5 Stocks Going Ex-Dividend Tomorrow: JNY, WAB, MUR, DUK, CVX

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:

Jones Group

Owners of Jones Group (NYSE: JNY) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $14.38 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Jones Group has been 930,600 shares per day over the past 30 days. Jones Group has a market cap of $1.1 billion and is part of the retail industry. Shares are up 28.9% year to date as of the close of trading on Monday.

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The Jones Group Inc. engages in the design, marketing, and wholesale of apparel, footwear, jeanswear, jewelry, and handbags.

TheStreet Ratings rates Jones Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Jones Group Ratings Report now.

Westinghouse Air Brake Technologies

Owners of Westinghouse Air Brake Technologies (NYSE: WAB) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $106.49 as of 9:36 a.m. ET, the dividend yield is 0.2%.

The average volume for Westinghouse Air Brake Technologies has been 283,800 shares per day over the past 30 days. Westinghouse Air Brake Technologies has a market cap of $5.1 billion and is part of the transportation industry. Shares are up 21% year to date as of the close of trading on Monday.

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Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. The company has a P/E ratio of 19.65.

TheStreet Ratings rates Westinghouse Air Brake Technologies 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, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westinghouse Air Brake Technologies Ratings Report now.

Murphy Oil Corporation

Owners of Murphy Oil Corporation (NYSE: MUR) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $63.47 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Murphy Oil Corporation has been 1.5 million shares per day over the past 30 days. Murphy Oil Corporation has a market cap of $12.0 billion and is part of the energy industry. Shares are up 5.4% 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.

Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It is also involved in oil and gas refining and marketing activities. The company explores for and produces crude oil, natural gas, and natural gas liquids. The company has a P/E ratio of 13.67.

TheStreet Ratings rates Murphy Oil Corporation 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, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Murphy Oil Corporation Ratings Report now.

Duke Energy Corporation

Owners of Duke Energy Corporation (NYSE: DUK) shares as of market close today will be eligible for a dividend of 77 cents per share. At a price of $71.93 as of 9:36 a.m. ET, the dividend yield is 4.2%.

The average volume for Duke Energy Corporation has been 2.8 million shares per day over the past 30 days. Duke Energy Corporation has a market cap of $50.9 billion and is part of the utilities industry. Shares are up 13.1% 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.

Duke Energy Corporation operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. The company has a P/E ratio of 21.81.

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

Chevron

At a price of $123.11 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for Chevron has been 5.7 million shares per day over the past 30 days. Chevron has a market cap of $238.9 billion and is part of the energy industry. Shares are up 13.6% 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.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.31.

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