5 Stocks Going Ex-Dividend Tomorrow: UIL, POM, KSU, HIG, CBS

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:

UIL Holdings Corporation

Owners of UIL Holdings Corporation (NYSE: UIL) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $39.68 as of 9:33 a.m. ET, the dividend yield is 4.4%.

The average volume for UIL Holdings Corporation has been 298,000 shares per day over the past 30 days. UIL Holdings Corporation has a market cap of $2.0 billion and is part of the utilities industry. Shares are up 10.8% 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.

UIL Holdings Corporation, through its subsidiaries, operates in the regulated utility businesses. It is involved in the purchase, transmission, distribution, and sale of electricity for residential, commercial, and industrial purposes in the southwestern part of the State of Connecticut. The company has a P/E ratio of 19.54. Currently there are 3 analysts that rate UIL Holdings Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates UIL Holdings Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and good cash flow from operations. 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 UIL Holdings Corporation Ratings Report now.

Pepco Holdings

Owners of Pepco Holdings (NYSE: POM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $20.73 as of 9:36 a.m. ET, the dividend yield is 5.2%.

The average volume for Pepco Holdings has been 2.2 million shares per day over the past 30 days. Pepco Holdings has a market cap of $4.8 billion and is part of the utilities industry. Shares are up 6.1% 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.

Pepco Holdings, Inc., through its subsidiaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. The company has a P/E ratio of 16.68. Currently there are 2 analysts that rate Pepco Holdings a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Pepco Holdings as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations, notable return on equity and increase in stock price during the past year. 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 Pepco Holdings Ratings Report now.

Kansas City Southern

Owners of Kansas City Southern (NYSE: KSU) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $106.23 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Kansas City Southern has been 1.0 million shares per day over the past 30 days. Kansas City Southern has a market cap of $11.4 billion and is part of the transportation industry. Shares are up 26.5% 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.

Kansas City Southern, through its subsidiaries, engages in the freight rail transportation business. The company has a P/E ratio of 30.29. Currently there are 7 analysts that rate Kansas City Southern a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Kansas City Southern as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Kansas City Southern Ratings Report now.

Hartford Financial Services Group

Owners of Hartford Financial Services Group (NYSE: HIG) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $24.42 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Hartford Financial Services Group has been 5.4 million shares per day over the past 30 days. Hartford Financial Services Group has a market cap of $10.3 billion and is part of the insurance industry. Shares are up 7.6% 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 Hartford Financial Services Group, Inc., together with its subsidiaries, provides insurance and financial services primarily in the United States and Japan. The company has a P/E ratio of 35.89. Currently there are 8 analysts that rate Hartford Financial Services Group a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Hartford Financial Services Group as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Hartford Financial Services Group Ratings Report now.

CBS Corporation

Owners of CBS Corporation (NYSE: CBS) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $44.82 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for CBS Corporation has been 7.3 million shares per day over the past 30 days. CBS Corporation has a market cap of $25.7 billion and is part of the media industry. Shares are up 18% 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.

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company has a P/E ratio of 17.65. Currently there are 19 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full CBS 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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