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. Monday, March 11, 2013, 16 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 7.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Monday:
Owners of Magna International (NYSE: MGA) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $55.84 as of 9:35 a.m. ET, the dividend yield is 2.3%. The average volume for Magna International has been 696,400 shares per day over the past 30 days. Magna International has a market cap of $12.8 billion and is part of the wholesale industry. Shares are up 10.7% year to date as of the close of trading on Thursday. 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. Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components; and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. The company has a P/E ratio of 9.33. Currently there are 8 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 4 rate it a hold. TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Magna International Ratings Report now.