5 Stocks Going Ex-Dividend Monday: JMT, SDT, CNW, TLM, STX

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 Fund 2

Owners of Nuveen Mortgage Opportunity Term Fund 2 (NYSE: JMT) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $29.82 as of 9:30 a.m. ET, the dividend yield is 7%.

The average volume for Nuveen Mortgage Opportunity Term Fund 2 has been 14,700 shares per day over the past 30 days. Nuveen Mortgage Opportunity Term Fund 2 has a market cap of $144.2 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 Fund 2 Ratings Report now.

SandRidge Mississippian Trust I

Owners of SandRidge Mississippian Trust I (NYSE: SDT) shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $14.66 as of 9:35 a.m. ET, the dividend yield is 15.8%.

The average volume for SandRidge Mississippian Trust I has been 368,700 shares per day over the past 30 days. SandRidge Mississippian Trust I has a market cap of $313.1 million and is part of the energy industry. Shares are down 11% 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.

The company has a P/E ratio of 4.99.

You can view the full SandRidge Mississippian Trust I Ratings Report now.

Con-way

Owners of Con-way (NYSE: CNW) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $34.98 as of 9:36 a.m. ET, the dividend yield is 1.2%.

The average volume for Con-way has been 721,700 shares per day over the past 30 days. Con-way has a market cap of $1.9 billion and is part of the transportation industry. Shares are up 24.6% 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.

Con-way Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services to various manufacturing, industrial, and retail customers in North America and internationally. The company has a P/E ratio of 20.84.

TheStreet Ratings rates Con-way as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Con-way Ratings Report now.

Talisman Energy

Owners of Talisman Energy (NYSE: TLM) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.40 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Talisman Energy has been 5.4 million shares per day over the past 30 days. Talisman Energy has a market cap of $11.9 billion and is part of the energy industry. Shares are up 1.5% 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.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids.

TheStreet Ratings rates Talisman Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. You can view the full Talisman Energy Ratings Report now.

Seagate Technology

Owners of Seagate Technology (NASDAQ: STX) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $40.56 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Seagate Technology has been 5.3 million shares per day over the past 30 days. Seagate Technology has a market cap of $15.2 billion and is part of the computer hardware industry. Shares are up 39.1% 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.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 6.84.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Seagate Technology 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

More from Markets

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker