5 Stocks Going Ex-Dividend Tomorrow: FGP, RS, ABV, RIO, KMB

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:

Ferrellgas Partners

Owners of Ferrellgas Partners (NYSE: FGP) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $21.06 as of 9:36 a.m. ET, the dividend yield is 9.6%.

The average volume for Ferrellgas Partners has been 220,100 shares per day over the past 30 days. Ferrellgas Partners has a market cap of $1.6 billion and is part of the energy industry. Shares are up 25.8% year to date as of the close of trading on Monday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States. It transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. The company has a P/E ratio of 348.00. Currently there are no analysts that rate Ferrellgas Partners a buy, 5 analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Ferrellgas Partners as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Ferrellgas Partners Ratings Report now.

Reliance Steel and Aluminum

Owners of Reliance Steel and Aluminum (NYSE: RS) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $66.68 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Reliance Steel and Aluminum has been 570,700 shares per day over the past 30 days. Reliance Steel and Aluminum has a market cap of $5.0 billion and is part of the industrial industry. Shares are up 5.7% year to date as of the close of trading on Monday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Reliance Steel & Aluminum Co. operates as a metals service center company primarily in the United States and Canada. The company has a P/E ratio of 12.36. Currently there are 6 analysts that rate Reliance Steel and Aluminum a buy, 1 analyst rates it a sell, and 3 rate it a hold.

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

Companhia de Bebidas das Americas Ambev

Owners of Companhia de Bebidas das Americas Ambev (NYSE: ABV) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $45.27 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Companhia de Bebidas das Americas Ambev has been 2.0 million shares per day over the past 30 days. Companhia de Bebidas das Americas Ambev has a market cap of $141.0 billion and is part of the food & beverage industry. Shares are up 6.9% year to date as of the close of trading on Monday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. The company has a P/E ratio of 103.62. Currently there are 3 analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Companhia de Bebidas das Americas Ambev Ratings Report now.

Rio Tinto

Owners of Rio Tinto (NYSE: RIO) shares as of market close today will be eligible for a dividend of 93 cents per share. At a price of $51.94 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for Rio Tinto has been 2.5 million shares per day over the past 30 days. Rio Tinto has a market cap of $95.9 billion and is part of the metals & mining industry. Shares are down 13.1% year to date as of the close of trading on Monday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

The company has a P/E ratio of 17.02. Currently there are 12 analysts that rate Rio Tinto a buy, no analysts rate it a sell, and none rate it a hold.

You can view the full Rio Tinto Ratings Report now.

Kimberly-Clark Corporation

Owners of Kimberly-Clark Corporation (NYSE: KMB) shares as of market close today will be eligible for a dividend of 81 cents per share. At a price of $95.96 as of 9:36 a.m. ET, the dividend yield is 3.4%.

The average volume for Kimberly-Clark Corporation has been 2.1 million shares per day over the past 30 days. Kimberly-Clark Corporation has a market cap of $36.6 billion and is part of the consumer non-durables industry. Shares are up 12.6% year to date as of the close of trading on Monday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Kimberly-Clark Corporation, together with its subsidiaries, engages in manufacturing and marketing health care products worldwide. The company operates in four segments: Personal Care, Consumer Tissue, K-C Professional and Other, and Health Care. The company has a P/E ratio of 21.33. Currently there are 4 analysts that rate Kimberly-Clark Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Kimberly-Clark Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Kimberly-Clark Corporation 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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