4 Stocks Going Ex-Dividend Tomorrow: KAR, MTN, IRM, AVGO

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 21, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.4% to 10.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

KAR Auction Services

Owners of KAR Auction Services (NYSE: KAR) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $20.51 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for KAR Auction Services has been 598,900 shares per day over the past 30 days. KAR Auction Services has a market cap of $2.8 billion and is part of the specialty retail industry. Shares are up 0.7% year to date as of the close of trading on Tuesday.

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KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The company has a P/E ratio of 31.24. Currently there are 6 analysts that rate KAR Auction Services a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates KAR Auction Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full KAR Auction Services Ratings Report now.

Vail Resorts

Owners of Vail Resorts (NYSE: MTN) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $62.10 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Vail Resorts has been 260,200 shares per day over the past 30 days. Vail Resorts has a market cap of $2.2 billion and is part of the leisure industry. Shares are up 13.3% year to date as of the close of trading on Tuesday.

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Vail Resorts, Inc., through its subsidiaries, engages in the operation of resorts in the United States. The company operates in three segments: Mountain, Lodging, and Real Estate. The company has a P/E ratio of 86.30. Currently there are 7 analysts that rate Vail Resorts a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Vail Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Vail Resorts Ratings Report now.

Iron Mountain

Owners of Iron Mountain (NYSE: IRM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $36.53 as of 9:36 a.m. ET, the dividend yield is 3%.

The average volume for Iron Mountain has been 1.2 million shares per day over the past 30 days. Iron Mountain has a market cap of $6.9 billion and is part of the computer software & services industry. Shares are up 16.9% year to date as of the close of trading on Tuesday.

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Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 43.87. Currently there are 5 analysts that rate Iron Mountain a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and notable return on equity. 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 Iron Mountain Ratings Report now.

Avago Technologies

Owners of Avago Technologies (NASDAQ: AVGO) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $35.65 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Avago Technologies has been 3.0 million shares per day over the past 30 days. Avago Technologies has a market cap of $8.7 billion and is part of the electronics industry. Shares are up 11.4% year to date as of the close of trading on Tuesday.

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.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. The company has a P/E ratio of 15.67. Currently there are 10 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Avago Technologies 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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