5 Stocks Going Ex-Dividend Tomorrow: AI, MOLX, DOX, SRE, FITB

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 26, 2013, 78 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 14.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Arlington Asset Investment

Owners of Arlington Asset Investment (NYSE: AI) shares as of market close today will be eligible for a dividend of 88 cents per share. At a price of $25.83 as of 9:36 a.m. ET, the dividend yield is 13.6%.

The average volume for Arlington Asset Investment has been 249,900 shares per day over the past 30 days. Arlington Asset Investment has a market cap of $323.4 million and is part of the real estate industry. Shares are up 22.6% year to date as of the close of trading on Friday.

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Arlington Asset Investment Corp., an investment firm, acquires mortgage-related and other assets. The company has a P/E ratio of 1.37. Currently there is 1 analyst that rates Arlington Asset Investment a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Arlington Asset Investment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Arlington Asset Investment Ratings Report now.

Molex

Owners of Molex (NASDAQ: MOLX) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $29.23 as of 9:36 a.m. ET, the dividend yield is 3%.

The average volume for Molex has been 527,800 shares per day over the past 30 days. Molex has a market cap of $2.8 billion and is part of the electronics industry. Shares are up 5.1% year to date as of the close of trading on Friday.

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Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. The company has a P/E ratio of 18.53. Currently there are 4 analysts that rate Molex a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Molex 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, increase in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Molex Ratings Report now.

Amdocs

Owners of Amdocs (NYSE: DOX) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $35.64 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Amdocs has been 750,500 shares per day over the past 30 days. Amdocs has a market cap of $5.8 billion and is part of the computer software & services industry. Shares are up 4.8% year to date as of the close of trading on Friday.

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Amdocs Limited, together with its subsidiaries, provides software and services for communications, media, and entertainment industry service providers worldwide. The company has a P/E ratio of 14.94. Currently there are 4 analysts that rate Amdocs a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Amdocs 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, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Amdocs Ratings Report now.

Sempra Energy

Owners of Sempra Energy (NYSE: SRE) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $80.03 as of 9:37 a.m. ET, the dividend yield is 3.2%.

The average volume for Sempra Energy has been 879,000 shares per day over the past 30 days. Sempra Energy has a market cap of $19.4 billion and is part of the utilities industry. Shares are up 11.7% year to date as of the close of trading on Friday.

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Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. The company has a P/E ratio of 22.96. Currently there are 5 analysts that rate Sempra Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Sempra Energy 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 and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sempra Energy Ratings Report now.

Fifth Third Bancorp

Owners of Fifth Third Bancorp (NASDAQ: FITB) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $16.30 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Fifth Third Bancorp has been 10.5 million shares per day over the past 30 days. Fifth Third Bancorp has a market cap of $14.4 billion and is part of the banking industry. Shares are up 7.7% year to date as of the close of trading on Friday.

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.

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The company has a P/E ratio of 9.95. Currently there are 11 analysts that rate Fifth Third Bancorp a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp 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, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fifth Third Bancorp 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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