5 Stocks Going Ex-Dividend Tomorrow: OB, OMI, DPZ, ARR, RF

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:

OneBeacon Insurance Group

Owners of OneBeacon Insurance Group (NYSE: OB) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $13.84 as of 9:30 a.m. ET, the dividend yield is 6%.

The average volume for OneBeacon Insurance Group has been 97,400 shares per day over the past 30 days. OneBeacon Insurance Group has a market cap of $328.7 million and is part of the insurance industry. Shares are down 0.6% 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.

OneBeacon Insurance Group, Ltd. operates as a property and casualty insurance writer focused on specialty lines. The company has a P/E ratio of 13.91. Currently there is 1 analyst that rates OneBeacon Insurance Group a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates OneBeacon Insurance Group 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, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full OneBeacon Insurance Group Ratings Report now.

Owens & Minor

Owners of Owens & Minor (NYSE: OMI) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.35 as of 9:35 a.m. ET, the dividend yield is 3.1%.

The average volume for Owens & Minor has been 423,900 shares per day over the past 30 days. Owens & Minor has a market cap of $2.0 billion and is part of the wholesale industry. Shares are up 10.3% 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.

Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. The company has a P/E ratio of 18.25. Currently there are no analysts that rate Owens & Minor a buy, 3 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Owens & Minor as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Owens & Minor Ratings Report now.

Domino's Pizza

Owners of Domino's Pizza (NYSE: DPZ) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $49.78 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Domino's Pizza has been 510,600 shares per day over the past 30 days. Domino's Pizza has a market cap of $2.8 billion and is part of the leisure industry. Shares are up 14.5% 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.

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza delivery company in the United States and internationally. The company sells and delivers pizzas under the Domino's Pizza brand name. The company has a P/E ratio of 26.04. Currently there are 4 analysts that rate Domino's Pizza a buy, no analysts rate it a sell, and 8 rate it a hold.

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

ARMOUR Residential REIT

Owners of ARMOUR Residential REIT (NYSE: ARR) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $6.74 as of 9:36 a.m. ET, the dividend yield is 14.3%.

The average volume for ARMOUR Residential REIT has been 8.3 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 4.3% 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.

ARMOUR Residential REIT, Inc. is a real estate investment trust launched and managed by ARMOUR Residential Management LLC. It invests in the real estate markets of the United States. The company has a P/E ratio of 6.86. Currently there are 2 analysts that rate ARMOUR Residential REIT a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ARMOUR Residential REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full ARMOUR Residential REIT Ratings Report now.

Regions Financial Corporation

Owners of Regions Financial Corporation (NYSE: RF) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $8.28 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for Regions Financial Corporation has been 16.6 million shares per day over the past 30 days. Regions Financial Corporation has a market cap of $11.5 billion and is part of the banking industry. Shares are up 16.5% 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.

Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. The company has a P/E ratio of 10.72. Currently there are 8 analysts that rate Regions Financial Corporation a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Regions Financial Corporation 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, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Regions Financial 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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