4 Stocks Going Ex-Dividend Tomorrow: FNGN, INT, CVH, HBC

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 20, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Financial Engines

Owners of Financial Engines (NASDAQ: FNGN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $34.78 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Financial Engines has been 358,100 shares per day over the past 30 days. Financial Engines has a market cap of $1.7 billion and is part of the financial services industry. Shares are up 25.6% year to date as of the close of trading on Monday.

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Financial Engines, Inc. and its subsidiaries provide independent, technology-enabled portfolio management services, investment advice, and retirement income services to participants in employer-sponsored defined contribution plans. The company has a P/E ratio of 95.03. Currently there are 4 analysts that rate Financial Engines a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Financial Engines as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Financial Engines Ratings Report now.

World Fuel Services Corporation

Owners of World Fuel Services Corporation (NYSE: INT) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $39.39 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for World Fuel Services Corporation has been 345,700 shares per day over the past 30 days. World Fuel Services Corporation has a market cap of $2.9 billion and is part of the energy industry. Shares are down 4.6% year to date as of the close of trading on Monday.

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.

World Fuel Services Corporation, a fuel logistics company, engages in marketing, selling, and distributing aviation, marine, and land fuel products and related services worldwide. The company operates in three segments: Aviation, Marine, and Land. The company has a P/E ratio of 14.99. Currently there are no analysts that rate World Fuel Services Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates World Fuel Services Corporation 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, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full World Fuel Services Corporation Ratings Report now.

Coventry Health Care

Owners of Coventry Health Care (NYSE: CVH) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $46.80 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Coventry Health Care has been 975,200 shares per day over the past 30 days. Coventry Health Care has a market cap of $6.3 billion and is part of the health services industry. Shares are up 4.3% year to date as of the close of trading on Monday.

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.

Coventry Health Care, Inc. operates as a managed healthcare company in the United States. The company's Commercial Products segment provides health plan commercial risk, commercial management services, Medicare Advantage Coordinated Care Plans (Medicare Advantage CCP), and Medicaid products. The company has a P/E ratio of 13.32. Currently there is 1 analyst that rates Coventry Health Care a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Coventry Health Care as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Coventry Health Care Ratings Report now.

HSBC Holdings

Owners of HSBC Holdings (NYSE: HBC) shares as of market close today will be eligible for a dividend of 90 cents per share. At a price of $54.78 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for HSBC Holdings has been 1.5 million shares per day over the past 30 days. HSBC Holdings has a market cap of $201.5 billion and is part of the banking industry. Shares are up 2.5% year to date as of the close of trading on Monday.

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.

The company has a P/E ratio of 14.74. Currently there are 2 analysts that rate HSBC Holdings a buy, 1 analyst rates it a sell, and 1 rates it a hold.

You can view the full HSBC Holdings 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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