5 Stocks Going Ex-Dividend Tomorrow: BTZ, HRC, ARB, GNC, NOV

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:

BlackRock Credit Allocation Income

Owners of BlackRock Credit Allocation Income (NYSE: BTZ) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $14.03 as of 9:30 a.m. ET, the dividend yield is 6.7%.

The average volume for BlackRock Credit Allocation Income has been 303,800 shares per day over the past 30 days. BlackRock Credit Allocation Income has a market cap of $1.5 billion and is part of the financial services industry. Shares are up 2.1% year to date as of the close of trading on Monday.

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You can view the full BlackRock Credit Allocation Income Ratings Report now.

Hill-Rom Holdings

Owners of Hill-Rom Holdings (NYSE: HRC) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $34.30 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Hill-Rom Holdings has been 437,600 shares per day over the past 30 days. Hill-Rom Holdings has a market cap of $2.0 billion and is part of the health services industry. Shares are up 20.2% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 18.67. Currently there are 3 analysts that rate Hill-Rom Holdings a buy, 2 analysts rate it a sell, and 4 rate it a hold.

You can view the full Hill-Rom Holdings Ratings Report now.

Arbitron Corporation

Owners of Arbitron Corporation (NYSE: ARB) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $46.90 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Arbitron Corporation has been 764,700 shares per day over the past 30 days. Arbitron Corporation has a market cap of $1.3 billion and is part of the media industry. Shares are up 0.4% 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.

Arbitron Inc. operates as a media and marketing information services company in the United States and internationally. The company has a P/E ratio of 22.30. Currently there are no analysts that rate Arbitron Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Arbitron Corporation 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Arbitron Corporation Ratings Report now.

GNC Acquisition Holdings

Owners of GNC Acquisition Holdings (NYSE: GNC) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $39.83 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for GNC Acquisition Holdings has been 2.1 million shares per day over the past 30 days. GNC Acquisition Holdings has a market cap of $4.0 billion and is part of the retail industry. Shares are up 20% 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.

GNC Holdings, Inc. operates as a specialty retailer of health and wellness products. It operates through three segments: Retail, Franchise, and Manufacturing/Wholesale. The company has a P/E ratio of 17.66. Currently there are 7 analysts that rate GNC Acquisition Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates GNC Acquisition Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full GNC Acquisition Holdings Ratings Report now.

National Oilwell Varco

Owners of National Oilwell Varco (NYSE: NOV) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $66.70 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for National Oilwell Varco has been 4.2 million shares per day over the past 30 days. National Oilwell Varco has a market cap of $29.1 billion and is part of the energy industry. Shares are down 1% 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.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. The company has a P/E ratio of 11.70. Currently there are 18 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. 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, impressive record of earnings per share growth, 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 National Oilwell Varco 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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