day over the past 30 days. Canadian National Railway has a market cap of $45.9 billion and is part of the transportation industry. Shares are up 7.3% year-to-date as of the close of trading on Friday.

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Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. The company has a P/E ratio of 16.86.

TheStreet Ratings rates Canadian National Railway as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Canadian National Railway 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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