LAND, PGH, HRL, CAT

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.

Gladstone Land

Owners of Gladstone Land (NASDAQ: LAND) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $17.63 as of 4:00 p.m. ET, the dividend yield is 8.5%.

The average volume for Gladstone Land has been 50,700 shares per day over the past 30 days. Gladstone Land has a market cap of $111.0 million and is part of the real estate industry. Shares are unchanged year to date as of the close of trading on Monday.

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The company has a P/E ratio of 77.27.

You can view the full Gladstone Land Ratings Report now.

Pengrowth Energy

Owners of Pengrowth Energy (NYSE: PGH) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $4.84 as of 4:02 p.m. ET, the dividend yield is 9.5%.

The average volume for Pengrowth Energy has been 2.5 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $2.6 billion and is part of the energy industry. Shares are down 4.4% 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.

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Canada. The company has a P/E ratio of 167.00.

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

Hormel Foods Corporation

Owners of Hormel Foods Corporation (NYSE: HRL) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.06 as of 4:06 p.m. ET, the dividend yield is 1.7%.

The average volume for Hormel Foods Corporation has been 889,500 shares per day over the past 30 days. Hormel Foods Corporation has a market cap of $10.8 billion and is part of the food & beverage industry. Shares are up 31.1% 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.

Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 22.01.

TheStreet Ratings rates Hormel Foods Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hormel Foods Corporation Ratings Report now.

Caterpillar

Owners of Caterpillar (NYSE: CAT) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $82.61 as of 4:00 p.m. ET, the dividend yield is 2.4%.

The average volume for Caterpillar has been 6.2 million shares per day over the past 30 days. Caterpillar has a market cap of $55.7 billion and is part of the industrial industry. Shares are down 5.1% 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.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company has a P/E ratio of 10.03.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Caterpillar 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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