Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, Aug. 30, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 5.3%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Avery Dennison

Owners of

Avery Dennison

(NYSE:

AVY

) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $43.24 as of 9:36 a.m. ET, the dividend yield is 2.6%.

The average volume for Avery Dennison has been 610,400 shares per day over the past 30 days. Avery Dennison has a market cap of $4.4 billion and is part of the consumer durables industry. Shares are up 27.3% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Avery Dennison Corporation engages in the production and sale of pressure-sensitive materials worldwide. Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. The company has a P/E ratio of 21.17.

TheStreet Ratings rates

Avery Dennison

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Avery Dennison Ratings Report

now.

Xylem

Owners of

Xylem

(NYSE:

XYL

) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.60 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Xylem has been 1.4 million shares per day over the past 30 days. Xylem has a market cap of $4.6 billion and is part of the industrial industry. Shares are down 10.4% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Xylem Inc. engages in the design, manufacture, and application of engineered technologies for water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water. The company has a P/E ratio of 19.82.

TheStreet Ratings rates

Xylem

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, 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

Xylem Ratings Report

now.

Suncor Energy

Owners of

Suncor Energy

(NYSE:

SU

) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $34.72 as of 9:37 a.m. ET, the dividend yield is 2.3%.

The average volume for Suncor Energy has been 4.1 million shares per day over the past 30 days. Suncor Energy has a market cap of $51.2 billion and is part of the energy industry. Shares are up 4.5% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company has a P/E ratio of 19.46.

TheStreet Ratings rates

Suncor Energy

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full

Suncor Energy Ratings Report

now.

Schlumberger

Owners of

Schlumberger

(NYSE:

SLB

) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $82.37 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Schlumberger has been 6.1 million shares per day over the past 30 days. Schlumberger has a market cap of $108.4 billion and is part of the energy industry. Shares are up 17.1% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Schlumberger Limited, together with its subsidiaries, engages in the supply of technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. The company has a P/E ratio of 17.39.

TheStreet Ratings rates

Schlumberger

as a

hold

. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

Schlumberger 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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