5 Stocks Going Ex-Dividend Monday: CLI, GES, CXW, RTN, ITUB

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.

Monday, April 1, 2013, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 6.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Mack-Cali Realty

Owners of Mack-Cali Realty (NYSE: CLI) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $28.81 as of 9:36 a.m. ET, the dividend yield is 6.3%.

The average volume for Mack-Cali Realty has been 760,600 shares per day over the past 30 days. Mack-Cali Realty has a market cap of $2.5 billion and is part of the real estate industry. Shares are up 9.9% year to date as of the close of trading on Wednesday.

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Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, management, acquisition, development, and construction of commercial real estate properties in the United States. The company has a P/E ratio of 61.04. Currently there are 3 analysts that rate Mack-Cali Realty a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Mack-Cali Realty as a hold. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Mack-Cali Realty Ratings Report now.

Guess

Owners of Guess (NYSE: GES) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $25.02 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for Guess has been 1.3 million shares per day over the past 30 days. Guess has a market cap of $2.1 billion and is part of the retail industry. Shares are up 2% year to date as of the close of trading on Wednesday.

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Guess , Inc. designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories for men, women, and children that reflect the American lifestyle and European fashion sensibilities. The company has a P/E ratio of 11.65. Currently there are 2 analysts that rate Guess a buy, 2 analysts rate it a sell, and 3 rate it a hold.

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

Corrections Corporation of America

Owners of Corrections Corporation of America (NYSE: CXW) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $38.50 as of 9:35 a.m. ET, the dividend yield is 5.5%.

The average volume for Corrections Corporation of America has been 1.7 million shares per day over the past 30 days. Corrections Corporation of America has a market cap of $3.8 billion and is part of the diversified services industry. Shares are up 8.3% year to date as of the close of trading on Wednesday.

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.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 24.58. Currently there are 4 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Corrections Corporation of America 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, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Corrections Corporation of America Ratings Report now.

Raytheon Company

Owners of Raytheon Company (NYSE: RTN) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $58.54 as of 9:36 a.m. ET, the dividend yield is 3.8%.

The average volume for Raytheon Company has been 2.2 million shares per day over the past 30 days. Raytheon Company has a market cap of $18.9 billion and is part of the aerospace/defense industry. Shares are up 1.5% year to date as of the close of trading on Wednesday.

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.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. The company has a P/E ratio of 10.23. Currently there are 5 analysts that rate Raytheon Company a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Raytheon Company Ratings Report now.

Itau Unibanco

Owners of Itau Unibanco (NYSE: ITUB) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $17.71 as of 9:36 a.m. ET, the dividend yield is 0.5%.

The average volume for Itau Unibanco has been 10.2 million shares per day over the past 30 days. Itau Unibanco has a market cap of $79.6 billion and is part of the banking industry. Shares are up 6.9% year to date as of the close of trading on Wednesday.

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 7 analysts that rate Itau Unibanco a buy, no analysts rate it a sell, and 2 rate it a hold.

You can view the full Itau Unibanco 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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