5 Stocks Going Ex-Dividend Tomorrow: PNM, IEX, PKI, FL, VALE

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:

PNM Resources

Owners of PNM Resources (NYSE: PNM) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.00 as of 9:33 a.m. ET, the dividend yield is 2.8%.

The average volume for PNM Resources has been 502,000 shares per day over the past 30 days. PNM Resources has a market cap of $1.9 billion and is part of the utilities industry. Shares are up 15.6% 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.

PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It primarily engages in the generation, transmission, and distribution of electricity. The company has a P/E ratio of 18.09.

TheStreet Ratings rates PNM Resources as a buy. Among the primary strengths of the company is its 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 PNM Resources Ratings Report now.

Idex Corporation

Owners of Idex Corporation (NYSE: IEX) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $51.28 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Idex Corporation has been 383,600 shares per day over the past 30 days. Idex Corporation has a market cap of $4.4 billion and is part of the industrial industry. Shares are up 13.7% 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.

IDEX Corporation manufactures and sells various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The company has a P/E ratio of 117.53.

TheStreet Ratings rates Idex Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, 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 Idex Corporation Ratings Report now.

PerkinElmer

Owners of PerkinElmer (NYSE: PKI) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $34.23 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for PerkinElmer has been 1.0 million shares per day over the past 30 days. PerkinElmer has a market cap of $4.0 billion and is part of the health services 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.

PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, research, environmental, industrial, and laboratory services markets worldwide. The company operates in two segments, Human Health and Environmental Health. The company has a P/E ratio of 58.18.

TheStreet Ratings rates PerkinElmer 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, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PerkinElmer Ratings Report now.

Foot Locker

Owners of Foot Locker (NYSE: FL) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $33.50 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Foot Locker has been 2.5 million shares per day over the past 30 days. Foot Locker has a market cap of $5.2 billion and is part of the consumer non-durables industry. Shares are up 7.4% 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.

Foot Locker, Inc., together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. The company has a P/E ratio of 13.38.

TheStreet Ratings rates Foot Locker as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, 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 shows low profit margins. You can view the full Foot Locker Ratings Report now.

Vale

Owners of Vale (NYSE: VALE) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $16.66 as of 9:36 a.m. ET, the dividend yield is 4.5%.

The average volume for Vale has been 17.6 million shares per day over the past 30 days. Vale has a market cap of $93.7 billion and is part of the metals & mining industry. Shares are down 21.8% 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.

Vale S.A. engages in the research, production, and marketing of iron ore and pellets, nickel, fertilizers, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. The company has a P/E ratio of 16.33.

TheStreet Ratings rates Vale 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 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 weak operating cash flow. You can view the full Vale 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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