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:
Owners of Box Ships (NYSE: TEU) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $5.26 as of 9:36 a.m. ET, the dividend yield is 16.6%. The average volume for Box Ships has been 255,000 shares per day over the past 30 days. Box Ships has a market cap of $110.7 million and is part of the transportation industry. Shares are up 29.5% 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. Box Ships Inc., a shipping company, engages in the seaborne transportation of containers worldwide. It owns and operates 7 containerships with a total capacity of approximately 33,000 twenty-foot equivalent units. The company was founded in 2010 and is based in Voula, Greece. The company has a P/E ratio of 9.80. Currently there are 2 analysts that rate Box Ships a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Box Ships as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Box Ships Ratings Report now.
In trading on Wednesday, shares of Box Ships Inc's 9.00% Series C Cumulative Redeemable Perpetual Preferred Shares were yielding above the 12% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $18.55 on the day. This compares to an average yield of 9.96% in the "Shipping" preferred stock category, according to Preferred Stock Channel.