5 Stocks Going Ex-Dividend Tomorrow: JMT, VLY, XCO, CVC, RRC

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:

Nuveen Mortgage Opportunity Term Fund 2

Owners of Nuveen Mortgage Opportunity Term Fund 2 (NYSE: JMT) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $29.31 as of 9:33 a.m. ET, the dividend yield is 7.1%.

The average volume for Nuveen Mortgage Opportunity Term Fund 2 has been 16,100 shares per day over the past 30 days. Nuveen Mortgage Opportunity Term Fund 2 has a market cap of $142.0 million and is part of the financial services industry. Shares are up 7.6% 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.

You can view the full Nuveen Mortgage Opportunity Term Fund 2 Ratings Report now.

Valley National Bancorp

Owners of Valley National Bancorp (NYSE: VLY) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $10.42 as of 9:35 a.m. ET, the dividend yield is 6.3%.

The average volume for Valley National Bancorp has been 1.2 million shares per day over the past 30 days. Valley National Bancorp has a market cap of $2.1 billion and is part of the banking industry. Shares are up 12.2% 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.

Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides various commercial, retail, trust, and investment services. Its deposit products include savings accounts, NOW accounts, money market accounts, time deposits, and certificates of deposit. The company has a P/E ratio of 14.14. Currently there are no analysts that rate Valley National Bancorp a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Valley National Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Valley National Bancorp Ratings Report now.

EXCO Resources

Owners of EXCO Resources (NYSE: XCO) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.15 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for EXCO Resources has been 3.1 million shares per day over the past 30 days. EXCO Resources has a market cap of $1.6 billion and is part of the energy industry. Shares are up 5.9% 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.

EXCO Resources, Inc., an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. Currently there is 1 analyst that rates EXCO Resources a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates EXCO Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share. You can view the full EXCO Resources Ratings Report now.

Cablevision Systems

Owners of Cablevision Systems (NYSE: CVC) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $14.24 as of 9:36 a.m. ET, the dividend yield is 4.3%.

The average volume for Cablevision Systems has been 3.2 million shares per day over the past 30 days. Cablevision Systems has a market cap of $2.9 billion and is part of the media industry. Shares are down 4.5% 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.

Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other. The company has a P/E ratio of 116.33. Currently there are 3 analysts that rate Cablevision Systems a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including relatively poor performance when compared with the S&P 500 during the past year and feeble growth in the company's earnings per share. You can view the full Cablevision Systems Ratings Report now.

Range Resources Corporation

Owners of Range Resources Corporation (NYSE: RRC) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $79.02 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Range Resources Corporation has been 1.6 million shares per day over the past 30 days. Range Resources Corporation has a market cap of $12.8 billion and is part of the energy industry. Shares are up 26.2% 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.

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the acquisition, exploration, and development of natural gas and oil properties primarily in the Appalachian and southwestern regions of the United States. The company has a P/E ratio of 985.50. Currently there are 16 analysts that rate Range Resources Corporation a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Range Resources Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Range Resources Corporation 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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