5 Stocks Going Ex-Dividend Tomorrow: OIBR, JW.A, DK, ERJ, WTW

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 22, 2013, 5 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 28.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Oi

Owners of Oi (NYSE: OIBR) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $3.49 as of 2:57 p.m. ET, the dividend yield is 28.1%.

The average volume for Oi has been 2.9 million shares per day over the past 30 days. Oi has a market cap of $5.8 billion and is part of the telecommunications industry. Shares are down 11.2% year to date as of the close of trading on Tuesday.

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Oi S.A., through its subsidiaries, provides integrated telecommunication service for residential customers, companies, and governmental agencies in Brazil. Currently there are no analysts that rate Oi a buy, 3 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Oi as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk and generally disappointing historical performance in the stock itself. You can view the full Oi Ratings Report now.

John Wiley & Sons

Owners of John Wiley & Sons (NYSE: JW.A) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $38.91 as of 2:55 p.m. ET, the dividend yield is 2.4%.

The average volume for John Wiley & Sons has been 324,700 shares per day over the past 30 days. John Wiley & Sons has a market cap of $2.0 billion and is part of the media industry. Shares are up 0.2% year to date as of the close of trading on Tuesday.

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John Wiley & Sons, Inc. provides content and content-enabled digital services to customers worldwide. The company has a P/E ratio of 12.93.

TheStreet Ratings rates John Wiley & Sons as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity. You can view the full John Wiley & Sons Ratings Report now.

Delek US Holdings

Owners of Delek US Holdings (NYSE: DK) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $39.27 as of 2:55 p.m. ET, the dividend yield is 1%.

The average volume for Delek US Holdings has been 770,600 shares per day over the past 30 days. Delek US Holdings has a market cap of $2.3 billion and is part of the energy industry. Shares are up 54.3% year to date as of the close of trading on Tuesday.

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Delek US Holdings, Inc., an integrated energy company, engages in refining, marketing, supplying, and retailing petroleum products. The company operates through three segments: Refining, Marketing, and Retail. The company has a P/E ratio of 8.56. Currently there are 3 analysts that rate Delek US Holdings a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Delek US Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Delek US Holdings Ratings Report now.

Embraer S.A

Owners of Embraer S.A (NYSE: ERJ) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $35.09 as of 2:55 p.m. ET, the dividend yield is 0.6%.

The average volume for Embraer S.A has been 1.0 million shares per day over the past 30 days. Embraer S.A has a market cap of $6.3 billion and is part of the aerospace/defense industry. Shares are up 20.8% year to date as of the close of trading on Tuesday.

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Embraer S.A. develops, produces, and sells jet and turboprop aircrafts for civil and defense aviation markets. The company has a P/E ratio of 57.72. Currently there are 6 analysts that rate Embraer S.A a buy, 1 analyst rates it a sell, and 4 rate it a hold.

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

Weight Watchers International

Owners of Weight Watchers International (NYSE: WTW) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $41.68 as of 2:56 p.m. ET, the dividend yield is 1.7%.

The average volume for Weight Watchers International has been 880,700 shares per day over the past 30 days. Weight Watchers International has a market cap of $2.2 billion and is part of the diversified services industry. Shares are down 21.5% 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.

Weight Watchers International, Inc. provides weight management services in North America, the United Kingdom, Continental Europe, Australia, New Zealand, and internationally. It offers a range of products and services comprising nutritional, exercise, and behavioral tools and approaches. The company has a P/E ratio of 9.53. Currently there is 1 analyst that rates Weight Watchers International a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Weight Watchers International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Weight Watchers International 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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