4 Stocks Going Ex-Dividend Tomorrow: WHZ, DLX, GEO, ABC

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:

Whiting USA Trust II

Owners of Whiting USA Trust II (NYSE: WHZ) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $14.24 as of 9:36 a.m. ET, the dividend yield is 17.7%.

The average volume for Whiting USA Trust II has been 193,000 shares per day over the past 30 days. Whiting USA Trust II has a market cap of $263.5 million and is part of the energy industry. Shares are down 7.1% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 5.49.

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

Deluxe Corporation

Owners of Deluxe Corporation (NYSE: DLX) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $39.02 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Deluxe Corporation has been 429,100 shares per day over the past 30 days. Deluxe Corporation has a market cap of $2.0 billion and is part of the diversified services industry. Shares are up 21.1% year to date as of the close of trading on Tuesday.

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Deluxe Corporation, together with its subsidiaries, provides printed products, forms, and marketing solutions to small businesses and financial institutions primarily in the United States, Canada, Europe, and South America. The company has a P/E ratio of 11.64.

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

Geo Group

Owners of Geo Group (NYSE: GEO) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $38.72 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for Geo Group has been 945,900 shares per day over the past 30 days. Geo Group has a market cap of $2.7 billion and is part of the diversified services industry. Shares are up 37.3% year to date as of the close of trading on Tuesday.

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The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and re-entry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. The company has a P/E ratio of 15.55.

TheStreet Ratings rates Geo Group 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, revenue growth, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Geo Group Ratings Report now.

AmerisourceBergen

Owners of AmerisourceBergen (NYSE: ABC) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $54.76 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for AmerisourceBergen has been 2.6 million shares per day over the past 30 days. AmerisourceBergen has a market cap of $12.6 billion and is part of the wholesale industry. Shares are up 27.3% year to date as of the close of trading on Tuesday.

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AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada. The company has a P/E ratio of 18.66.

TheStreet Ratings rates AmerisourceBergen as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full AmerisourceBergen 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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