5 Stocks Going Ex-Dividend Tomorrow: AT, OFC, AXS, AUY, KRFT

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:

Atlantic Power Corporation

Owners of Atlantic Power Corporation (NYSE: AT) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $5.14 as of 9:36 a.m. ET, the dividend yield is 7.5%.

The average volume for Atlantic Power Corporation has been 1.4 million shares per day over the past 30 days. Atlantic Power Corporation has a market cap of $621.4 million and is part of the utilities industry. Shares are down 55.2% year to date as of the close of trading on Friday.

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Atlantic Power Corporation operates as a power generation and infrastructure company with a portfolio of assets in the United States and Canada. Currently there is 1 analyst that rates Atlantic Power Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

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

Corporate Office Properties

Owners of Corporate Office Properties (NYSE: OFC) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $26.68 as of 9:36 a.m. ET, the dividend yield is 4.1%.

The average volume for Corporate Office Properties has been 623,600 shares per day over the past 30 days. Corporate Office Properties has a market cap of $2.2 billion and is part of the real estate industry. Shares are up 6.2% 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.

Owns, manages, leases, acquires and develops suburban office properties located in the Greater Washington DC and other markets. At Dec. 31, 2005, this self-managed real estate investment trust owned 165 operating office properties with 13.7 million rentable square feet and several land parcels. Currently there are 2 analysts that rate Corporate Office Properties a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Corporate Office Properties 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 profit margins have been poor overall. You can view the full Corporate Office Properties Ratings Report now.

Axis Capital Holdings

Owners of Axis Capital Holdings (NYSE: AXS) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $41.23 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Axis Capital Holdings has been 800,000 shares per day over the past 30 days. Axis Capital Holdings has a market cap of $5.1 billion and is part of the insurance industry. Shares are up 19.7% 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.

AXIS Capital Holdings Limited provides specialty lines insurance and treaty reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 10.43. Currently there are 6 analysts that rate Axis Capital Holdings a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Axis Capital Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Axis Capital Holdings Ratings Report now.

Yamana Gold

Owners of Yamana Gold (NYSE: AUY) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $15.28 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Yamana Gold has been 6.2 million shares per day over the past 30 days. Yamana Gold has a market cap of $11.3 billion and is part of the metals & mining industry. Shares are down 9.9% 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.

Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company has a P/E ratio of 25.53. Currently there are 15 analysts that rate Yamana Gold a buy, no analysts rate it a sell, and none rate it a hold.

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

Kraft Foods Group

Owners of Kraft Foods Group (NASDAQ: KRFT) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $51.56 as of 9:37 a.m. ET, the dividend yield is 3.9%.

The average volume for Kraft Foods Group has been 3.4 million shares per day over the past 30 days. Kraft Foods Group has a market cap of $30.5 billion and is part of the food & beverage industry. Shares are up 13.6% 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.

The company has a P/E ratio of 18.73. Currently there are 11 analysts that rate Kraft Foods Group a buy, no analysts rate it a sell, and 6 rate it a hold.

You can view the full Kraft Foods Group 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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