5 Stocks Going Ex-Dividend Tomorrow: FULT, HTS, CBL, APD, MDLZ

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:

Fulton Financial

Owners of Fulton Financial (NASDAQ: FULT) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $11.88 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Fulton Financial has been 949,100 shares per day over the past 30 days. Fulton Financial has a market cap of $2.3 billion and is part of the banking industry. Shares are up 23% year to date as of the close of trading on Monday.

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Fulton Financial Corporation operates as a multi-bank financial holding company that provides various banking and financial services to businesses and consumers. The company has a P/E ratio of 14.69. Currently there are 3 analysts that rate Fulton Financial a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Fulton Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Fulton Financial Ratings Report now.

Hatteras Financial Corporation

Owners of Hatteras Financial Corporation (NYSE: HTS) shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $28.15 as of 9:35 a.m. ET, the dividend yield is 10%.

The average volume for Hatteras Financial Corporation has been 814,000 shares per day over the past 30 days. Hatteras Financial Corporation has a market cap of $2.8 billion and is part of the real estate industry. Shares are up 13% year to date as of the close of trading on Monday.

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Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT). The company has a P/E ratio of 7.67. Currently there are 5 analysts that rate Hatteras Financial Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Hatteras Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Hatteras Financial Corporation Ratings Report now.

CBL & Associates Properties

Owners of CBL & Associates Properties (NYSE: CBL) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $23.67 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for CBL & Associates Properties has been 1.5 million shares per day over the past 30 days. CBL & Associates Properties has a market cap of $3.8 billion and is part of the real estate industry. Shares are up 11.3% year to date as of the close of trading on Monday.

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CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. The company has a P/E ratio of 43.50. Currently there are 6 analysts that rate CBL & Associates Properties a buy, 3 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CBL & Associates Properties as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full CBL & Associates Properties Ratings Report now.

Air Products & Chemicals

Owners of Air Products & Chemicals (NYSE: APD) shares as of market close today will be eligible for a dividend of 71 cents per share. At a price of $87.87 as of 9:37 a.m. ET, the dividend yield is 3.2%.

The average volume for Air Products & Chemicals has been 953,500 shares per day over the past 30 days. Air Products & Chemicals has a market cap of $18.2 billion and is part of the chemicals industry. Shares are up 4.1% year to date as of the close of trading on Monday.

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Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company has a P/E ratio of 17.86. Currently there are 7 analysts that rate Air Products & Chemicals a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Air Products & Chemicals as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Air Products & Chemicals Ratings Report now.

Mondelez International

Owners of Mondelez International (NASDAQ: MDLZ) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $30.04 as of 9:37 a.m. ET, the dividend yield is 1.7%.

The average volume for Mondelez International has been 13.0 million shares per day over the past 30 days. Mondelez International has a market cap of $52.9 billion and is part of the food & beverage industry. Shares are up 17.4% 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.

Mondelez International, Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 34.57. Currently there are 15 analysts that rate Mondelez International a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Mondelez International as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins 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, unimpressive growth in net income and weak operating cash flow. You can view the full Mondelez International 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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