5 Stocks Going Ex-Dividend Tomorrow: ARCP, GFI, DKS, PPL, BAX

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Tomorrow, March 6, 2013, 43 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 9.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

American Realty Capital Properties

Owners of American Realty Capital Properties (NASDAQ: ARCP) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.54 as of 9:36 a.m. ET, the dividend yield is 6.9%.

The average volume for American Realty Capital Properties has been 184,400 shares per day over the past 30 days. American Realty Capital Properties has a market cap of $172.2 million and is part of the real estate industry. Shares are unchanged year to date as of the close of trading on Monday.

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American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. Currently there are 2 analysts that rate American Realty Capital Properties a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates American Realty Capital Properties as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. You can view the full American Realty Capital Properties Ratings Report now.

Gold Fields

Owners of Gold Fields (NYSE: GFI) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $8.16 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Gold Fields has been 4.5 million shares per day over the past 30 days. Gold Fields has a market cap of $6.0 billion and is part of the metals & mining industry. Shares are down 35.5% year to date as of the close of trading on Monday.

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Gold Fields Limited engages in the acquisition, exploration, development, and production of gold properties. It holds interests in eight operating mines in South Africa, Peru, Ghana, and Australia. The company has a P/E ratio of 6.77. Currently there is 1 analyst that rates Gold Fields a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Gold Fields 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, weak operating cash flow and disappointing return on equity. You can view the full Gold Fields Ratings Report now.

Dick's Sporting Goods

Owners of Dick's Sporting Goods (NYSE: DKS) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $50.80 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Dick's Sporting Goods has been 1.4 million shares per day over the past 30 days. Dick's Sporting Goods has a market cap of $4.9 billion and is part of the specialty retail industry. Shares are up 12.1% year to date as of the close of trading on Monday.

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Dick's Sporting Goods, Inc. operates as a sporting goods retailer in the United States. The company has a P/E ratio of 23.39. Currently there are 18 analysts that rate Dick's Sporting Goods a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Dick's Sporting Goods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Dick's Sporting Goods Ratings Report now.

PPL

Owners of PPL (NYSE: PPL) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $31.17 as of 9:35 a.m. ET, the dividend yield is 4.8%.

The average volume for PPL has been 4.0 million shares per day over the past 30 days. PPL has a market cap of $18.0 billion and is part of the utilities industry. Shares are up 8.5% year to date as of the close of trading on Monday.

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PPL Corporation, an energy and utility holding company, engages in the generation, transmission, distribution, and sale of electricity to wholesale and retail customers in the United States and the United Kingdom. The company has a P/E ratio of 11.81. Currently there are 4 analysts that rate PPL a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full PPL Ratings Report now.

Baxter International

Owners of Baxter International (NYSE: BAX) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $69.35 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Baxter International has been 2.8 million shares per day over the past 30 days. Baxter International has a market cap of $37.6 billion and is part of the health services industry. Shares are up 3.8% year to date as of the close of trading on Monday.

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Baxter International Inc., through its subsidiaries, develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. The company has a P/E ratio of 16.48. Currently there are 12 analysts that rate Baxter International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Baxter International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth 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 Baxter International 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.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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