5 Stocks Going Ex-Dividend Tomorrow: GBDC, CSE, DDR, SPW, HD

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 12, 2013, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 13.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Golub Capital BDC Inc. BDC

Owners of Golub Capital BDC Inc. BDC (NASDAQ: GBDC) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $16.49 as of 9:34 a.m. ET, the dividend yield is 7.8%.

The average volume for Golub Capital BDC Inc. BDC has been 250,600 shares per day over the past 30 days. Golub Capital BDC Inc. BDC has a market cap of $540.3 million and is part of the financial services industry. Shares are up 2.1% year to date as of the close of trading on Friday.

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Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company has a P/E ratio of 12.00. Currently there are 2 analysts that rate Golub Capital BDC Inc. BDC a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Golub Capital BDC Inc. BDC as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Golub Capital BDC Inc. BDC Ratings Report now.

CapitalSource

Owners of CapitalSource (NYSE: CSE) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $9.53 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for CapitalSource has been 2.5 million shares per day over the past 30 days. CapitalSource has a market cap of $1.9 billion and is part of the financial services industry. Shares are up 25.6% year to date as of the close of trading on Friday.

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CapitalSource Inc., through its subsidiaries, provides financial products to small and middle market businesses in the United States. The company offers senior secured, asset-based, real estate, and cash flow loans, which have a first priority lien in the collateral securing the loan. The company has a P/E ratio of 4.40. Currently there are 5 analysts that rate CapitalSource a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates CapitalSource as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, expanding profit margins and impressive record of earnings per share growth. 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 CapitalSource Ratings Report now.

DDR

Owners of DDR (NYSE: DDR) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $17.66 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for DDR has been 2.8 million shares per day over the past 30 days. DDR has a market cap of $5.5 billion and is part of the real estate industry. Shares are up 13.1% year to date as of the close of trading on Friday.

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DDR Corp. operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers. Currently there are 7 analysts that rate DDR a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates DDR as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. You can view the full DDR Ratings Report now.

SPX Corporation

Owners of SPX Corporation (NYSE: SPW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $81.10 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for SPX Corporation has been 1.0 million shares per day over the past 30 days. SPX Corporation has a market cap of $3.8 billion and is part of the industrial industry. Shares are up 16% year to date as of the close of trading on Friday.

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SPX Corporation provides specialized engineered solutions worldwide. It operates in two segments, Flow Technology, and Thermal Equipment and Services. Currently there are 10 analysts that rate SPX Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SPX Corporation as a hold. 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 and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company's earnings per share. You can view the full SPX Corporation Ratings Report now.

Home Depot

Owners of Home Depot (NYSE: HD) shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $71.21 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Home Depot has been 6.9 million shares per day over the past 30 days. Home Depot has a market cap of $105.0 billion and is part of the retail industry. Shares are up 15.4% year to date as of the close of trading on Friday.

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 Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 22.66. Currently there are 11 analysts that rate Home Depot a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Home Depot 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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