5 Stocks Going Ex-Dividend Tomorrow: NRT, SON, GPN, PCAR, EMR

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:

North European Oil Royalty

Owners of North European Oil Royalty (NYSE: NRT) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $26.20 as of 9:32 a.m. ET, the dividend yield is 10.1%.

The average volume for North European Oil Royalty has been 14,200 shares per day over the past 30 days. North European Oil Royalty has a market cap of $233.0 million and is part of the financial services industry. Shares are up 12.9% year to date as of the close of trading on Monday.

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North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds these rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. The company has a P/E ratio of 10.56.

TheStreet Ratings rates North European Oil Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. You can view the full North European Oil Royalty Ratings Report now.

Sonoco Products Company

Owners of Sonoco Products Company (NYSE: SON) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $35.53 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Sonoco Products Company has been 430,100 shares per day over the past 30 days. Sonoco Products Company has a market cap of $3.6 billion and is part of the consumer non-durables industry. Shares are up 19.3% year to date as of the close of trading on Monday.

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Sonoco Products Company engages in the manufacture and sale of industrial and consumer packaging products in the United States, Europe, Canada, and other regions. The company has a P/E ratio of 18.10.

TheStreet Ratings rates Sonoco Products Company as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, increase in stock price during the past year, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sonoco Products Company Ratings Report now.

Global Payments

Owners of Global Payments (NYSE: GPN) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $46.60 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Global Payments has been 822,400 shares per day over the past 30 days. Global Payments has a market cap of $3.6 billion and is part of the diversified services industry. Shares are up 3.3% year to date as of the close of trading on Monday.

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Global Payments Inc. The company has a P/E ratio of 20.34.

TheStreet Ratings rates Global Payments as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in net income, 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 shows weak operating cash flow. You can view the full Global Payments Ratings Report now.

PACCAR

Owners of PACCAR (NASDAQ: PCAR) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $52.60 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for PACCAR has been 2.0 million shares per day over the past 30 days. PACCAR has a market cap of $18.6 billion and is part of the automotive industry. Shares are up 16.4% year to date as of the close of trading on Monday.

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PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. The company has a P/E ratio of 18.27.

TheStreet Ratings rates PACCAR as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, reasonable 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 PACCAR Ratings Report now.

Emerson Electric

Owners of Emerson Electric (NYSE: EMR) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $58.01 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for Emerson Electric has been 3.7 million shares per day over the past 30 days. Emerson Electric has a market cap of $41.7 billion and is part of the electronics 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.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. The company has a P/E ratio of 20.55.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, increase in stock price during the past year, 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 Emerson Electric 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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