5 Stocks Going Ex-Dividend Monday: SPRD, WDR, INTU, AMT, T

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 8, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 4.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Spreadtrum Communications

Owners of Spreadtrum Communications (NASDAQ: SPRD) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $19.60 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Spreadtrum Communications has been 853,000 shares per day over the past 30 days. Spreadtrum Communications has a market cap of $963.4 million and is part of the electronics industry. Shares are up 14% year to date as of the close of trading on Thursday.

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.

Spreadtrum Communications, Inc., a fabless semiconductor company, engages in the design, development, and marketing of mobile chipset platforms for smartphones, feature phones, and other consumer electronics products in the People's Republic of China and internationally. The company has a P/E ratio of 8.95. Currently there are 4 analysts that rate Spreadtrum Communications a buy, no analysts rate it a sell, and 2 rate it a hold.

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

Waddell & Reed Financial

Owners of Waddell & Reed Financial (NYSE: WDR) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $41.40 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Waddell & Reed Financial has been 834,800 shares per day over the past 30 days. Waddell & Reed Financial has a market cap of $3.6 billion and is part of the financial services industry. Shares are up 22.2% year to date as of the close of trading on Thursday.

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.

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company has a P/E ratio of 18.46. Currently there are 3 analysts that rate Waddell & Reed Financial a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Waddell & Reed Financial 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, revenue growth, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Waddell & Reed Financial Ratings Report now.

Intuit

Owners of Intuit (NASDAQ: INTU) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $63.47 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Intuit has been 1.9 million shares per day over the past 30 days. Intuit has a market cap of $19.1 billion and is part of the computer software & services industry. Shares are up 8.8% year to date as of the close of trading on Thursday.

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.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. The company has a P/E ratio of 27.14. Currently there are 8 analysts that rate Intuit a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, expanding profit margins 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 Intuit Ratings Report now.

American Tower

Owners of American Tower (NYSE: AMT) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $77.91 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for American Tower has been 2.4 million shares per day over the past 30 days. American Tower has a market cap of $30.8 billion and is part of the real estate industry. Shares are up 1.7% year to date as of the close of trading on Thursday.

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 Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. The company has a P/E ratio of 48.76. Currently there are 13 analysts that rate American Tower a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, 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 American Tower Ratings Report now.

AT&T

Owners of AT&T (NYSE: T) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $37.84 as of 9:36 a.m. ET, the dividend yield is 4.8%.

The average volume for AT&T has been 25.0 million shares per day over the past 30 days. AT&T has a market cap of $206.1 billion and is part of the telecommunications industry. Shares are up 12.5% year to date as of the close of trading on Thursday.

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.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. The company has a P/E ratio of 29.82. Currently there are 9 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates AT&T 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, compelling growth in net income, revenue growth and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full AT&T 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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