Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: CHW, SJI, DCI

Tomorrow, Wednesday, June 08, 2016, 69 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Calamos Global Dynamic Income Fund

Owners of Calamos Global Dynamic Income Fund (NASDAQ: CHW) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $7.18 as of 9:32 a.m. ET, the dividend yield is 11.8%.

The average volume for Calamos Global Dynamic Income Fund has been 155,800 shares per day over the past 30 days. Calamos Global Dynamic Income Fund has a market cap of $421.3 million and is part of the financial services industry. Shares are up 0.7% year-to-date as of the close of trading on Monday.

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South Jersey Industries

Owners of South Jersey Industries (NYSE: SJI) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $29.43 as of 9:39 a.m. ET, the dividend yield is 3.6%.

The average volume for South Jersey Industries has been 545,100 shares per day over the past 30 days. South Jersey Industries has a market cap of $2.1 billion and is part of the utilities industry. Shares are up 24.5% year-to-date as of the close of trading on Monday.

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South Jersey Industries, Inc., through its subsidiaries, provides energy-related products and services. It engages in the purchase, transmission, and sale of natural gas. The company has a P/E ratio of 17.27.

TheStreet Ratings rates South Jersey Industries as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, expanding profit margins, good cash flow from operations and notable return on equity. 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 South Jersey Industries Ratings Report now.

Donaldson

Owners of Donaldson (NYSE: DCI) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $36.88 as of 9:40 a.m. ET, the dividend yield is 1.9%.

The average volume for Donaldson has been 808,700 shares per day over the past 30 days. Donaldson has a market cap of $4.8 billion and is part of the industrial industry. Shares are up 28.7% year-to-date as of the close of trading on Monday.

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Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. The company has a P/E ratio of 25.09.

TheStreet Ratings rates Donaldson as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Donaldson 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.