4 Stocks Going Ex-Dividend Tomorrow: GORO, GCO, SAN, AET

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 9, 2013, 7 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 10.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Gold Resource

Owners of Gold Resource (AMEX: GORO) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $12.00 as of 9:35 a.m. ET, the dividend yield is 6%.

The average volume for Gold Resource has been 352,200 shares per day over the past 30 days. Gold Resource has a market cap of $630.6 million and is part of the metals & mining industry. Shares are down 22.2% year to date as of the close of trading on Friday.

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Gold Resource Corporation engages in the exploration for and production of gold and silver in Mexico. The company also explores for copper, lead, and zinc. The company has a P/E ratio of 19.95. Currently there is 1 analyst that rates Gold Resource a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Gold Resource as a hold. 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Gold Resource Ratings Report now.

Genesco

Owners of Genesco (NYSE: GCO) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $58.60 as of 9:35 a.m. ET, the dividend yield is 0%.

The average volume for Genesco has been 298,600 shares per day over the past 30 days. Genesco has a market cap of $1.4 billion and is part of the retail industry. Shares are up 6.4% year to date as of the close of trading on Friday.

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.

Genesco Inc. engages in the retail and wholesale of branded footwear, apparel, and accessories. The company`s Journeys Group segment operates the Journeys, Journeys Kidz, and Shi by Journeys retail stores; and engages in catalog and e-commerce operations. The company has a P/E ratio of 12.65. Currently there are 9 analysts that rate Genesco a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Genesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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 Genesco Ratings Report now.

Banco Santander

Owners of Banco Santander (NYSE: SAN) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $6.86 as of 9:35 a.m. ET, the dividend yield is 8.8%.

The average volume for Banco Santander has been 5.7 million shares per day over the past 30 days. Banco Santander has a market cap of $68.6 billion and is part of the banking industry. Shares are down 15.9% year to date as of the close of trading on Friday.

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Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile. Currently there are no analysts that rate Banco Santander a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Banco Santander as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and deteriorating net income. You can view the full Banco Santander Ratings Report now.

Aetna

Owners of Aetna (NYSE: AET) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $53.72 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Aetna has been 3.3 million shares per day over the past 30 days. Aetna has a market cap of $17.9 billion and is part of the health services industry. Shares are up 16.6% year to date as of the close of trading on Friday.

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.

Aetna Inc. operates as a diversified health care benefits company in the United States. The company operates in three segments: Health Care, Group Insurance, and Large Case Pensions. The company has a P/E ratio of 11.35. Currently there are 11 analysts that rate Aetna a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Aetna as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Aetna 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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