3 Stocks Going Ex-Dividend Tomorrow: OB, SR, BAH

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:

OneBeacon Insurance Group

Owners of OneBeacon Insurance Group (NYSE: OB) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $13.18 as of 9:40 a.m. ET, the dividend yield is 6.4%.

The average volume for OneBeacon Insurance Group has been 82,600 shares per day over the past 30 days. OneBeacon Insurance Group has a market cap of $1.2 billion and is part of the insurance industry. Shares are up 6% year-to-date as of the close of trading on Monday.

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OneBeacon Insurance Group, Ltd., through its subsidiaries, provides specialty property and casualty insurance products and services. The company has a P/E ratio of 21.26.

TheStreet Ratings rates OneBeacon Insurance Group 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, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full OneBeacon Insurance Group Ratings Report now.

Spire

Owners of Spire (NYSE: SR) shares, as of market close today, will be eligible for a dividend of 49 cents per share. At a price of $65.19 as of 9:41 a.m. ET, the dividend yield is 3%.

The average volume for Spire has been 238,400 shares per day over the past 30 days. Spire has a market cap of $2.8 billion and is part of the utilities industry. Shares are up 9.8% year-to-date as of the close of trading on Monday.

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Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, sale, and marketing of natural gas. It operates through two segments, Gas Utility and Gas Marketing. The company has a P/E ratio of 19.78.

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

Booz Allen Hamilton

Owners of Booz Allen Hamilton (NYSE: BAH) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $29.62 as of 9:40 a.m. ET, the dividend yield is 2%.

The average volume for Booz Allen Hamilton has been 961,100 shares per day over the past 30 days. Booz Allen Hamilton has a market cap of $4.4 billion and is part of the diversified services industry. Shares are down 4% year-to-date as of the close of trading on Monday.

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Booz Allen Hamilton Holding Corporation provides management and technology, consulting, and engineering services to governments, corporations, and not-for-profit organizations in the United States and internationally. The company has a P/E ratio of 15.22.

TheStreet Ratings rates Booz Allen Hamilton as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Booz Allen Hamilton 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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