4 Stocks Going Ex-Dividend Tomorrow: SLRC, SNV, KGC, LVS

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 19, 2013, 12 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 16.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Solar Capital

Owners of Solar Capital (NASDAQ: SLRC) shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $24.65 as of 9:36 a.m. ET, the dividend yield is 9.7%.

The average volume for Solar Capital has been 512,700 shares per day over the past 30 days. Solar Capital has a market cap of $1.1 billion and is part of the financial services industry. Shares are up 3.1% year to date as of the close of trading on Friday.

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Solar Capital Ltd. is a business development company specializing in investments in leveraged middle market companies. The company has a P/E ratio of 7.97. Currently there are 7 analysts that rate Solar Capital a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Solar Capital as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year 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 Solar Capital Ratings Report now.

Synovus Financial

Owners of Synovus Financial (NYSE: SNV) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $2.78 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Synovus Financial has been 10.1 million shares per day over the past 30 days. Synovus Financial has a market cap of $2.2 billion and is part of the banking industry. Shares are up 15.9% year to date as of the close of trading on Friday.

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.

Synovus Financial Corporation a financial services and bank holding company, provides integrated financial services in Georgia, Alabama, South Carolina, Florida, and Tennessee. The company has a P/E ratio of 3.35. Currently there are 4 analysts that rate Synovus Financial a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Synovus Financial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Synovus Financial Ratings Report now.

Kinross Gold Corporation

Owners of Kinross Gold Corporation (NYSE: KGC) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $8.10 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Kinross Gold Corporation has been 8.4 million shares per day over the past 30 days. Kinross Gold Corporation has a market cap of $9.0 billion and is part of the metals & mining industry. Shares are down 18.4% year to date as of the close of trading on Friday.

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.

Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It is also involved in the exploration and acquisition of gold bearing properties. Currently there are 13 analysts that rate Kinross Gold Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Kinross Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Kinross Gold Corporation Ratings Report now.

Las Vegas Sands

Owners of Las Vegas Sands (NYSE: LVS) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $52.75 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Las Vegas Sands has been 7.3 million shares per day over the past 30 days. Las Vegas Sands has a market cap of $44.0 billion and is part of the leisure industry. Shares are up 16.1% year to date as of the close of trading on Friday.

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.

Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company has a P/E ratio of 28.82. Currently there are 17 analysts that rate Las Vegas Sands a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Las Vegas Sands as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Las Vegas Sands 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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