5 Stocks Going Ex-Dividend Tomorrow: NMFC, FSC, DAN, TOT, DLPH

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:

New Mountain Finance

Owners of New Mountain Finance (NYSE: NMFC) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $15.16 as of 9:35 a.m. ET, the dividend yield is 8.8%.

The average volume for New Mountain Finance has been 177,600 shares per day over the past 30 days. New Mountain Finance has a market cap of $375.3 million and is part of the conglomerates industry. Shares are up 2.8% year to date as of the close of trading on Monday.

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New Mountain Finance Corporation operates as a closed-end, non-diversified management investment company. Currently there are 3 analysts that rate New Mountain Finance a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates New Mountain Finance as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and increase in stock price during the past year. 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 New Mountain Finance Ratings Report now.

Fifth Street Finance Corporation

Owners of Fifth Street Finance Corporation (NASDAQ: FSC) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $10.97 as of 9:36 a.m. ET, the dividend yield is 10.5%.

The average volume for Fifth Street Finance Corporation has been 1.3 million shares per day over the past 30 days. Fifth Street Finance Corporation has a market cap of $1.2 billion and is part of the financial services industry. Shares are up 5.3% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 10.65. Currently there are 4 analysts that rate Fifth Street Finance Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

You can view the full Fifth Street Finance Corporation Ratings Report now.

Dana

Owners of Dana (NYSE: DAN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $17.86 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Dana has been 1.9 million shares per day over the past 30 days. Dana has a market cap of $2.6 billion and is part of the automotive industry. Shares are up 14.1% 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.

Dana Holding Corporation engages in the design, manufacture, and supply of driveline products, technologies, and service parts for vehicle manufacturers worldwide. The company has a P/E ratio of 12.66. Currently there are 9 analysts that rate Dana a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Dana 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, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Dana Ratings Report now.

Total

Owners of Total (NYSE: TOT) shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $51.34 as of 9:35 a.m. ET, the dividend yield is 5%.

The average volume for Total has been 1.5 million shares per day over the past 30 days. Total has a market cap of $115.2 billion and is part of the energy industry. Shares are down 1.1% year to date as of the close of trading on Monday.

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TOTAL S.A., together with its subsidiaries, operates as an integrated oil and gas company worldwide. The company operates in three segments: Upstream, Downstream, and Chemicals. The company has a P/E ratio of 7.16. Currently there are 4 analysts that rate Total a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Total as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Total Ratings Report now.

Delphi Automotive

Owners of Delphi Automotive (NYSE: DLPH) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $43.17 as of 9:36 a.m. ET, the dividend yield is 1.6%.

The average volume for Delphi Automotive has been 4.4 million shares per day over the past 30 days. Delphi Automotive has a market cap of $13.6 billion and is part of the automotive industry. Shares are up 12.9% 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.

Delphi Automotive PLC, together with its subsidiaries, manufactures vehicle components; and provides electrical and electronic, powertrain, safety, and thermal technology solutions for the automotive and commercial vehicle markets worldwide. The company has a P/E ratio of 12.91. Currently there are 7 analysts that rate Delphi Automotive a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Delphi Automotive as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk. You can view the full Delphi Automotive 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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