3 Stocks Going Ex-Dividend Tomorrow: ABDC, ADC, CBL

Tomorrow, Tuesday, June 28, 2016, 130 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 18.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Alcentra Capital

Owners of Alcentra Capital (NASDAQ: ABDC) shares, as of market close today, will be eligible for a dividend of 34 cents per share. At a price of $12.25 as of 9:35 a.m. ET, the dividend yield is 11.1%.

The average volume for Alcentra Capital has been 32,000 shares per day over the past 30 days. Alcentra Capital has a market cap of $164.9 million and is part of the financial services industry. Shares are up 5% year-to-date as of the close of trading on Friday.

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Alcentra Capital Corporation is a business development company specializing in investments in lower middle-market companies. The company has a P/E ratio of 8.36.

TheStreet Ratings rates Alcentra Capital as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Alcentra Capital Ratings Report now.

Agree Realty

Owners of Agree Realty (NYSE: ADC) shares, as of market close today, will be eligible for a dividend of 48 cents per share. At a price of $45.10 as of 9:40 a.m. ET, the dividend yield is 4.3%.

The average volume for Agree Realty has been 201,400 shares per day over the past 30 days. Agree Realty has a market cap of $933.5 million and is part of the real estate industry. Shares are up 33.9% year-to-date as of the close of trading on Friday.

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Agree Realty Corporation, a real estate investment trust (REIT), engages in the ownership, development, acquisition, and management of retail properties, which are primarily leased to national and regional retail companies in the United States. The company has a P/E ratio of 20.91.

TheStreet Ratings rates Agree Realty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Agree Realty Ratings Report now.

CBL & Associates Properties

Owners of CBL & Associates Properties (NYSE: CBL) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $9.38 as of 9:41 a.m. ET, the dividend yield is 10.9%.

The average volume for CBL & Associates Properties has been 2.1 million shares per day over the past 30 days. CBL & Associates Properties has a market cap of $1.7 billion and is part of the real estate industry. Shares are down 22.4% year-to-date as of the close of trading on Friday.

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CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. The company has a P/E ratio of 31.42.

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