5 Stocks Going Ex-Dividend Tomorrow: WSR, BKU, WWW, IVR, CAH

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:

Whitestone REIT

Owners of Whitestone REIT (NYSE: WSR) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $15.14 as of 9:36 a.m. ET, the dividend yield is 7.5%.

The average volume for Whitestone REIT has been 101,600 shares per day over the past 30 days. Whitestone REIT has a market cap of $257.6 million and is part of the real estate industry. Shares are up 7.7% year to date as of the close of trading on Monday.

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No company description available. The company has a P/E ratio of 94.31. Currently there is 1 analyst that rates Whitestone REIT a buy, no analysts rate it a sell, and 3 rate it a hold.

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

BankUnited

Owners of BankUnited (NYSE: BKU) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $25.91 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for BankUnited has been 639,100 shares per day over the past 30 days. BankUnited has a market cap of $2.4 billion and is part of the banking industry. Shares are up 5.9% 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.

BankUnited, Inc., a bank holding company, provides a range of banking products and financial services to commercial and middle-market businesses, as well as individual customers primarily in Florida, the United States. The company has a P/E ratio of 12.57. Currently there are 2 analysts that rate BankUnited a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates BankUnited as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full BankUnited Ratings Report now.

Wolverine World Wide

Owners of Wolverine World Wide (NYSE: WWW) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $45.44 as of 9:36 a.m. ET, the dividend yield is 1%.

The average volume for Wolverine World Wide has been 546,400 shares per day over the past 30 days. Wolverine World Wide has a market cap of $2.3 billion and is part of the consumer non-durables industry. Shares are up 10.9% year to date as of the close of trading on Monday.

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Wolverine World Wide, Inc. designs, manufactures, sources, and markets branded footwear, apparel, and accessories. The company has a P/E ratio of 28.33. Currently there are 3 analysts that rate Wolverine World Wide a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wolverine World Wide Ratings Report now.

Invesco Mortgage Capital

Owners of Invesco Mortgage Capital (NYSE: IVR) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $22.16 as of 9:36 a.m. ET, the dividend yield is 11.8%.

The average volume for Invesco Mortgage Capital has been 2.0 million shares per day over the past 30 days. Invesco Mortgage Capital has a market cap of $3.0 billion and is part of the real estate industry. Shares are up 12% year to date as of the close of trading on Monday.

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Invesco Agency Securities Inc. operates as a mortgage real estate investment trust. The company was founded in 2008 and is based in Atlanta, Georgia. The company has a P/E ratio of 7.60. Currently there are 3 analysts that rate Invesco Mortgage Capital a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Invesco Mortgage Capital as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. 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 Invesco Mortgage Capital Ratings Report now.

Cardinal Health

Owners of Cardinal Health (NYSE: CAH) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $42.16 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Cardinal Health has been 3.0 million shares per day over the past 30 days. Cardinal Health has a market cap of $14.3 billion and is part of the wholesale industry. Shares are up 2.1% 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.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. The company has a P/E ratio of 12.79. Currently there are 8 analysts that rate Cardinal Health a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cardinal Health 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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