5 Stocks Going Ex-Dividend Tomorrow: NTRI, RCI, CVE, GRMN, HFC

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:

NutriSystem

Owners of NutriSystem (NASDAQ: NTRI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $8.20 as of 9:34 a.m. ET, the dividend yield is 8.2%.

The average volume for NutriSystem has been 325,000 shares per day over the past 30 days. NutriSystem has a market cap of $244.3 million and is part of the diversified services industry. Shares are up 0.8% year to date as of the close of trading on Monday.

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Nutrisystem, Inc. provides weight management products and services in the United States. The company offers nutritionally balanced weight loss programs designed for women, men, and seniors. The company has a P/E ratio of 47.56. Currently there is 1 analyst that rates NutriSystem a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NutriSystem as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full NutriSystem Ratings Report now.

Rogers Communications

Owners of Rogers Communications (NYSE: RCI) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $48.90 as of 9:33 a.m. ET, the dividend yield is 3.6%.

The average volume for Rogers Communications has been 282,100 shares per day over the past 30 days. Rogers Communications has a market cap of $19.4 billion and is part of the telecommunications industry. Shares are up 7.2% year to date as of the close of trading on Monday.

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Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. The company has a P/E ratio of 16.40. Currently there are 4 analysts that rate Rogers Communications a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. 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 Rogers Communications Ratings Report now.

Cenovus Energy

Owners of Cenovus Energy (NYSE: CVE) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.96 as of 9:36 a.m. ET, the dividend yield is 3%.

The average volume for Cenovus Energy has been 951,500 shares per day over the past 30 days. Cenovus Energy has a market cap of $24.0 billion and is part of the energy industry. Shares are down 4.8% year to date as of the close of trading on Monday.

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Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. The company has a P/E ratio of 24.03. Currently there are 10 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cenovus Energy as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cenovus Energy Ratings Report now.

Garmin

Owners of Garmin (NASDAQ: GRMN) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $35.67 as of 9:33 a.m. ET, the dividend yield is 5.1%.

The average volume for Garmin has been 1.9 million shares per day over the past 30 days. Garmin has a market cap of $7.0 billion and is part of the electronics industry. Shares are down 12.6% year to date as of the close of trading on Monday.

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Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. The company has a P/E ratio of 12.90. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin 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 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 Garmin Ratings Report now.

HollyFrontier

Owners of HollyFrontier (NYSE: HFC) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $54.39 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for HollyFrontier has been 3.2 million shares per day over the past 30 days. HollyFrontier has a market cap of $11.4 billion and is part of the energy industry. Shares are up 17.2% 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.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. The company has a P/E ratio of 6.69. Currently there are 9 analysts that rate HollyFrontier a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates HollyFrontier 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, solid stock price performance, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full HollyFrontier 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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