5 Stocks Going Ex-Dividend Tomorrow: STB, CM, PWE, STLD, HST

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:

Student Transportation

Owners of Student Transportation (NASDAQ: STB) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $6.45 as of 9:36 a.m. ET, the dividend yield is 8.7%.

The average volume for Student Transportation has been 90,700 shares per day over the past 30 days. Student Transportation has a market cap of $514.7 million and is part of the diversified services industry. Shares are up 3.7% year to date as of the close of trading on Friday.

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Student Transportation Inc. provides school bus transportation and management services to public and private schools in North America. The company has a P/E ratio of 49.08. Currently there are 2 analysts that rate Student Transportation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Student Transportation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, poor profit margins and generally high debt management risk. You can view the full Student Transportation Ratings Report now.

Canadian Imperial Bank of Commerce

Owners of Canadian Imperial Bank of Commerce (NYSE: CM) shares as of market close today will be eligible for a dividend of 92 cents per share. At a price of $80.15 as of 9:35 a.m. ET, the dividend yield is 4.6%.

The average volume for Canadian Imperial Bank of Commerce has been 142,800 shares per day over the past 30 days. Canadian Imperial Bank of Commerce has a market cap of $32.2 billion and is part of the banking industry. Shares are down 1.8% year to date as of the close of trading on Friday.

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Canadian Imperial Bank of Commerce provides various financial products and services to individual, small business, commercial, corporate, and institutional customers in Canada and internationally. The company has a P/E ratio of 10.21. Currently there are 4 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Canadian Imperial Bank of Commerce Ratings Report now.

Penn West Petroleum

Owners of Penn West Petroleum (NYSE: PWE) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $11.61 as of 9:35 a.m. ET, the dividend yield is 9.2%.

The average volume for Penn West Petroleum has been 2.0 million shares per day over the past 30 days. Penn West Petroleum has a market cap of $5.6 billion and is part of the energy industry. Shares are up 6.4% year to date as of the close of trading on Friday.

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Penn West Petroleum Ltd., an exploration and production company, engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in western Canada. The company has a P/E ratio of 31.51. Currently there are no analysts that rate Penn West Petroleum a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Penn West Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Penn West Petroleum Ratings Report now.

Steel Dynamics

Owners of Steel Dynamics (NASDAQ: STLD) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $15.62 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Steel Dynamics has been 2.7 million shares per day over the past 30 days. Steel Dynamics has a market cap of $3.4 billion and is part of the metals & mining industry. Shares are up 13.5% 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.

Steel Dynamics, Inc., together with its subsidiaries, produces and sells steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The company has a P/E ratio of 21.35. Currently there are 8 analysts that rate Steel Dynamics a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Steel Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Steel Dynamics Ratings Report now.

Host Hotels & Resorts

Owners of Host Hotels & Resorts (NYSE: HST) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $16.98 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Host Hotels & Resorts has been 7.7 million shares per day over the past 30 days. Host Hotels & Resorts has a market cap of $12.4 billion and is part of the real estate industry. Shares are up 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.

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. The company has a P/E ratio of 1703.00. Currently there are 9 analysts that rate Host Hotels & Resorts a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Host Hotels & Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Host Hotels & Resorts 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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