5 Stocks Going Ex-Dividend Monday: JLS, VVC, OMX, ED, DD

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:

Nuveen Mortgage Opportunity Term

Owners of Nuveen Mortgage Opportunity Term (NYSE: JLS) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $29.56 as of 9:33 a.m. ET, the dividend yield is 6.9%.

The average volume for Nuveen Mortgage Opportunity Term has been 44,100 shares per day over the past 30 days. Nuveen Mortgage Opportunity Term has a market cap of $473.6 million and is part of the financial services industry. Shares are up 9.2% 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.

You can view the full Nuveen Mortgage Opportunity Term Ratings Report now.

Vectren

Owners of Vectren (NYSE: VVC) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $36.15 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Vectren has been 369,000 shares per day over the past 30 days. Vectren has a market cap of $3.0 billion and is part of the utilities industry. Shares are up 23% 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.

Vectren Corporation, through its subsidiaries, provides energy delivery services to residential, commercial, and industrial and other contract customers in Indiana and west central Ohio. The company has a P/E ratio of 19.05.

TheStreet Ratings rates Vectren as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, 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 Vectren Ratings Report now.

OfficeMax

Owners of OfficeMax (NYSE: OMX) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $11.42 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for OfficeMax has been 2.8 million shares per day over the past 30 days. OfficeMax has a market cap of $992.0 million and is part of the specialty retail industry. Shares are up 16.6% 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.

OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The company has a P/E ratio of 2.14.

TheStreet Ratings rates OfficeMax as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full OfficeMax Ratings Report now.

Consolidated Edison

Owners of Consolidated Edison (NYSE: ED) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $61.42 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Consolidated Edison has been 1.4 million shares per day over the past 30 days. Consolidated Edison has a market cap of $18.2 billion and is part of the utilities industry. Shares are up 10.6% 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.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses. The company has a P/E ratio of 17.45.

TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year 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 Consolidated Edison Ratings Report now.

E.I. du Pont de Nemours & Company

Owners of E.I. du Pont de Nemours & Company (NYSE: DD) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $55.15 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for E.I. du Pont de Nemours & Company has been 6.4 million shares per day over the past 30 days. E.I. du Pont de Nemours & Company has a market cap of $50.3 billion and is part of the chemicals industry. Shares are up 23.1% 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.

E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. The company has a P/E ratio of 21.04.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full E.I. du Pont de Nemours & Company 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.
null