4 Stocks Going Ex-Dividend Tomorrow: MR, GCI, RAI, BHP

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:

Mindray Medical International

Owners of Mindray Medical International (NYSE: MR) shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $38.40 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Mindray Medical International has been 731,700 shares per day over the past 30 days. Mindray Medical International has a market cap of $4.4 billion and is part of the health services industry. Shares are up 17.2% year to date as of the close of trading on Monday.

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Mindray Medical International Limited, through its subsidiary, Shenzhen Mindray, develops, manufactures, and markets medical devices worldwide. It operates in three segments: Patient Monitoring and Life Support Products, In-Vitro Diagnostic Products, and Medical Imaging Systems. The company has a P/E ratio of 20.88. Currently there are 7 analysts that rate Mindray Medical International a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Mindray Medical International 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Mindray Medical International Ratings Report now.

Gannett

Owners of Gannett (NYSE: GCI) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $20.70 as of 9:35 a.m. ET, the dividend yield is 4%.

The average volume for Gannett has been 2.8 million shares per day over the past 30 days. Gannett has a market cap of $4.6 billion and is part of the media industry. Shares are up 13.6% year to date as of the close of trading on Monday.

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Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 82 U.S. The company has a P/E ratio of 11.29. Currently there are 4 analysts that rate Gannett a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Gannett as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive 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 Gannett Ratings Report now.

Reynolds American

Owners of Reynolds American (NYSE: RAI) shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $44.35 as of 9:35 a.m. ET, the dividend yield is 5.4%.

The average volume for Reynolds American has been 2.5 million shares per day over the past 30 days. Reynolds American has a market cap of $24.0 billion and is part of the tobacco industry. Shares are up 6.3% year to date as of the close of trading on Monday.

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Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company operates through RJR Tobacco, American Snuff, and Santa Fe segments. The company has a P/E ratio of 19.36. Currently there is 1 analyst that rates Reynolds American a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Reynolds American as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Reynolds American Ratings Report now.

BHP Billiton

Owners of BHP Billiton (NYSE: BHP) shares as of market close today will be eligible for a dividend of per share. At a price of $74.85 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for BHP Billiton has been 2.0 million shares per day over the past 30 days. BHP Billiton has a market cap of $197.7 billion and is part of the metals & mining industry. Shares are down 6.1% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 12.81. Currently there are 5 analysts that rate BHP Billiton a buy, 1 analyst rates it a sell, and 2 rate it a hold.

You can view the full BHP Billiton 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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