4 Stocks Going Ex-Dividend Tomorrow: TEU, IFF, IGT, BBY

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:

Box Ships

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.

International Flavors & Fragrances

Owners of International Flavors & Fragrances (NYSE: IFF) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $75.60 as of 9:33 a.m. ET, the dividend yield is 1.8%.

The average volume for International Flavors & Fragrances has been 363,100 shares per day over the past 30 days. International Flavors & Fragrances has a market cap of $6.2 billion and is part of the chemicals industry. Shares are up 14.4% 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.

International Flavors & Fragrances Inc., together with its subsidiaries, creates, manufactures, and supplies flavor and fragrance products worldwide. The company operates in two segments, Flavors and Fragrances. The company has a P/E ratio of 24.55. Currently there are 5 analysts that rate International Flavors & Fragrances a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates International Flavors & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income 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 International Flavors & Fragrances Ratings Report now.

International Game Technology

Owners of International Game Technology (NYSE: IGT) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $16.75 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for International Game Technology has been 3.6 million shares per day over the past 30 days. International Game Technology has a market cap of $4.6 billion and is part of the computer software & services industry. Shares are up 20.1% 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.

International Game Technology engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. The company has a P/E ratio of 18.61. Currently there are 10 analysts that rate International Game Technology a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates International Game Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full International Game Technology Ratings Report now.

Best Buy

Owners of Best Buy (NYSE: BBY) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.42 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for Best Buy has been 10.3 million shares per day over the past 30 days. Best Buy has a market cap of $7.3 billion and is part of the retail industry. Shares are up 81% 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.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. The company has a P/E ratio of 8.21. Currently there are 6 analysts that rate Best Buy a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Best Buy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. You can view the full Best Buy 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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