5 Stocks Going Ex-Dividend Tomorrow: DX, HCC, RJF, SLG, NLY

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 27, 2013, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 11.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Dynex Capital

Owners of Dynex Capital (NYSE: DX) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $10.95 as of 9:31 a.m. ET, the dividend yield is 10.6%.

The average volume for Dynex Capital has been 375,000 shares per day over the past 30 days. Dynex Capital has a market cap of $592.8 million and is part of the real estate industry. Shares are up 15.6% year to date as of the close of trading on Monday.

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Dynex Capital, Inc., together with its subsidiaries, operates as a real estate investment trust or REIT in the United States. The company has a P/E ratio of 8.10. Currently there are 2 analysts that rate Dynex Capital a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Dynex Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Dynex Capital Ratings Report now.

HCC Insurance Holdings

Owners of HCC Insurance Holdings (NYSE: HCC) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.68 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for HCC Insurance Holdings has been 444,300 shares per day over the past 30 days. HCC Insurance Holdings has a market cap of $4.1 billion and is part of the insurance industry. Shares are up 11.6% year to date as of the close of trading on Monday.

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HCC Insurance Holdings, Inc. underwrites non-correlated specialty insurance products worldwide. The company operates in five segments: U.S. Property and Casualty, Professional Liability, Accident and Health, U.S. Surety and Credit, and International. The U.S. The company has a P/E ratio of 10.73. Currently there are 5 analysts that rate HCC Insurance Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates HCC Insurance Holdings as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full HCC Insurance Holdings Ratings Report now.

Raymond James Financial

Owners of Raymond James Financial (NYSE: RJF) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $45.92 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Raymond James Financial has been 688,600 shares per day over the past 30 days. Raymond James Financial has a market cap of $6.4 billion and is part of the financial services industry. Shares are up 18.3% year to date as of the close of trading on Monday.

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Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. The company has a P/E ratio of 20.16. Currently there are 4 analysts that rate Raymond James Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Raymond James Financial Ratings Report now.

SL Green Realty Corporation

Owners of SL Green Realty Corporation (NYSE: SLG) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $86.66 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for SL Green Realty Corporation has been 609,300 shares per day over the past 30 days. SL Green Realty Corporation has a market cap of $7.9 billion and is part of the real estate industry. Shares are up 12.4% year to date as of the close of trading on Monday.

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SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. The company has a P/E ratio of 73.56. Currently there are 7 analysts that rate SL Green Realty Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates SL Green Realty 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, revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full SL Green Realty Corporation Ratings Report now.

Annaly Capital Management

Owners of Annaly Capital Management (NYSE: NLY) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $16.10 as of 9:35 a.m. ET, the dividend yield is 11.2%.

The average volume for Annaly Capital Management has been 9.3 million shares per day over the past 30 days. Annaly Capital Management has a market cap of $15.3 billion and is part of the real estate industry. Shares are up 14% year to date as of the close of trading on Monday.

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.

Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investments in United States. The company has a P/E ratio of 9.43. Currently there are 3 analysts that rate Annaly Capital Management a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Annaly Capital Management as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Annaly Capital Management 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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