5 Stocks Going Ex-Dividend Monday: SBR, PER, EGN, XEC, TGT

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:

Sabine Royalty

Owners of Sabine Royalty (NYSE: SBR) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $51.56 as of 9:30 a.m. ET, the dividend yield is 8.2%.

The average volume for Sabine Royalty has been 17,600 shares per day over the past 30 days. Sabine Royalty has a market cap of $747.0 million and is part of the financial services industry. Shares are up 29.2% 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.

Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. The company has a P/E ratio of 14.15.

TheStreet Ratings rates Sabine Royalty as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Sabine Royalty Ratings Report now.

SandRidge Permian

Owners of SandRidge Permian (NYSE: PER) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $14.67 as of 9:35 a.m. ET, the dividend yield is 13.9%.

The average volume for SandRidge Permian has been 447,600 shares per day over the past 30 days. SandRidge Permian has a market cap of $580.8 million and is part of the energy industry. Shares are down 13.7% 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 19.93.

You can view the full SandRidge Permian Ratings Report now.

Energen

Owners of Energen (NYSE: EGN) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $50.14 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Energen has been 559,100 shares per day over the past 30 days. Energen has a market cap of $3.6 billion and is part of the energy industry. Shares are up 11.3% 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.

Energen Corporation, an energy holding company, engages in the development, acquisition, exploration, and production of oil, natural gas, and natural gas liquids in the continental United States. The company has a P/E ratio of 14.13.

TheStreet Ratings rates Energen as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Energen Ratings Report now.

Cimarex Energy Company

Owners of Cimarex Energy Company (NYSE: XEC) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $71.11 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Cimarex Energy Company has been 949,600 shares per day over the past 30 days. Cimarex Energy Company has a market cap of $6.3 billion and is part of the energy industry. Shares are up 24.3% 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.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, New Mexico, and Kansas. As of December 31, 2012, the company owned an interest in 4,953 net productive oil and gas wells. The company has a P/E ratio of 17.83.

TheStreet Ratings rates Cimarex Energy Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cimarex Energy Company Ratings Report now.

Target

Owners of Target (NYSE: TGT) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $69.07 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Target has been 4.9 million shares per day over the past 30 days. Target has a market cap of $44.8 billion and is part of the retail industry. Shares are up 17.4% 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.

Target Corporation operates general merchandise stores in the United States. The company has a P/E ratio of 15.44.

TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Target 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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