5 Stocks Going Ex-Dividend Tomorrow: EQY, RWT, LEG, DLR, KO

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:

Equity One

Owners of Equity One (NYSE: EQY) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $24.05 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for Equity One has been 492,500 shares per day over the past 30 days. Equity One has a market cap of $2.8 billion and is part of the real estate industry. Shares are up 13.4% year to date as of the close of trading on Monday.

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Equity One, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States. Currently there are 3 analysts that rate Equity One a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Equity One as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Equity One Ratings Report now.

Redwood

Owners of Redwood (NYSE: RWT) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $22.05 as of 9:36 a.m. ET, the dividend yield is 5.2%.

The average volume for Redwood has been 817,800 shares per day over the past 30 days. Redwood has a market cap of $1.8 billion and is part of the real estate industry. Shares are up 29.8% year to date as of the close of trading on Monday.

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Redwood Trust, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in investing, financing, and managing real estate assets. The company has a P/E ratio of 13.50. Currently there are 4 analysts that rate Redwood a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Redwood as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's revenue growth has not been good. You can view the full Redwood Ratings Report now.

Leggett & Platt

Owners of Leggett & Platt (NYSE: LEG) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $32.30 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Leggett & Platt has been 1.3 million shares per day over the past 30 days. Leggett & Platt has a market cap of $4.6 billion and is part of the consumer durables industry. Shares are up 18.7% year to date as of the close of trading on Monday.

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Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company has a P/E ratio of 18.98. Currently there are 2 analysts that rate Leggett & Platt a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Leggett & Platt 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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 Leggett & Platt Ratings Report now.

Digital Realty

Owners of Digital Realty (NYSE: DLR) shares as of market close today will be eligible for a dividend of 78 cents per share. At a price of $68.58 as of 9:35 a.m. ET, the dividend yield is 4.6%.

The average volume for Digital Realty has been 1.4 million shares per day over the past 30 days. Digital Realty has a market cap of $8.6 billion and is part of the real estate industry. Shares are up 1.1% year to date as of the close of trading on Monday.

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Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. The company has a P/E ratio of 46.30. Currently there are 8 analysts that rate Digital Realty a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Digital Realty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Digital Realty Ratings Report now.

Coca-Cola

Owners of Coca-Cola (NYSE: KO) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $39.25 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Coca-Cola has been 15.0 million shares per day over the past 30 days. Coca-Cola has a market cap of $174.8 billion and is part of the food & beverage industry. Shares are up 8.4% 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.

The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. The company has a P/E ratio of 19.91. Currently there are 9 analysts that rate Coca-Cola a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, notable return on equity and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Coca-Cola 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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