5 Stocks Going Ex-Dividend Tomorrow: TCPC, BDC, DTE, HBAN, HRB

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:

TCP Capital Corp BDC

Owners of TCP Capital Corp BDC (NASDAQ: TCPC) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $15.90 as of 9:35 a.m. ET, the dividend yield is 8.9%.

The average volume for TCP Capital Corp BDC has been 141,200 shares per day over the past 30 days. TCP Capital Corp BDC has a market cap of $337.0 million and is part of the real estate industry. Shares are up 7.7% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 12.97. Currently there are 2 analysts that rate TCP Capital Corp BDC a buy, no analysts rate it a sell, and none rate it a hold.

You can view the full TCP Capital Corp BDC Ratings Report now.

Belden

Owners of Belden (NYSE: BDC) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $51.75 as of 9:29 a.m. ET, the dividend yield is 0.4%.

The average volume for Belden has been 288,700 shares per day over the past 30 days. Belden has a market cap of $2.3 billion and is part of the industrial industry. Shares are up 15.1% year to date as of the close of trading on Tuesday.

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Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products for industrial, enterprise, and broadcast markets. It operates in three segments: the Americas; the Europe, Middle East, and Africa (EMEA); and the Asia Pacific. The company has a P/E ratio of 55.47. Currently there are 4 analysts that rate Belden a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Belden as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth 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 somewhat disappointing return on equity. You can view the full Belden Ratings Report now.

DTE Energy Holding Company

Owners of DTE Energy Holding Company (NYSE: DTE) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $66.70 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for DTE Energy Holding Company has been 703,800 shares per day over the past 30 days. DTE Energy Holding Company has a market cap of $11.5 billion and is part of the utilities industry. Shares are up 11% year to date as of the close of trading on Tuesday.

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DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. The company has a P/E ratio of 17.20. Currently there are 2 analysts that rate DTE Energy Holding Company a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates DTE Energy Holding Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full DTE Energy Holding Company Ratings Report now.

Huntington

Owners of Huntington (NASDAQ: HBAN) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $7.40 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Huntington has been 10.7 million shares per day over the past 30 days. Huntington has a market cap of $6.2 billion and is part of the banking industry. Shares are up 15.5% year to date as of the close of trading on Tuesday.

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Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 10.42. Currently there are 5 analysts that rate Huntington a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Huntington Ratings Report now.

H&R Block

Owners of H&R Block (NYSE: HRB) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $27.54 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for H&R Block has been 4.7 million shares per day over the past 30 days. H&R Block has a market cap of $7.4 billion and is part of the diversified services industry. Shares are up 49.2% year to date as of the close of trading on Tuesday.

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H&R Block, Inc., through its subsidiaries, engages in the provision of tax preparation and related services to the general public in the United States, Canada, and Australia. The company has a P/E ratio of 23.57. Currently there are 2 analysts that rate H&R Block a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates H&R Block as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and feeble growth in the company's earnings per share. You can view the full H&R Block 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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