4 Stocks Going Ex-Dividend Tomorrow: GNTX, TMK, SYY, BMY

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:

Gentex Corporation

Owners of Gentex Corporation (NASDAQ: GNTX) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $19.98 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Gentex Corporation has been 1.1 million shares per day over the past 30 days. Gentex Corporation has a market cap of $2.9 billion and is part of the automotive industry. Shares are up 5.1% year to date as of the close of trading on Monday.

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Gentex Corporation designs, develops, manufactures, and markets electro-optical products for the automotive, commercial building, and aircraft industries primarily in the United States, Germany, and Japan. The company has a P/E ratio of 17.10. Currently there are 2 analysts that rate Gentex Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Gentex 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, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Gentex Corporation Ratings Report now.

Torchmark Corporation

Owners of Torchmark Corporation (NYSE: TMK) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $59.78 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for Torchmark Corporation has been 553,800 shares per day over the past 30 days. Torchmark Corporation has a market cap of $5.6 billion and is part of the insurance industry. Shares are up 15.1% year to date as of the close of trading on Monday.

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Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. The company operates in three segments: Life Insurance, Health Insurance, and Annuities. The company has a P/E ratio of 11.05.

TheStreet Ratings rates Torchmark Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Torchmark Corporation Ratings Report now.

Sysco Corporation

Owners of Sysco Corporation (NYSE: SYY) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $35.37 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Sysco Corporation has been 3.7 million shares per day over the past 30 days. Sysco Corporation has a market cap of $20.6 billion and is part of the wholesale industry. Shares are up 11.3% year to date as of the close of trading on Monday.

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Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry. The company has a P/E ratio of 19.32. Currently there is 1 analyst that rates Sysco Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sysco Corporation as a buy. 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, reasonable valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Sysco Corporation Ratings Report now.

Bristol-Myers Squibb Company

Owners of Bristol-Myers Squibb Company (NYSE: BMY) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $41.26 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Bristol-Myers Squibb Company has been 9.9 million shares per day over the past 30 days. Bristol-Myers Squibb Company has a market cap of $67.7 billion and is part of the drugs industry. Shares are up 26.2% year to date as of the close of trading on Monday.

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Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. The company has a P/E ratio of 35.51. Currently there are 7 analysts that rate Bristol-Myers Squibb Company a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Bristol-Myers Squibb Company 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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