5 Stocks Going Ex-Dividend Tomorrow: HRZN, WHX, SEMG, PRE, HON

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 16, 2013, 31 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 25%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Horizon Technology Finance Corp BDC

Owners of Horizon Technology Finance Corp BDC (NASDAQ: HRZN) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.57 as of 9:36 a.m. ET, the dividend yield is 9.7%.

The average volume for Horizon Technology Finance Corp BDC has been 83,700 shares per day over the past 30 days. Horizon Technology Finance Corp BDC has a market cap of $137.0 million and is part of the financial services industry. Shares are down 4.1% year to date as of the close of trading on Tuesday.

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Horizon Technology Finance Corporation, a specialty finance company, lends to and invests in development-stage companies in the United States. The company has a P/E ratio of 10.29.

TheStreet Ratings rates Horizon Technology Finance Corp BDC as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Horizon Technology Finance Corp BDC Ratings Report now.

Whiting USA Trust I

Owners of Whiting USA Trust I (NYSE: WHX) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $7.23 as of 9:37 a.m. ET, the dividend yield is 25%.

The average volume for Whiting USA Trust I has been 483,700 shares per day over the past 30 days. Whiting USA Trust I has a market cap of $100.5 million and is part of the energy industry. Shares are up 55.8% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 2.90.

You can view the full Whiting USA Trust I Ratings Report now.

Semgroup

Owners of Semgroup (NYSE: SEMG) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $55.11 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Semgroup has been 369,800 shares per day over the past 30 days. Semgroup has a market cap of $2.3 billion and is part of the energy industry. Shares are up 41.2% year to date as of the close of trading on Tuesday.

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SemGroup Corporation, together with its subsidiaries, provides gathering, transportation, storage, distribution, marketing, and other midstream services. The company has a P/E ratio of 34.71.

TheStreet Ratings rates Semgroup as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Semgroup Ratings Report now.

PartnerRe

Owners of PartnerRe (NYSE: PRE) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $93.20 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for PartnerRe has been 584,300 shares per day over the past 30 days. PartnerRe has a market cap of $5.3 billion and is part of the insurance industry. Shares are up 15.5% year to date as of the close of trading on Tuesday.

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.

PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. The company has a P/E ratio of 6.08.

TheStreet Ratings rates PartnerRe as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, attractive valuation levels 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 PartnerRe Ratings Report now.

Honeywell International

Owners of Honeywell International (NYSE: HON) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $78.99 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Honeywell International has been 3.7 million shares per day over the past 30 days. Honeywell International has a market cap of $61.3 billion and is part of the industrial industry. Shares are up 24.7% year to date as of the close of trading on Tuesday.

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.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company has a P/E ratio of 20.17.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, solid stock price performance 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 Honeywell International 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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