5 Stocks Going Ex-Dividend Tomorrow: OAK, WTR, SJM, WHR, UTX

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:

Oaktree Capital Group

At a price of $56.93 as of 9:36 a.m. ET, the dividend yield is 10%.

The average volume for Oaktree Capital Group has been 212,300 shares per day over the past 30 days. Oaktree Capital Group has a market cap of $1.7 billion and is part of the financial services industry. Shares are up 25.6% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 11.57.

You can view the full Oaktree Capital Group Ratings Report now.

Aqua America

Owners of Aqua America (NYSE: WTR) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $32.22 as of 9:36 a.m. ET, the dividend yield is 2.4%.

The average volume for Aqua America has been 701,400 shares per day over the past 30 days. Aqua America has a market cap of $4.5 billion and is part of the utilities industry. Shares are up 25.3% year to date as of the close of trading on Monday.

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Aqua America, Inc., through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. The company has a P/E ratio of 22.43.

TheStreet Ratings rates Aqua America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. 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 Aqua America Ratings Report now.

J.M. Smucker

Owners of J.M. Smucker (NYSE: SJM) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $104.39 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for J.M. Smucker has been 594,300 shares per day over the past 30 days. J.M. Smucker has a market cap of $11.1 billion and is part of the food & beverage industry. Shares are up 20.7% 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 J. M. Smucker Company engages in manufacturing and marketing branded food products primarily in the United States, Canada, and internationally. The company has a P/E ratio of 21.96.

TheStreet Ratings rates J.M. Smucker as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full J.M. Smucker Ratings Report now.

Whirlpool Corporation

Owners of Whirlpool Corporation (NYSE: WHR) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $128.46 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Whirlpool Corporation has been 1.2 million shares per day over the past 30 days. Whirlpool Corporation has a market cap of $10.1 billion and is part of the consumer durables industry. Shares are up 25.7% 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.

Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other portable household appliances. The company has a P/E ratio of 18.25.

TheStreet Ratings rates Whirlpool Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share 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 shows low profit margins. You can view the full Whirlpool Corporation Ratings Report now.

United Technologies

Owners of United Technologies (NYSE: UTX) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $95.02 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for United Technologies has been 3.3 million shares per day over the past 30 days. United Technologies has a market cap of $87.6 billion and is part of the industrial industry. Shares are up 15.8% 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.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 17.54.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth 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 United Technologies 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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