5 Stocks Going Ex-Dividend Tomorrow: SRC, WRB, LRY, RSG, STT

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:

Spirit Realty Capital

Owners of Spirit Realty Capital (NYSE: SRC) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $19.26 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for Spirit Realty Capital has been 427,100 shares per day over the past 30 days. Spirit Realty Capital has a market cap of $1.6 billion and is part of the real estate industry. Shares are up 7.8% 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.

Currently there are 3 analysts that rate Spirit Realty Capital a buy, no analysts rate it a sell, and 2 rate it a hold.

You can view the full Spirit Realty Capital Ratings Report now.

WR Berkley

Owners of WR Berkley (NYSE: WRB) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $43.97 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for WR Berkley has been 496,100 shares per day over the past 30 days. WR Berkley has a market cap of $5.9 billion and is part of the insurance industry. Shares are up 15.9% 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.

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writers primarily in the United States. The company operates in five segments: Specialty, Regional, Alternative Markets, Reinsurance, and International. The company has a P/E ratio of 12.21. Currently there is 1 analyst that rates WR Berkley a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates WR Berkley as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, 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 WR Berkley Ratings Report now.

Liberty Property

Owners of Liberty Property (NYSE: LRY) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $39.90 as of 9:35 a.m. ET, the dividend yield is 4.8%.

The average volume for Liberty Property has been 910,100 shares per day over the past 30 days. Liberty Property has a market cap of $4.7 billion and is part of the real estate industry. Shares are up 11% 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.

Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The company has a P/E ratio of 37.08. Currently there are 3 analysts that rate Liberty Property a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Liberty Property 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 growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Liberty Property Ratings Report now.

Republic Services

Owners of Republic Services (NYSE: RSG) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $32.73 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Republic Services has been 1.8 million shares per day over the past 30 days. Republic Services has a market cap of $11.8 billion and is part of the materials & construction industry. Shares are up 11.3% 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.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. The company has a P/E ratio of 21.06. Currently there are 2 analysts that rate Republic Services a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Republic Services Ratings Report now.

State Street

Owners of State Street (NYSE: STT) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $59.61 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for State Street has been 4.2 million shares per day over the past 30 days. State Street has a market cap of $27.3 billion and is part of the financial services industry. Shares are up 26.2% 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.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. The company has a P/E ratio of 14.23. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates State Street 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, revenue growth, attractive valuation levels 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 State Street 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.
null