5 Stocks Going Ex-Dividend Tomorrow: BGG, SCI, ALB, MSI, MRK

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 13, 2013, 88 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 15.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Briggs & Stratton Corporation

Owners of Briggs & Stratton Corporation (NYSE: BGG) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $25.18 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Briggs & Stratton Corporation has been 471,800 shares per day over the past 30 days. Briggs & Stratton Corporation has a market cap of $1.2 billion and is part of the industrial industry. Shares are up 19.7% year to date as of the close of trading on Monday.

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Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment worldwide. It operates in two segments, Engines and Power Products. The company has a P/E ratio of 100.32. Currently there are 3 analysts that rate Briggs & Stratton Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Briggs & Stratton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Briggs & Stratton Corporation Ratings Report now.

Service Corporation International

Owners of Service Corporation International (NYSE: SCI) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $15.94 as of 9:33 a.m. ET, the dividend yield is 1.5%.

The average volume for Service Corporation International has been 1.3 million shares per day over the past 30 days. Service Corporation International has a market cap of $3.4 billion and is part of the diversified services industry. Shares are up 15.5% year to date as of the close of trading on Monday.

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Service Corporation International provides deathcare products and services in North America and Germany. The company operates through two segments: Funeral and Cemetery. The company has a P/E ratio of 22.70. Currently there are 5 analysts that rate Service Corporation International a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Service Corporation International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Service Corporation International Ratings Report now.

Albemarle

Owners of Albemarle (NYSE: ALB) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $65.27 as of 9:34 a.m. ET, the dividend yield is 1.5%.

The average volume for Albemarle has been 654,700 shares per day over the past 30 days. Albemarle has a market cap of $5.8 billion and is part of the chemicals industry. Shares are up 5.3% year to date as of the close of trading on Monday.

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.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 18.91. Currently there are 6 analysts that rate Albemarle a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Albemarle Ratings Report now.

Motorola Solutions

Owners of Motorola Solutions (NYSE: MSI) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $62.44 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Motorola Solutions has been 1.6 million shares per day over the past 30 days. Motorola Solutions has a market cap of $17.3 billion and is part of the telecommunications industry. Shares are up 12.4% year to date as of the close of trading on Monday.

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.

Motorola Solutions, Inc. provides mission critical communication infrastructure, devices, software, and services worldwide. It operates in two segments, Government and Enterprise. The company has a P/E ratio of 21.27. Currently there are 7 analysts that rate Motorola Solutions a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Motorola Solutions 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, increase in net income, revenue growth and notable return on equity. 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 Motorola Solutions Ratings Report now.

Merck

Owners of Merck (NYSE: MRK) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $45.34 as of 9:35 a.m. ET, the dividend yield is 4%.

The average volume for Merck has been 15.1 million shares per day over the past 30 days. Merck has a market cap of $129.9 billion and is part of the drugs industry. Shares are up 6.6% year to date as of the close of trading on Monday.

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.

Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products worldwide. The company has a P/E ratio of 21.48. Currently there are 10 analysts that rate Merck a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Merck as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Merck 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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