5 Stocks Going Ex-Dividend Tomorrow: RNDY, SCG, NBR, WM, CTL

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:

Roundys

Owners of Roundys (NYSE: RNDY) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $6.11 as of 9:33 a.m. ET, the dividend yield is 7.9%.

The average volume for Roundys has been 446,200 shares per day over the past 30 days. Roundys has a market cap of $278.0 million and is part of the retail industry. Shares are up 37.3% 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.

The company has a P/E ratio of 5.64. Currently there are no analysts that rate Roundys a buy, no analysts rate it a sell, and 5 rate it a hold.

You can view the full Roundys Ratings Report now.

SCANA

Owners of SCANA (NYSE: SCG) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $49.70 as of 9:36 a.m. ET, the dividend yield is 4.1%.

The average volume for SCANA has been 570,100 shares per day over the past 30 days. SCANA has a market cap of $6.6 billion and is part of the utilities industry. Shares are up 8.9% 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.

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company has a P/E ratio of 15.71. Currently there are 3 analysts that rate SCANA a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates SCANA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full SCANA Ratings Report now.

Nabors Industries

Owners of Nabors Industries (NYSE: NBR) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $16.54 as of 9:36 a.m. ET, the dividend yield is 1%.

The average volume for Nabors Industries has been 4.9 million shares per day over the past 30 days. Nabors Industries has a market cap of $4.7 billion and is part of the energy industry. Shares are up 13.4% 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.

Nabors Industries Ltd., together with its subsidiaries, operates as a land drilling contractor worldwide. The company has a P/E ratio of 19.67. Currently there are 8 analysts that rate Nabors Industries a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Nabors Industries as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Nabors Industries Ratings Report now.

Waste Management

Owners of Waste Management (NYSE: WM) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $37.58 as of 9:36 a.m. ET, the dividend yield is 3.9%.

The average volume for Waste Management has been 3.3 million shares per day over the past 30 days. Waste Management has a market cap of $17.3 billion and is part of the materials & construction industry. Shares are up 11.1% 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.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. The company has a P/E ratio of 21.14. Currently there are no analysts that rate Waste Management a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Waste Management Ratings Report now.

CenturyLink

Owners of CenturyLink (NYSE: CTL) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $35.43 as of 9:35 a.m. ET, the dividend yield is 6.2%.

The average volume for CenturyLink has been 7.5 million shares per day over the past 30 days. CenturyLink has a market cap of $22.0 billion and is part of the telecommunications industry. Shares are down 9.9% 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.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company provides local and long-distance, network access, private line, public access, broadband, data, managed hosting, colocation, wireless, and video services to consumers and businesses. The company has a P/E ratio of 23.10. Currently there are 8 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full CenturyLink 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.

null

More from Markets

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

SAP Shares Leap After Cloud Business Prompts Full-Year Guidance Upgrade

SAP Shares Leap After Cloud Business Prompts Full-Year Guidance Upgrade

Sohn Conference Briefly Distracts From Barrage of Earnings -- ICYMI

Sohn Conference Briefly Distracts From Barrage of Earnings -- ICYMI

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Video: Stop Using Student Loan Money to Buy Bitcoin

Video: Stop Using Student Loan Money to Buy Bitcoin