3 Stocks With Upcoming Ex-Dividend Dates: MDU, DDR, PTEN

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:

MDU Resources Group

Owners of MDU Resources Group (NYSE: MDU) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $23.14 as of 9:41 a.m. ET, the dividend yield is 3.3%.

The average volume for MDU Resources Group has been 870,400 shares per day over the past 30 days. MDU Resources Group has a market cap of $4.5 billion and is part of the materials & construction industry. Shares are up 25.9% year-to-date as of the close of trading on Friday.

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MDU Resources Group, Inc. operates as a diversified natural resource company in the United States. Its Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The company has a P/E ratio of 9.33.

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

DDR

Owners of DDR (NYSE: DDR) shares, as of market close today, will be eligible for a dividend of 19 cents per share. At a price of $17.62 as of 9:41 a.m. ET, the dividend yield is 4.4%.

The average volume for DDR has been 2.4 million shares per day over the past 30 days. DDR has a market cap of $6.4 billion and is part of the real estate industry. Shares are up 4.2% year-to-date as of the close of trading on Friday.

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DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. The company has a P/E ratio of 32.91.

TheStreet Ratings rates DDR as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full DDR Ratings Report now.

Patterson-UTI Energy

Owners of Patterson-UTI Energy (NASDAQ: PTEN) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $18.85 as of 9:41 a.m. ET, the dividend yield is 0.5%.

The average volume for Patterson-UTI Energy has been 3.9 million shares per day over the past 30 days. Patterson-UTI Energy has a market cap of $2.6 billion and is part of the energy industry. Shares are up 21.1% year-to-date as of the close of trading on Friday.

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Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.

TheStreet Ratings rates Patterson-UTI Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Patterson-UTI Energy 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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