The Best Yielding Ex-Dividend Stocks On March 20, 2013

Buying stocks before the ex-dividend date is simple. If you buy a stock before the ex-dividend date and hold them, you will receive the next dividend. Buying high yielding stocks is not a one way strategy to high returns.

In addition to high returns, the valuation should be fair. This is the main reason why I screen every day tomorrow’s best ex-dividend stocks by yield and market capitalization.

A full list of all stocks with payment dates can be found here: Ex-Dividend Stocks March 20, 2013. In total, 17 stocks and preferred shares go ex dividend - of which 8 yield more than 3 percent. The average yield amounts to 3.24%.

The ex-dividend date is a major date related to the payment of dividends. If you purchase a stock on its ex-dividend date or later, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend. It is important that your broker settles your trade before the ex-dividend date.

These are the results of the highest yielding ex-dividend stocks:

PennantPark Investment Corporation (PNNT) has a market capitalization of $435.00 Million and operates within the Asset Management industry.

The PennantPark Investment Corporation stock has a current operating margin of 50.42% and the debt to equity ratio amounts to 0.53. Earnings per share are expected to grow by 4.50% for the next year and 5.00% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 9.24, Forward P/E Ratio: 10.35, P/S Ratio: 3.64, P/B Ratio: 1.16, Dividend Yield: 9.33%.

PennantPark Investment Corporation (PNNT) has a market capitalization of $435.00 Million and operates within the Asset Management industry.

The PennantPark Investment Corporation stock has a current operating margin of 50.42% and the debt to equity ratio amounts to 0.53. Earnings per share are expected to grow by 4.50% for the next year and 5.00% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 9.24, Forward P/E Ratio: 10.35, P/S Ratio: 3.64, P/B Ratio: 1.16, Dividend Yield: 9.33%.

HSBC Holdings (HBC) has a market capitalization of $201.19 Billion and operates within the Foreign Money Center Banks industry.

The HSBC Holdings plc stock has a current operating margin of 29.59% and the debt to equity ratio amounts to 0.98. Earnings per share are expected to grow by 11.66% for the next year and 14.90% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 14.75, Forward P/E Ratio: 17.22, P/S Ratio: 3.55, P/B Ratio: 1.15, Dividend Yield: 6.62%.

Aviva (AV) has a market capitalization of $4.45 Billion and operates within the Life Insurance industry.

The Aviva plc stock has a current operating margin of 5.23%. Earnings per share are expected to grow by - for the next year and - for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 20.72, Forward P/E Ratio: -, P/S Ratio: 0.84, P/B Ratio: 0.68, Dividend Yield: 6.47%.

SmartPros (SPRO) has a market capitalization of $7.11 Million and operates within the Education & Training Services industry.

The SmartPros Ltd. stock has a current operating margin of -3.15%. These are the market ratios of the company: P/S Ratio: 0.44, P/B Ratio: 0.65, Dividend Yield: 3.97%.

LS Starrett (SCX) has a market capitalization of $64.90 Million and operates within the Small Tools & Accessories industry.

The LS Starrett Co. stock has a current operating margin of -2.79% and the debt to equity ratio amounts to 0.25.

These are the market ratios of the company: P/S Ratio: 0.26, P/B Ratio: 0.57, Dividend Yield: 3.73%.

Nicholas Financial (NICK) has a market capitalization of $159.75 Million and operates within the Credit Services industry.

The Nicholas Financial Inc. stock has a current operating margin of 49.04% and the debt to equity ratio amounts to 1.07. Earnings per share are expected to grow 5.00% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 7.57, P/S Ratio: 2.28, P/B Ratio: 1.29, Dividend Yield: 3.64%.

EarthLink (ELNK) has a market capitalization of $567.81 Million and operates within the Telecom Services - Domestic industry.

The EarthLink Inc. stock has a current operating margin of 5.04% and the debt to equity ratio amounts to 0.86. Earnings per share are expected to grow by 19.40% for the next year and 3.00% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 78.71, P/S Ratio: 0.42, P/B Ratio: 0.79, Dividend Yield: 3.63%.

Intercontinental Hotels Group (IHG) has a market capitalization of $8.09 Billion and operates within the Lodging industry.

The Intercontinental Hotels Group plc stock has a current operating margin of 33.24% and the debt to equity ratio amounts to 4.08. Earnings per share are expected to grow by 9.49% for the next year and 14.10% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 15.79, Forward P/E Ratio: 17.43, P/S Ratio: 4.41, P/B Ratio: 26.46, Dividend Yield: 2.85%.

JMP Group (JMP) has a market capitalization of $147.96 Million and operates within the Investment Brokerage - National industry.

The JMP Group Inc. stock has a current operating margin of 6.66% and the debt to equity ratio amounts to 0.31. Earnings per share are expected to grow by 38.89% for the next year and 18.00% for the upcoming five years.

These are the market ratios of the company: P/E Ratio: 54.58, Forward P/E Ratio: 8.73, P/S Ratio: 1.03, P/B Ratio: 1.17, Dividend Yield: 2.14%.

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