3 Stocks Going Ex-Dividend Tomorrow: BRY, PLD, VMED

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 8, 2013, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 2.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Berry Petroleum

Owners of Berry Petroleum (NYSE: BRY) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $46.25 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Berry Petroleum has been 866,700 shares per day over the past 30 days. Berry Petroleum has a market cap of $2.4 billion and is part of the energy industry. Shares are up 36.5% year to date as of the close of trading on Wednesday.

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Berry Petroleum Company, an independent energy company, engages in the acquisition, exploitation, exploration, production, and development of crude oil and natural gas in the United States. Its principal reserves and producing properties are located in California, Texas, Utah, and Colorado. The company has a P/E ratio of 14.93. Currently there is 1 analyst that rates Berry Petroleum a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Berry Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Berry Petroleum Ratings Report now.

Prologis

Owners of Prologis (NYSE: PLD) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $39.78 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for Prologis has been 2.7 million shares per day over the past 30 days. Prologis has a market cap of $18.5 billion and is part of the real estate industry. Shares are up 9.2% year to date as of the close of trading on Wednesday.

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Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. Currently there are 5 analysts that rate Prologis a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Prologis as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 Prologis Ratings Report now.

Virgin Media

Owners of Virgin Media (NASDAQ: VMED) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $47.29 as of 9:35 a.m. ET, the dividend yield is 0.3%.

The average volume for Virgin Media has been 7.4 million shares per day over the past 30 days. Virgin Media has a market cap of $12.7 billion and is part of the media industry. Shares are up 28.8% year to date as of the close of trading on Wednesday.

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.

Virgin Media Inc., through its subsidiaries, provides entertainment and communications services in the United Kingdom. Currently there are 3 analysts that rate Virgin Media a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Virgin Media as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Virgin Media 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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