5 Stocks Going Ex-Dividend Tomorrow: LPHI, BBL, NTRS, PCP, ITUB

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:

Life Partners Holdings

Owners of Life Partners Holdings (NASDAQ: LPHI) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $4.45 as of 9:35 a.m. ET, the dividend yield is 9.7%.

The average volume for Life Partners Holdings has been 113,600 shares per day over the past 30 days. Life Partners Holdings has a market cap of $77.2 million and is part of the insurance industry. Shares are up 66.2% year to date as of the close of trading on Monday.

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Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates in the secondary market for life insurance in the United States. It facilitates the sale of life settlements between sellers and purchasers, but does not take possession or control of the policies. Currently there are no analysts that rate Life Partners Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Life Partners Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Life Partners Holdings Ratings Report now.

BHP Billiton

Owners of BHP Billiton (NYSE: BBL) shares as of market close today will be eligible for a dividend of per share. At a price of $63.73 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for BHP Billiton has been 531,900 shares per day over the past 30 days. BHP Billiton has a market cap of $166.5 billion and is part of the metals & mining industry. Shares are down 11.9% 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.

The company has a P/E ratio of 10.79. Currently there are 4 analysts that rate BHP Billiton a buy, 2 analysts rate it a sell, and none rate it a hold.

You can view the full BHP Billiton Ratings Report now.

Northern Trust Corporation

Owners of Northern Trust Corporation (NASDAQ: NTRS) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $54.22 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Northern Trust Corporation has been 1.3 million shares per day over the past 30 days. Northern Trust Corporation has a market cap of $12.7 billion and is part of the financial services industry. Shares are up 7.3% 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.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, and fiduciary and banking solutions for corporations, institutions, families, and individuals worldwide. The company has a P/E ratio of 18.96. Currently there is 1 analyst that rates Northern Trust Corporation a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Northern Trust Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, notable return on equity, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Northern Trust Corporation Ratings Report now.

Precision Castparts

Owners of Precision Castparts (NYSE: PCP) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $186.99 as of 9:35 a.m. ET, the dividend yield is 0.1%.

The average volume for Precision Castparts has been 666,900 shares per day over the past 30 days. Precision Castparts has a market cap of $27.2 billion and is part of the industrial industry. Shares are down 1.3% 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.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. The company has a P/E ratio of 20.07. Currently there are 14 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Precision Castparts 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Precision Castparts Ratings Report now.

Itau Unibanco

Owners of Itau Unibanco (NYSE: ITUB) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $17.96 as of 9:36 a.m. ET, the dividend yield is 0.5%.

The average volume for Itau Unibanco has been 10.6 million shares per day over the past 30 days. Itau Unibanco has a market cap of $80.2 billion and is part of the banking industry. Shares are up 7.8% 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.

Currently there are 7 analysts that rate Itau Unibanco a buy, no analysts rate it a sell, and 2 rate it a hold.

You can view the full Itau Unibanco 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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