5 Stocks Going Ex-Dividend Tomorrow: ECT, GAS, LLL, SHW, CLF

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 15, 2013, 39 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 14.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

ECA Marcellus Trust I

Owners of ECA Marcellus Trust I (NYSE: ECT) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $12.55 as of 9:36 a.m. ET, the dividend yield is 14.1%.

The average volume for ECA Marcellus Trust I has been 226,700 shares per day over the past 30 days. ECA Marcellus Trust I has a market cap of $221.5 million and is part of the energy industry. Shares are down 18.1% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 5.35.

You can view the full ECA Marcellus Trust I Ratings Report now.

AGL Resources

Owners of AGL Resources (NYSE: GAS) shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $43.19 as of 9:36 a.m. ET, the dividend yield is 4.3%.

The average volume for AGL Resources has been 507,500 shares per day over the past 30 days. AGL Resources has a market cap of $5.2 billion and is part of the utilities industry. Shares are up 9.1% year to date as of the close of trading on Monday.

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AGL Resources Inc., an energy services holding company, distributes natural gas to residential, commercial, industrial, and governmental customers in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company has a P/E ratio of 17.37.

TheStreet Ratings rates AGL Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. 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 AGL Resources Ratings Report now.

L-3 Communications Holdings

Owners of L-3 Communications Holdings (NYSE: LLL) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $83.87 as of 9:36 a.m. ET, the dividend yield is 2.6%.

The average volume for L-3 Communications Holdings has been 612,800 shares per day over the past 30 days. L-3 Communications Holdings has a market cap of $7.5 billion and is part of the aerospace/defense industry. Shares are up 9.4% year to date as of the close of trading on Monday.

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.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. The company has a P/E ratio of 10.14.

TheStreet Ratings rates L-3 Communications Holdings as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full L-3 Communications Holdings Ratings Report now.

Sherwin-Williams Company

Owners of Sherwin-Williams Company (NYSE: SHW) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $189.28 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for Sherwin-Williams Company has been 764,400 shares per day over the past 30 days. Sherwin-Williams Company has a market cap of $19.4 billion and is part of the chemicals industry. Shares are up 22% year to date as of the close of trading on Monday.

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 Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. The company has a P/E ratio of 30.42.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Sherwin-Williams Company Ratings Report now.

Cliffs Natural Resources

Owners of Cliffs Natural Resources (NYSE: CLF) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $22.70 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for Cliffs Natural Resources has been 13.4 million shares per day over the past 30 days. Cliffs Natural Resources has a market cap of $3.6 billion and is part of the metals & mining industry. Shares are down 39% year to date as of the close of trading on Monday.

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.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal.

TheStreet Ratings rates Cliffs Natural Resources as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Cliffs Natural Resources 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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