4 Stocks Going Ex-Dividend Tomorrow: TNK, WWD, ATO, TSCO

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:

Teekay Tankers

Owners of Teekay Tankers (NYSE: TNK) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $2.63 as of 9:34 a.m. ET, the dividend yield is 7.4%.

The average volume for Teekay Tankers has been 512,600 shares per day over the past 30 days. Teekay Tankers has a market cap of $182.0 million and is part of the transportation industry. Shares are down 8.6% year to date as of the close of trading on Tuesday.

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Teekay Tankers Ltd., together with its subsidiaries, engages in the ownership and operation of oil tankers. As of Aril 16, 2012, it owned a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers, as well as chartered in an additional two Aframax tankers.

TheStreet Ratings rates Teekay Tankers as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself. You can view the full Teekay Tankers Ratings Report now.

Woodward

Owners of Woodward (NASDAQ: WWD) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $36.53 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Woodward has been 329,100 shares per day over the past 30 days. Woodward has a market cap of $2.5 billion and is part of the industrial industry. Shares are down 5.1% 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.

Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace and energy markets worldwide. The company has a P/E ratio of 17.56.

TheStreet Ratings rates Woodward as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Woodward Ratings Report now.

Atmos Energy

Owners of Atmos Energy (NYSE: ATO) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $44.29 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for Atmos Energy has been 499,900 shares per day over the past 30 days. Atmos Energy has a market cap of $4.0 billion and is part of the utilities industry. Shares are up 26.5% 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.

Atmos Energy Corporation, together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Natural Gas Distribution, Regulated Transmission and Storage, and Non Regulated. The company has a P/E ratio of 18.58.

TheStreet Ratings rates Atmos Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Atmos Energy Ratings Report now.

Tractor Supply

Owners of Tractor Supply (NASDAQ: TSCO) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $114.47 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Tractor Supply has been 670,200 shares per day over the past 30 days. Tractor Supply has a market cap of $8.0 billion and is part of the specialty retail industry. Shares are up 29% 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.

Tractor Supply Company operates retail farm and ranch stores in the United States. The company has a P/E ratio of 29.46.

TheStreet Ratings rates Tractor Supply as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Tractor Supply 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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