3 Stocks Going Ex-Dividend Tomorrow: HRZN, AFT, GG

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 16, 2013, 3 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.9% to 9.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Horizon Technology Finance Corp BDC

Owners of Horizon Technology Finance Corp BDC (NASDAQ: HRZN) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.31 as of 9:32 a.m. ET, the dividend yield is 9.6%.

The average volume for Horizon Technology Finance Corp BDC has been 87,500 shares per day over the past 30 days. Horizon Technology Finance Corp BDC has a market cap of $137.8 million and is part of the financial services industry. Shares are down 3.5% year to date as of the close of trading on Friday.

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Horizon Technology Finance Corporation, a specialty finance company, lends to and invests in development-stage companies in the United States. The company has a P/E ratio of 10.21.

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

Apollo Senior Floating Rate Fund

Owners of Apollo Senior Floating Rate Fund (NYSE: AFT) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $20.40 as of 3:59 p.m. ET, the dividend yield is 6.2%.

The average volume for Apollo Senior Floating Rate Fund has been 73,600 shares per day over the past 30 days. Apollo Senior Floating Rate Fund has a market cap of $313.6 million and is part of the financial services industry. Shares are up 9% 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.

You can view the full Apollo Senior Floating Rate Fund Ratings Report now.

Goldcorp

Owners of Goldcorp (NYSE: GG) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $27.70 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Goldcorp has been 5.9 million shares per day over the past 30 days. Goldcorp has a market cap of $25.3 billion and is part of the metals & mining industry. Shares are down 19.1% 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.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. The company has a P/E ratio of 16.01.

TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Goldcorp 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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