4 Stocks Going Ex-Dividend Tomorrow: ORI, TLM, SWK, EXPE

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 7, 2013, 22 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 7.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Old Republic International

Owners of Old Republic International (NYSE: ORI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $12.29 as of 9:36 a.m. ET, the dividend yield is 6%.

The average volume for Old Republic International has been 1.6 million shares per day over the past 30 days. Old Republic International has a market cap of $3.1 billion and is part of the insurance industry. Shares are up 13.8% year to date as of the close of trading on Tuesday.

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Old Republic International Corporation, through its subsidiaries, engages in underwriting insurance products in the United States and Canada. Currently there are 2 analysts that rate Old Republic International a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Old Republic International 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, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Old Republic International Ratings Report now.

Talisman Energy

Owners of Talisman Energy (NYSE: TLM) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.20 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Talisman Energy has been 4.6 million shares per day over the past 30 days. Talisman Energy has a market cap of $12.6 billion and is part of the energy industry. Shares are up 7.8% year to date as of the close of trading on Tuesday.

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.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It primarily operates in North America, the North Sea, and southeast Asia. The company has a P/E ratio of 135.56. Currently there are 5 analysts that rate Talisman Energy a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Talisman Energy as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Talisman Energy Ratings Report now.

Stanley Black & Decker

Owners of Stanley Black & Decker (NYSE: SWK) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $78.65 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for Stanley Black & Decker has been 1.4 million shares per day over the past 30 days. Stanley Black & Decker has a market cap of $12.4 billion and is part of the industrial industry. Shares are up 5.9% year to date as of the close of trading on Tuesday.

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.

Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems primarily in the United States, Europe, Latin America, and Canada. The company has a P/E ratio of 28.66. Currently there are 8 analysts that rate Stanley Black & Decker a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Stanley Black & Decker as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Stanley Black & Decker Ratings Report now.

Expedia

Owners of Expedia (NASDAQ: EXPE) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $65.96 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Expedia has been 2.3 million shares per day over the past 30 days. Expedia has a market cap of $7.9 billion and is part of the leisure industry. Shares are up 4.9% year to date as of the close of trading on Tuesday.

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.

Expedia, Inc., together with its subsidiaries, operates as an online travel company in the United States and internationally. The company has a P/E ratio of 29.82. Currently there are 7 analysts that rate Expedia a buy, no analysts rate it a sell, and 11 rate it a hold.

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