4 Stocks Going Ex-Dividend Monday: ABR, MMS, ENB, HP

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.

Monday, May 13, 2013, 36 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 17.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Arbor Realty

Owners of Arbor Realty (NYSE: ABR) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $7.54 as of 9:36 a.m. ET, the dividend yield is 6.4%.

The average volume for Arbor Realty has been 405,200 shares per day over the past 30 days. Arbor Realty has a market cap of $324.8 million and is part of the real estate industry. Shares are up 25.7% year to date as of the close of trading on Thursday.

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Arbor Realty Trust, Inc. operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 9.91.

TheStreet Ratings rates Arbor Realty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and reasonable valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Arbor Realty Ratings Report now.

Maximus

Owners of Maximus (NYSE: MMS) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $76.98 as of 9:36 a.m. ET, the dividend yield is 0.5%.

The average volume for Maximus has been 229,400 shares per day over the past 30 days. Maximus has a market cap of $2.7 billion and is part of the diversified services industry. Shares are up 22% 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.

MAXIMUS, Inc. provides business process services to government health and human services agencies in the United States, Australia, Canada, Saudi Arabia, and the United Kingdom. The company has a P/E ratio of 33.80.

TheStreet Ratings rates Maximus 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, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Maximus Ratings Report now.

Enbridge

Owners of Enbridge (NYSE: ENB) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $46.75 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Enbridge has been 786,400 shares per day over the past 30 days. Enbridge has a market cap of $38.3 billion and is part of the energy industry. Shares are up 9.6% year to date as of the close of trading on Thursday.

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Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company has a P/E ratio of 64.18.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. You can view the full Enbridge Ratings Report now.

Helmerich & Payne

Owners of Helmerich & Payne (NYSE: HP) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $62.34 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Helmerich & Payne has been 1.5 million shares per day over the past 30 days. Helmerich & Payne has a market cap of $6.7 billion and is part of the energy industry. Shares are up 12% 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.

Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. It provides drilling rigs, equipments, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. The company has a P/E ratio of 11.14.

TheStreet Ratings rates Helmerich & Payne 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, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Helmerich & Payne 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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