4 Stocks Going Ex-Dividend Monday: JE, TCB, IACI, KR

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:

Just Energy Group

Owners of Just Energy Group (NYSE: JE) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $6.45 as of 9:36 a.m. ET, the dividend yield is 12.9%.

The average volume for Just Energy Group has been 786,600 shares per day over the past 30 days. Just Energy Group has a market cap of $920.4 million and is part of the utilities industry. Shares are down 32.1% year to date as of the close of trading on Thursday.

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The company has a P/E ratio of 3.45.

You can view the full Just Energy Group Ratings Report now.

TCF Financial Corporation

Owners of TCF Financial Corporation (NYSE: TCB) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $14.77 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for TCF Financial Corporation has been 1.3 million shares per day over the past 30 days. TCF Financial Corporation has a market cap of $2.5 billion and is part of the banking industry. Shares are up 23.3% year to date as of the close of trading on Thursday.

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TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and wholesale banking products and services. The company has a P/E ratio of 26.35.

TheStreet Ratings rates TCF Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full TCF Financial Corporation Ratings Report now.

IAC/InterActiveCorp

Owners of IAC/InterActiveCorp (NASDAQ: IACI) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $48.83 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for IAC/InterActiveCorp has been 1.2 million shares per day over the past 30 days. IAC/InterActiveCorp has a market cap of $4.1 billion and is part of the internet industry. Shares are up 4.1% year to date as of the close of trading on Thursday.

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IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. The company has a P/E ratio of 23.88.

TheStreet Ratings rates IAC/InterActiveCorp as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full IAC/InterActiveCorp Ratings Report now.

Kroger

Owners of Kroger (NYSE: KR) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $34.48 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Kroger has been 4.3 million shares per day over the past 30 days. Kroger has a market cap of $18.1 billion and is part of the retail industry. Shares are up 33.5% year to date as of the close of trading on Thursday.

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The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. The company has a P/E ratio of 12.54.

TheStreet Ratings rates Kroger as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and compelling growth in net income. 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 Kroger 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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