5 Stocks Going Ex-Dividend Monday: HRZN, EGP, CINF, ATVI, AGNC

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.

Monday, March 18, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 15.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Horizon Technology Finance Corp BDC

Owners of Horizon Technology Finance Corp BDC (NASDAQ: HRZN) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.81 as of 9:36 a.m. ET, the dividend yield is 9.3%.

The average volume for Horizon Technology Finance Corp BDC has been 72,700 shares per day over the past 30 days. Horizon Technology Finance Corp BDC has a market cap of $141.5 million and is part of the financial services industry. Shares are down 0.7% year to date as of the close of trading on Thursday.

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Horizon Technology Finance Corporation, a specialty finance company, lends to and invests in development-stage companies in the United States. The company has a P/E ratio of 10.48. Currently there are 3 analysts that rate Horizon Technology Finance Corp BDC a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Horizon Technology Finance Corp BDC as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Horizon Technology Finance Corp BDC Ratings Report now.

EastGroup Properties

Owners of EastGroup Properties (NYSE: EGP) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $57.91 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for EastGroup Properties has been 186,400 shares per day over the past 30 days. EastGroup Properties has a market cap of $1.7 billion and is part of the real estate industry. Shares are up 7.7% year to date as of the close of trading on Thursday.

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EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. The company has a P/E ratio of 64.65. Currently there are 2 analysts that rate EastGroup Properties a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates EastGroup Properties as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EastGroup Properties Ratings Report now.

Cincinnati Financial Corporation

Owners of Cincinnati Financial Corporation (NASDAQ: CINF) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $46.97 as of 9:36 a.m. ET, the dividend yield is 3.5%.

The average volume for Cincinnati Financial Corporation has been 790,600 shares per day over the past 30 days. Cincinnati Financial Corporation has a market cap of $7.7 billion and is part of the insurance industry. Shares are up 20.4% year to date as of the close of trading on Thursday.

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.

Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. The company has a P/E ratio of 18.28. Currently there are no analysts that rate Cincinnati Financial Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cincinnati Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cincinnati Financial Corporation Ratings Report now.

Activision Blizzard

Owners of Activision Blizzard (NASDAQ: ATVI) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $14.83 as of 9:37 a.m. ET, the dividend yield is 1.3%.

The average volume for Activision Blizzard has been 9.3 million shares per day over the past 30 days. Activision Blizzard has a market cap of $16.7 billion and is part of the computer software & services industry. Shares are up 41.5% year to date as of the close of trading on Thursday.

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.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. The company has a P/E ratio of 14.83. Currently there are 17 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Activision Blizzard 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, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Activision Blizzard Ratings Report now.

American Capital Agency

Owners of American Capital Agency (NASDAQ: AGNC) shares as of market close today will be eligible for a dividend of per share. At a price of $33.20 as of 9:35 a.m. ET, the dividend yield is 15.2%.

The average volume for American Capital Agency has been 5.7 million shares per day over the past 30 days. American Capital Agency has a market cap of $11.2 billion and is part of the real estate industry. Shares are up 14.9% year to date as of the close of trading on Thursday.

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.

American Capital Agency Corp. operates as a real estate investment trust (REIT). The company has a P/E ratio of 7.91. Currently there are 8 analysts that rate American Capital Agency a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates American Capital Agency as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. You can view the full American Capital Agency 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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