4 Stocks Going Ex-Dividend Tomorrow: ERF, BDN, MAS, AXP

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, April 3, 2013, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 8.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Enerplus

Owners of Enerplus (NYSE: ERF) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $14.50 as of 9:35 a.m. ET, the dividend yield is 7.2%.

The average volume for Enerplus has been 918,000 shares per day over the past 30 days. Enerplus has a market cap of $2.9 billion and is part of the energy industry. Shares are up 11.5% year to date as of the close of trading on Monday.

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Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Currently there are 4 analysts that rate Enerplus a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Enerplus as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Enerplus Ratings Report now.

Brandywine Realty

Owners of Brandywine Realty (NYSE: BDN) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $14.98 as of 9:35 a.m. ET, the dividend yield is 4%.

The average volume for Brandywine Realty has been 2.0 million shares per day over the past 30 days. Brandywine Realty has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 22.2% year to date as of the close of trading on Monday.

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Brandywine Realty Trust is a publicly owned real estate investment firm. The firm engages in the engaged in the ownership, management, leasing, acquisition, and development of office and industrial properties. It primarily manages Class-A, suburban and urban office portfolio. Currently there are 3 analysts that rate Brandywine Realty a buy, 2 analysts rate it a sell, and 8 rate it a hold.

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

Masco Corporation

Owners of Masco Corporation (NYSE: MAS) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $19.99 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Masco Corporation has been 4.7 million shares per day over the past 30 days. Masco Corporation has a market cap of $7.2 billion and is part of the materials & construction industry. Shares are up 19.4% year to date as of the close of trading on Monday.

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Masco Corporation engages in the manufacture, distribution, and installation of home improvement and building products primarily in North America and Europe. Currently there are 5 analysts that rate Masco Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Masco Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full Masco Corporation Ratings Report now.

American Express

Owners of American Express (NYSE: AXP) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $67.46 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for American Express has been 5.5 million shares per day over the past 30 days. American Express has a market cap of $74.3 billion and is part of the financial services industry. Shares are up 17% 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.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company has a P/E ratio of 17.34. Currently there are 8 analysts that rate American Express a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance 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 American Express 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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