5 Stocks Going Ex-Dividend Tomorrow: WHF, PGH, MENT, AAP, EQR

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:

WhiteHorse Finance

Owners of WhiteHorse Finance (NASDAQ: WHF) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $15.64 as of 9:29 a.m. ET, the dividend yield is 9.2%.

The average volume for WhiteHorse Finance has been 68,100 shares per day over the past 30 days. WhiteHorse Finance has a market cap of $232.0 million and is part of the financial services industry. Shares are up 5.4% 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.

Currently there are 4 analysts that rate WhiteHorse Finance a buy, no analysts rate it a sell, and none rate it a hold.

You can view the full WhiteHorse Finance Ratings Report now.

Pengrowth Energy

Owners of Pengrowth Energy (NYSE: PGH) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $5.54 as of 9:35 a.m. ET, the dividend yield is 8.5%.

The average volume for Pengrowth Energy has been 2.4 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $2.8 billion and is part of the energy industry. Shares are up 10.5% 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.

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Canada. It primarily explores for crude oil, natural gas, and natural gas liquids in the provinces of Alberta, British Columbia, Saskatchewan, and Nova Scotia. The company has a P/E ratio of 184.33. Currently there are 3 analysts that rate Pengrowth Energy a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Pengrowth Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity and generally high debt management risk. You can view the full Pengrowth Energy Ratings Report now.

Mentor Graphics Corporation

Owners of Mentor Graphics Corporation (NASDAQ: MENT) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $17.38 as of 9:35 a.m. ET, the dividend yield is 0.3%.

The average volume for Mentor Graphics Corporation has been 982,800 shares per day over the past 30 days. Mentor Graphics Corporation has a market cap of $2.0 billion and is part of the computer software & services industry. Shares are up 1.9% 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.

Mentor Graphics Corporation provides electronic design automation software and hardware solutions to automate the design, analysis, and testing of complex electro-mechanical systems, electronic hardware, and embedded systems software. The company has a P/E ratio of 14.91. Currently there are 6 analysts that rate Mentor Graphics Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mentor Graphics 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, attractive valuation levels, increase in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Mentor Graphics Corporation Ratings Report now.

Advance Auto Parts

Owners of Advance Auto Parts (NYSE: AAP) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $80.48 as of 9:36 a.m. ET, the dividend yield is 0.3%.

The average volume for Advance Auto Parts has been 869,100 shares per day over the past 30 days. Advance Auto Parts has a market cap of $5.9 billion and is part of the retail industry. Shares are up 11.5% 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.

Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP), and Autopart International (AI). The company has a P/E ratio of 15.24. Currently there are 5 analysts that rate Advance Auto Parts a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Advance Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins 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 Advance Auto Parts Ratings Report now.

Equity Residential

Owners of Equity Residential (NYSE: EQR) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $55.51 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Equity Residential has been 2.0 million shares per day over the past 30 days. Equity Residential has a market cap of $20.2 billion and is part of the real estate industry. Shares are down 1.9% 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.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. The company has a P/E ratio of 60.97. Currently there are 5 analysts that rate Equity Residential a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Equity Residential as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Equity Residential 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.
null