5 Stocks Going Ex-Dividend Tomorrow: CHKR, BMS, ENR, MCHP, WAG

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 17, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 16.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Chesapeake Granite Wash

Owners of Chesapeake Granite Wash (NYSE: CHKR) shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $16.83 as of 9:35 a.m. ET, the dividend yield is 16.1%.

The average volume for Chesapeake Granite Wash has been 282,900 shares per day over the past 30 days. Chesapeake Granite Wash has a market cap of $602.0 million and is part of the energy industry. Shares are up 3.8% year to date as of the close of trading on Wednesday.

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 company has a P/E ratio of 6.68.

You can view the full Chesapeake Granite Wash Ratings Report now.

Bemis

Owners of Bemis (NYSE: BMS) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $40.52 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Bemis has been 840,600 shares per day over the past 30 days. Bemis has a market cap of $4.2 billion and is part of the consumer non-durables industry. Shares are up 20.7% year to date as of the close of trading on Wednesday.

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.

Bemis Company, Inc. manufactures and sells flexible packaging products and pressure sensitive materials in North America, Latin America, Europe, and the Asia Pacific. The company operates in three segments: U.S. Packaging, Global Packaging, and Pressure Sensitive Materials. The company has a P/E ratio of 23.61.

TheStreet Ratings rates Bemis as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Bemis Ratings Report now.

Energizer Holdings

Owners of Energizer Holdings (NYSE: ENR) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $102.08 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Energizer Holdings has been 447,800 shares per day over the past 30 days. Energizer Holdings has a market cap of $6.3 billion and is part of the consumer non-durables industry. Shares are up 28.1% year to date as of the close of trading on Wednesday.

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.

Energizer Holdings, Inc. engages in the manufacture and sale of primary batteries, portable lighting, and personal care products worldwide. It offers household and specialty batteries, including carbon zinc, alkaline, rechargeable, and lithium batteries. The company has a P/E ratio of 16.09.

TheStreet Ratings rates Energizer Holdings 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Energizer Holdings Ratings Report now.

Microchip Technology

Owners of Microchip Technology (NASDAQ: MCHP) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $37.80 as of 9:36 a.m. ET, the dividend yield is 3.8%.

The average volume for Microchip Technology has been 2.0 million shares per day over the past 30 days. Microchip Technology has a market cap of $7.3 billion and is part of the electronics industry. Shares are up 14.8% year to date as of the close of trading on Wednesday.

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.

Microchip Technology Incorporated engages in the development, manufacture, and sale of semiconductor products for embedded control applications. The company has a P/E ratio of 19.79.

TheStreet Ratings rates Microchip Technology 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Microchip Technology Ratings Report now.

Walgreen Company

Owners of Walgreen Company (NYSE: WAG) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $49.79 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Walgreen Company has been 6.2 million shares per day over the past 30 days. Walgreen Company has a market cap of $47.0 billion and is part of the retail industry. Shares are up 35.2% year to date as of the close of trading on Wednesday.

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.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company has a P/E ratio of 22.14.

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