4 Stocks Going Ex-Dividend Tomorrow: GRT, LHO, ESS, ACE

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:

Glimcher Realty

Owners of Glimcher Realty (NYSE: GRT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $11.40 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Glimcher Realty has been 981,100 shares per day over the past 30 days. Glimcher Realty has a market cap of $1.6 billion and is part of the real estate industry. Shares are up 1.9% year to date as of the close of trading on Friday.

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Glimcher Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, leases, acquires, develops, and operates a portfolio of retail properties, including regional and super regional malls, as well as community shopping centers. Currently there are 4 analysts that rate Glimcher Realty a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Glimcher Realty as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. You can view the full Glimcher Realty Ratings Report now.

LaSalle Hotel Properties

Owners of LaSalle Hotel Properties (NYSE: LHO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $24.97 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for LaSalle Hotel Properties has been 859,700 shares per day over the past 30 days. LaSalle Hotel Properties has a market cap of $2.4 billion and is part of the real estate industry. Shares are down 1.1% 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.

LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. The company has a P/E ratio of 48.81. Currently there are 5 analysts that rate LaSalle Hotel Properties a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates LaSalle Hotel Properties as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LaSalle Hotel Properties Ratings Report now.

Essex Property

Owners of Essex Property (NYSE: ESS) shares as of market close today will be eligible for a dividend of per share. At a price of $150.21 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Essex Property has been 249,600 shares per day over the past 30 days. Essex Property has a market cap of $5.7 billion and is part of the real estate industry. Shares are up 2.5% 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.

Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. The company has a P/E ratio of 48.26. Currently there are 13 analysts that rate Essex Property a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Essex Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Essex Property Ratings Report now.

ACE

Owners of ACE (NYSE: ACE) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $88.69 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for ACE has been 1.4 million shares per day over the past 30 days. ACE has a market cap of $30.0 billion and is part of the insurance industry. Shares are up 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.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insured's worldwide. The company has a P/E ratio of 11.21. Currently there are 14 analysts that rate ACE a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ACE 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, attractive valuation levels 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 ACE 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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