5 Stocks Going Ex-Dividend Tomorrow: ANH, CLC, ARCP, EXP, CSCO

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 4, 2013, 5 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 9.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Anworth Mortgage Asset Corporation

Owners of Anworth Mortgage Asset Corporation (NYSE: ANH) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $6.33 as of 9:36 a.m. ET, the dividend yield is 9.5%.

The average volume for Anworth Mortgage Asset Corporation has been 1.2 million shares per day over the past 30 days. Anworth Mortgage Asset Corporation has a market cap of $908.2 million and is part of the real estate industry. Shares are up 9.5% year to date as of the close of trading on Tuesday.

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Anworth Mortgage Asset Corporation is a publicly owned real estate investment trust. The firm invests in the fixed income and real estate markets of the United States. The company has a P/E ratio of 9.43. Currently there are 3 analysts that rate Anworth Mortgage Asset Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Anworth Mortgage Asset Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. 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 disappointing return on equity. You can view the full Anworth Mortgage Asset Corporation Ratings Report now.

Clarcor

Owners of Clarcor (NYSE: CLC) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $51.55 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Clarcor has been 237,900 shares per day over the past 30 days. Clarcor has a market cap of $2.6 billion and is part of the industrial industry. Shares are up 7.8% year to date as of the close of trading on Tuesday.

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CLARCOR Inc. provides filtration products, filtration systems and services, and consumer and industrial packaging products worldwide. The company has a P/E ratio of 21.19. Currently there are 2 analysts that rate Clarcor a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Clarcor 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, good cash flow from operations, growth in earnings per share, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Clarcor Ratings Report now.

American Realty Capital Properties

Owners of American Realty Capital Properties (NASDAQ: ARCP) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $14.56 as of 9:36 a.m. ET, the dividend yield is 6.2%.

The average volume for American Realty Capital Properties has been 2.5 million shares per day over the past 30 days. American Realty Capital Properties has a market cap of $190.5 million and is part of the real estate industry. Shares are up 11.3% year to date as of the close of trading on Tuesday.

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American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. Currently there is 1 analyst that rates American Realty Capital Properties a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates American Realty Capital Properties as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. You can view the full American Realty Capital Properties Ratings Report now.

Eagle Materials

Owners of Eagle Materials (NYSE: EXP) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $63.97 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Eagle Materials has been 857,400 shares per day over the past 30 days. Eagle Materials has a market cap of $3.2 billion and is part of the materials & construction industry. Shares are up 9.1% year to date as of the close of trading on Tuesday.

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Eagle Materials Inc. manufactures and distributes building products used in residential, industrial, commercial, and infrastructure construction in the United States. The company operates in four segments: Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates. The company has a P/E ratio of 50.76. Currently there is 1 analyst that rates Eagle Materials a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Eagle Materials as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Eagle Materials Ratings Report now.

Cisco Systems

Owners of Cisco Systems (NASDAQ: CSCO) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.19 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for Cisco Systems has been 35.4 million shares per day over the past 30 days. Cisco Systems has a market cap of $111.1 billion and is part of the computer hardware industry. Shares are up 8% year to date as of the close of trading on Tuesday.

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.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. The company has a P/E ratio of 11.97. Currently there are 20 analysts that rate Cisco Systems a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cisco Systems 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, revenue growth, 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 lackluster performance in the stock itself. You can view the full Cisco Systems 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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