5 Stocks Going Ex-Dividend Tomorrow: HMY, FTR, CCE, JCI, OXY

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:

Harmony Gold Mining

Owners of Harmony Gold Mining (NYSE: HMY) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.10 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Harmony Gold Mining has been 2.5 million shares per day over the past 30 days. Harmony Gold Mining has a market cap of $2.7 billion and is part of the metals & mining industry. Shares are down 33.8% 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.

Harmony Gold Mining Company Limited engages in the exploration, extraction, processing, and smelting of gold in South Africa and Papua New Guinea. The company has a P/E ratio of 7.77. Currently there is 1 analyst that rates Harmony Gold Mining a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Harmony Gold Mining 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, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and unimpressive growth in net income. You can view the full Harmony Gold Mining Ratings Report now.

Frontier Communications Corp Class B

Owners of Frontier Communications Corp Class B (NASDAQ: FTR) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $4.23 as of 9:36 a.m. ET, the dividend yield is 9.5%.

The average volume for Frontier Communications Corp Class B has been 11.9 million shares per day over the past 30 days. Frontier Communications Corp Class B has a market cap of $4.2 billion and is part of the telecommunications industry. Shares are down 1.9% 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.

Frontier Communications Corporation provides communications services for residential and business customers in the United States. The company has a P/E ratio of 32.23. Currently there are 5 analysts that rate Frontier Communications Corp Class B a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Frontier Communications Corp Class B as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Frontier Communications Corp Class B Ratings Report now.

Coca-Cola

Owners of Coca-Cola (NYSE: CCE) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $35.76 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Coca-Cola has been 2.8 million shares per day over the past 30 days. Coca-Cola has a market cap of $9.9 billion and is part of the food & beverage industry. Shares are up 12.5% 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.

Coca-Cola Enterprises, Inc. produces, distributes, and markets nonalcoholic beverages. It provides still and sparkling waters, flavored waters, juice and juice drinks, sports drinks, energy drinks, teas, and coffees. The company has a P/E ratio of 15.81. Currently there are 5 analysts that rate Coca-Cola a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Coca-Cola Ratings Report now.

Johnson Controls

Owners of Johnson Controls (NYSE: JCI) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $31.68 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Johnson Controls has been 4.6 million shares per day over the past 30 days. Johnson Controls has a market cap of $21.5 billion and is part of the automotive industry. Shares are up 2.7% 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.

Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. The company has a P/E ratio of 18.74. Currently there are 7 analysts that rate Johnson Controls a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Johnson Controls as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Johnson Controls Ratings Report now.

Occidental Petroleum Corporation

Owners of Occidental Petroleum Corporation (NYSE: OXY) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $82.29 as of 9:35 a.m. ET, the dividend yield is 3.1%.

The average volume for Occidental Petroleum Corporation has been 4.7 million shares per day over the past 30 days. Occidental Petroleum Corporation has a market cap of $66.6 billion and is part of the energy industry. Shares are up 6.6% 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.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The company has a P/E ratio of 14.58. Currently there are 12 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation as a buy. 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Occidental Petroleum 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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