5 Stocks Going Ex-Dividend Tomorrow: AFT, GLF, TCO, CSC, CBI

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 14, 2013, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 12.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Apollo Senior Floating Rate Fund

Owners of Apollo Senior Floating Rate Fund (NYSE: AFT) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $20.11 as of 9:35 a.m. ET, the dividend yield is 6.3%.

The average volume for Apollo Senior Floating Rate Fund has been 69,100 shares per day over the past 30 days. Apollo Senior Floating Rate Fund has a market cap of $310.6 million and is part of the financial services industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

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Currently there are no analysts that rate Apollo Senior Floating Rate Fund a buy, no analysts rate it a sell, and 1 rates it a hold.

You can view the full Apollo Senior Floating Rate Fund Ratings Report now.

GulfMark Offshore

Owners of GulfMark Offshore (NYSE: GLF) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $37.03 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for GulfMark Offshore has been 305,500 shares per day over the past 30 days. GulfMark Offshore has a market cap of $978.2 million and is part of the energy industry. Shares are up 7.7% year to date as of the close of trading on Tuesday.

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.

GulfMark Offshore, Inc. provides offshore marine support and transportation services primarily to companies involved in the offshore exploration and production of oil and natural gas. The company has a P/E ratio of 50.33. Currently there are 4 analysts that rate GulfMark Offshore a buy, no analysts rate it a sell, and 2 rate it a hold.

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

Taubman Centers

Owners of Taubman Centers (NYSE: TCO) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $77.92 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Taubman Centers has been 571,700 shares per day over the past 30 days. Taubman Centers has a market cap of $4.9 billion and is part of the real estate industry. Shares are down 1.5% year to date as of the close of trading on Tuesday.

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.

Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 56.76. Currently there are 3 analysts that rate Taubman Centers a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Taubman Centers 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Taubman Centers Ratings Report now.

Computer Sciences Corporation

Owners of Computer Sciences Corporation (NYSE: CSC) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $50.07 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Computer Sciences Corporation has been 1.5 million shares per day over the past 30 days. Computer Sciences Corporation has a market cap of $7.8 billion and is part of the computer software & services industry. Shares are up 24.8% year to date as of the close of trading on Tuesday.

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Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises. The company has a P/E ratio of 37.41. Currently there are 3 analysts that rate Computer Sciences Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Computer Sciences Corporation as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Computer Sciences Corporation Ratings Report now.

Chicago Bridge & Iron Company

Owners of Chicago Bridge & Iron Company (NYSE: CBI) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $57.29 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for Chicago Bridge & Iron Company has been 1.9 million shares per day over the past 30 days. Chicago Bridge & Iron Company has a market cap of $6.0 billion and is part of the materials & construction industry. Shares are up 23.7% year to date as of the close of trading on Tuesday.

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.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide. The company has a P/E ratio of 18.54. Currently there are 9 analysts that rate Chicago Bridge & Iron Company a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chicago Bridge & Iron Company 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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