3 Stocks Going Ex-Dividend Tomorrow: MSM, GGP, EOG

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 12, 2013, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 3.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

MSC Industrial Direct

Owners of MSC Industrial Direct (NYSE: MSM) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $79.65 as of 9:33 a.m. ET, the dividend yield is 1.4%.

The average volume for MSC Industrial Direct has been 349,900 shares per day over the past 30 days. MSC Industrial Direct has a market cap of $4.0 billion and is part of the wholesale industry. Shares are up 6% year to date as of the close of trading on Wednesday.

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MSC Industrial Direct Co., Inc., together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) products to industrial customers in the United States. The company has a P/E ratio of 20.09.

TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures 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 MSC Industrial Direct Ratings Report now.

General Growth Properties

Owners of General Growth Properties (NYSE: GGP) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $20.95 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for General Growth Properties has been 4.2 million shares per day over the past 30 days. General Growth Properties has a market cap of $19.4 billion and is part of the real estate industry. Shares are up 5% year to date as of the close of trading on Wednesday.

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.

General Growth Properties, Inc. operates as a real estate investment trust in the United States. It operates in two segments, Retail and Other, and Master Planned Communities.

TheStreet Ratings rates General Growth Properties as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full General Growth Properties Ratings Report now.

EOG Resources

Owners of EOG Resources (NYSE: EOG) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $128.37 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for EOG Resources has been 1.7 million shares per day over the past 30 days. EOG Resources has a market cap of $34.9 billion and is part of the energy industry. Shares are up 6.5% year to date as of the close of trading on Wednesday.

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EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. The company has a P/E ratio of 60.78.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, 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 EOG Resources 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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