5 Stocks Going Ex-Dividend Tomorrow: FAF, GPC, PEG, VFC, QCOM

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:

First American Financial

Owners of First American Financial (NYSE: FAF) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $24.58 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for First American Financial has been 1.0 million shares per day over the past 30 days. First American Financial has a market cap of $2.6 billion and is part of the insurance industry. Shares are up 1.2% year to date as of the close of trading on Monday.

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First American Financial Corporation, through its subsidiaries, provides financial services in the United States and internationally. The company operates in two segments, Title Insurance and Services, and Specialty Insurance. The company has a P/E ratio of 8.80. Currently there is 1 analyst that rates First American Financial a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates First American Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full First American Financial Ratings Report now.

Genuine Parts Company

Owners of Genuine Parts Company (NYSE: GPC) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $72.35 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Genuine Parts Company has been 732,600 shares per day over the past 30 days. Genuine Parts Company has a market cap of $11.0 billion and is part of the wholesale industry. Shares are up 13.2% year to date as of the close of trading on Monday.

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Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company has a P/E ratio of 17.15. Currently there are 3 analysts that rate Genuine Parts Company a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Genuine Parts Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Genuine Parts Company Ratings Report now.

Public Service Enterprise Group

Owners of Public Service Enterprise Group (NYSE: PEG) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $33.41 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for Public Service Enterprise Group has been 3.0 million shares per day over the past 30 days. Public Service Enterprise Group has a market cap of $16.6 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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Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. The company has a P/E ratio of 13.09. Currently there is 1 analyst that rates Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Public Service Enterprise Group Ratings Report now.

VF Corporation

Owners of VF Corporation (NYSE: VFC) shares as of market close today will be eligible for a dividend of 87 cents per share. At a price of $164.01 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for VF Corporation has been 889,800 shares per day over the past 30 days. VF Corporation has a market cap of $17.7 billion and is part of the consumer non-durables industry. Shares are up 8.2% year to date as of the close of trading on Monday.

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V.F. Corporation designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. The company has a P/E ratio of 16.57. Currently there are 10 analysts that rate VF Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates VF Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 VF Corporation Ratings Report now.

Qualcomm

Owners of Qualcomm (NASDAQ: QCOM) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $68.14 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Qualcomm has been 12.1 million shares per day over the past 30 days. Qualcomm has a market cap of $113.9 billion and is part of the telecommunications industry. Shares are up 7.7% year to date as of the close of trading on Monday.

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QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. The company has a P/E ratio of 19.85. Currently there are 28 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, 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 Qualcomm 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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