5 Stocks Going Ex-Dividend Tomorrow: PRA, CUBE, CIM, O, DELL

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:

Proassurance Corporation

Owners of Proassurance Corporation (NYSE: PRA) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $46.79 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Proassurance Corporation has been 246,600 shares per day over the past 30 days. Proassurance Corporation has a market cap of $2.9 billion and is part of the insurance industry. Shares are up 10.6% year to date as of the close of trading on Monday.

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ProAssurance Corporation, through its subsidiaries, provides medical and other professional liability insurance products to individuals and institutions engaged in the delivery of healthcare in the United States. The company also offers legal professional liability insurance services. The company has a P/E ratio of 10.46. Currently there are 5 analysts that rate Proassurance Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Proassurance Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Proassurance Corporation Ratings Report now.

CubeSmart

Owners of CubeSmart (NYSE: CUBE) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $15.98 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for CubeSmart has been 1.5 million shares per day over the past 30 days. CubeSmart has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 8.3% year to date as of the close of trading on Monday.

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U-Store-It Trust operates as a real estate investment trust (REIT). The company, together with its subsidiaries, engages in the ownership, operation, acquisition, and development of self-storage facilities in the United States. Currently there are 7 analysts that rate CubeSmart a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates CubeSmart as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full CubeSmart Ratings Report now.

Chimera Investment Corporation

Owners of Chimera Investment Corporation (NYSE: CIM) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $3.30 as of 9:36 a.m. ET, the dividend yield is 11.1%.

The average volume for Chimera Investment Corporation has been 12.0 million shares per day over the past 30 days. Chimera Investment Corporation has a market cap of $3.3 billion and is part of the real estate industry. Shares are up 24.9% year to date as of the close of trading on Monday.

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Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 25.00. Currently there are no analysts that rate Chimera Investment Corporation a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chimera Investment Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chimera Investment Corporation Ratings Report now.

Realty Income Corporation

Owners of Realty Income Corporation (NYSE: O) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $44.46 as of 9:36 a.m. ET, the dividend yield is 4.9%.

The average volume for Realty Income Corporation has been 2.0 million shares per day over the past 30 days. Realty Income Corporation has a market cap of $8.0 billion and is part of the real estate industry. Shares are up 9.9% year to date as of the close of trading on Monday.

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Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. The company has a P/E ratio of 51.70. Currently there are 4 analysts that rate Realty Income Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Realty Income Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Realty Income Corporation Ratings Report now.

Dell

Owners of Dell (NASDAQ: DELL) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $14.56 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Dell has been 37.2 million shares per day over the past 30 days. Dell has a market cap of $24.7 billion and is part of the computer hardware industry. Shares are up 43.1% 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.

Dell Inc., an information technology company, provides a range of technology solutions worldwide. The company has a P/E ratio of 10.47. Currently there is 1 analyst that rates Dell a buy, 2 analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Dell as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. You can view the full Dell 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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