4 Stocks Going Ex-Dividend Tomorrow: GIL, ACC, ADM, LLY

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.

Tomorrow, May 14, 2013, 19 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Gildan Activewear

Owners of Gildan Activewear (NYSE: GIL) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $42.26 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Gildan Activewear has been 512,300 shares per day over the past 30 days. Gildan Activewear has a market cap of $5.2 billion and is part of the consumer non-durables industry. Shares are up 16.7% year to date as of the close of trading on Friday.

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Gildan Activewear Inc. engages in the manufacture and sale of apparel products primarily in the United States, Canada, and Europe. It sells T-shirts, fleece, and sport shirts to wholesale distributors under the Gildan brand name. The company has a P/E ratio of 18.89.

TheStreet Ratings rates Gildan Activewear 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, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Gildan Activewear Ratings Report now.

American Campus Communities

Owners of American Campus Communities (NYSE: ACC) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $45.01 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for American Campus Communities has been 823,000 shares per day over the past 30 days. American Campus Communities has a market cap of $4.7 billion and is part of the real estate industry. Shares are down 3.7% year to date as of the close of trading on Friday.

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American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The company has a P/E ratio of 77.93.

TheStreet Ratings rates American Campus Communities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full American Campus Communities Ratings Report now.

Archer-Daniels Midland Company

Owners of Archer-Daniels Midland Company (NYSE: ADM) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $33.92 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Archer-Daniels Midland Company has been 4.7 million shares per day over the past 30 days. Archer-Daniels Midland Company has a market cap of $22.3 billion and is part of the food & beverage industry. Shares are up 23.8% year to date as of the close of trading on Friday.

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.

Archer-Daniels-Midland Company manufactures and sells protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients; and processes oilseeds, corn, wheat, cocoa, and other agricultural commodities. The company has a P/E ratio of 15.32.

TheStreet Ratings rates Archer-Daniels Midland Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Archer-Daniels Midland Company Ratings Report now.

Eli Lilly and Company

Owners of Eli Lilly and Company (NYSE: LLY) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $54.70 as of 9:36 a.m. ET, the dividend yield is 3.6%.

The average volume for Eli Lilly and Company has been 5.1 million shares per day over the past 30 days. Eli Lilly and Company has a market cap of $61.5 billion and is part of the drugs industry. Shares are up 10.6% year to date as of the close of trading on Friday.

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.

Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company has a P/E ratio of 13.08.

TheStreet Ratings rates Eli Lilly and Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Eli Lilly and 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.

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