5 Stocks Going Ex-Dividend Tomorrow: OLP, POR, CYS, NCT, HNZ

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:

One Liberty Properties

Owners of One Liberty Properties (NYSE: OLP) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $22.54 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for One Liberty Properties has been 32,400 shares per day over the past 30 days. One Liberty Properties has a market cap of $335.4 million and is part of the real estate industry. Shares are up 10.8% year to date as of the close of trading on Tuesday.

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One Liberty Properties, Inc., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of commercial real estate properties in the United States. The company has a P/E ratio of 27.94. Currently there are no analysts that rate One Liberty Properties a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates One Liberty Properties as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full One Liberty Properties Ratings Report now.

Portland General Electric Company

Owners of Portland General Electric Company (NYSE: POR) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $29.87 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Portland General Electric Company has been 456,700 shares per day over the past 30 days. Portland General Electric Company has a market cap of $2.3 billion and is part of the utilities industry. Shares are up 8.6% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 15.94. Currently there are 3 analysts that rate Portland General Electric Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

You can view the full Portland General Electric Company Ratings Report now.

CYS Investments

Owners of CYS Investments (NYSE: CYS) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $12.02 as of 9:36 a.m. ET, the dividend yield is 10.5%.

The average volume for CYS Investments has been 2.5 million shares per day over the past 30 days. CYS Investments has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 1.5% 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.

No company description available. The company has a P/E ratio of 4.60. Currently there are 5 analysts that rate CYS Investments a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CYS Investments as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full CYS Investments Ratings Report now.

Newcastle Investment Corporation

Owners of Newcastle Investment Corporation (NYSE: NCT) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $11.18 as of 9:36 a.m. ET, the dividend yield is 7.7%.

The average volume for Newcastle Investment Corporation has been 5.2 million shares per day over the past 30 days. Newcastle Investment Corporation has a market cap of $2.9 billion and is part of the real estate industry. Shares are up 28.3% 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.

Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. The company has a P/E ratio of 3.91. Currently there are 4 analysts that rate Newcastle Investment Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Newcastle Investment Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Newcastle Investment Corporation Ratings Report now.

HJ Heinz Company

Owners of HJ Heinz Company (NYSE: HNZ) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $72.55 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for HJ Heinz Company has been 4.2 million shares per day over the past 30 days. HJ Heinz Company has a market cap of $23.2 billion and is part of the food & beverage industry. Shares are up 25.8% 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.

H. J. Heinz Company, together with its subsidiaries, manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company has a P/E ratio of 22.44. Currently there are 2 analysts that rate HJ Heinz Company a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates HJ Heinz Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, 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 HJ Heinz Company 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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