5 Stocks Going Ex-Dividend Tomorrow: CMO, CVA, CCJ, EIX, DOW

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:

Capstead Mortgage Corporation

Owners of Capstead Mortgage Corporation (NYSE: CMO) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $13.14 as of 9:36 a.m. ET, the dividend yield is 9.6%.

The average volume for Capstead Mortgage Corporation has been 759,200 shares per day over the past 30 days. Capstead Mortgage Corporation has a market cap of $1.2 billion and is part of the real estate industry. Shares are up 13% year to date as of the close of trading on Friday.

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Capstead Mortgage Corporation operates as a self-managed real estate investment trust. The company has a P/E ratio of 8.60. Currently there is 1 analyst that rates Capstead Mortgage Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Capstead Mortgage Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. 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 disappointing return on equity. You can view the full Capstead Mortgage Corporation Ratings Report now.

Covanta Holding Corporation

Owners of Covanta Holding Corporation (NYSE: CVA) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $20.16 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for Covanta Holding Corporation has been 894,300 shares per day over the past 30 days. Covanta Holding Corporation has a market cap of $2.6 billion and is part of the materials & construction industry. Shares are up 9.1% year to date as of the close of trading on Friday.

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Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in North America. The company has a P/E ratio of 23.08. Currently there are 5 analysts that rate Covanta Holding Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Covanta Holding Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Covanta Holding Corporation Ratings Report now.

Cameco

Owners of Cameco (NYSE: CCJ) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $21.55 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Cameco has been 1.7 million shares per day over the past 30 days. Cameco has a market cap of $8.4 billion and is part of the metals & mining industry. Shares are up 7.5% 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.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The company has a P/E ratio of 31.15. Currently there are 8 analysts that rate Cameco a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Cameco Ratings Report now.

Edison International

Owners of Edison International (NYSE: EIX) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $50.78 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Edison International has been 2.3 million shares per day over the past 30 days. Edison International has a market cap of $16.6 billion and is part of the utilities industry. Shares are up 11.5% year to date as of the close of trading on Friday.

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Edison International, through its subsidiaries, generates and distributes electric power. It also invests in transportation infrastructure and energy assets, including renewable energy in the Netherlands, Australia, Switzerland, and the United Kingdom. The company has a P/E ratio of 11.16. Currently there are 9 analysts that rate Edison International a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Edison International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, increase 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 Edison International Ratings Report now.

Dow Chemical

Owners of Dow Chemical (NYSE: DOW) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $32.78 as of 9:35 a.m. ET, the dividend yield is 3.8%.

The average volume for Dow Chemical has been 7.3 million shares per day over the past 30 days. Dow Chemical has a market cap of $40.3 billion and is part of the chemicals industry. Shares are up 0.5% 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 Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. The company has a P/E ratio of 47.77. Currently there are 2 analysts that rate Dow Chemical a buy, 4 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Dow Chemical as a buy. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Dow Chemical 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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