5 Stocks Going Ex-Dividend Tomorrow: BGB, CBRL, VIV, CXW, ARMH

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 17, 2013, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 7.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Blackstone / GSO Strategic Credit Fund

Owners of Blackstone / GSO Strategic Credit Fund (NYSE: BGB) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $19.88 as of 9:33 a.m. ET, the dividend yield is 7.1%.

The average volume for Blackstone / GSO Strategic Credit Fund has been 150,100 shares per day over the past 30 days. Blackstone / GSO Strategic Credit Fund has a market cap of $884.3 million and is part of the financial services industry. Shares are up 6.8% year to date as of the close of trading on Monday.

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 Blackstone / GSO Strategic Credit Fund Ratings Report now.

Cracker Barrel Old Country Store

Owners of Cracker Barrel Old Country Store (NASDAQ: CBRL) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $80.60 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Cracker Barrel Old Country Store has been 208,200 shares per day over the past 30 days. Cracker Barrel Old Country Store has a market cap of $2.0 billion and is part of the leisure industry. Shares are up 28.8% year to date as of the close of trading on Monday.

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.

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store restaurant and retail concept in the United States. Its restaurants provide breakfast, lunch, and dinner. The company has a P/E ratio of 17.54.

TheStreet Ratings rates Cracker Barrel Old Country Store as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Cracker Barrel Old Country Store Ratings Report now.

Telefonica Brasil S.A

Owners of Telefonica Brasil S.A (NYSE: VIV) shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $26.22 as of 9:36 a.m. ET, the dividend yield is 7.1%.

The average volume for Telefonica Brasil S.A has been 1.2 million shares per day over the past 30 days. Telefonica Brasil S.A has a market cap of $29.9 billion and is part of the telecommunications industry. Shares are up 7.7% year to date as of the close of trading on Monday.

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.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. The company has a P/E ratio of 6.48.

TheStreet Ratings rates Telefonica Brasil S.A 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Telefonica Brasil S.A Ratings Report now.

Corrections Corporation of America

At a price of $40.86 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for Corrections Corporation of America has been 1.8 million shares per day over the past 30 days. Corrections Corporation of America has a market cap of $4.1 billion and is part of the diversified services industry. Shares are up 15% year to date as of the close of trading on Monday.

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.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 26.14.

TheStreet Ratings rates Corrections Corporation of America 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, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Corrections Corporation of America Ratings Report now.

ARM Holdings

Owners of ARM Holdings (NASDAQ: ARMH) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $39.94 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for ARM Holdings has been 2.1 million shares per day over the past 30 days. ARM Holdings has a market cap of $19.4 billion and is part of the electronics industry. Shares are up 10% year to date as of the close of trading on Monday.

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.

The company has a P/E ratio of 277.33.

You can view the full ARM Holdings 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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