3 Stocks Going Ex-Dividend Thursday: SRLP, GNL, DLB

Thursday, Thursday, August 04, 2016, 32 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 14.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

Sprague Resources

Owners of Sprague Resources (NYSE: SRLP) shares, as of market close today, will be eligible for a dividend of 55 cents per share. At a price of $24.88 as of 4:02 p.m. ET, the dividend yield is 8.8%.

The average volume for Sprague Resources has been 31,400 shares per day over the past 30 days. Sprague Resources has a market cap of $532.0 million and is part of the energy industry. Shares are up 27% year-to-date as of the close of trading on Friday.

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Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The company has a P/E ratio of 8.41.

TheStreet Ratings rates Sprague Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, generally high debt management risk, weak operating cash flow and poor profit margins. You can view the full Sprague Resources Ratings Report now.

Global Net Lease

Owners of Global Net Lease (NYSE: GNL) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $8.58 as of 4:02 p.m. ET, the dividend yield is 8.1%.

The average volume for Global Net Lease has been 1.1 million shares per day over the past 30 days. Global Net Lease has a market cap of $1.5 billion and is part of the real estate industry. Shares are up 9.8% year-to-date as of the close of trading on Friday.

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Dolby Laboratories

Owners of Dolby Laboratories (NYSE: DLB) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $49.73 as of 4:00 p.m. ET, the dividend yield is 1%.

The average volume for Dolby Laboratories has been 403,700 shares per day over the past 30 days. Dolby Laboratories has a market cap of $5.0 billion and is part of the electronics industry. Shares are up 49.5% year-to-date as of the close of trading on Friday.

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Dolby Laboratories, Inc. creates audio, imaging, and voice technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company has a P/E ratio of 28.21.

TheStreet Ratings rates Dolby Laboratories 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, solid stock price performance, compelling growth in net income and expanding profit margins. 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 Dolby Laboratories 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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