5 Stocks Going Ex-Dividend Monday: HE, XYL, ALV, TS, VLO

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.

Monday, May 20, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Hawaiian Electric Industries

Owners of Hawaiian Electric Industries (NYSE: HE) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $28.02 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for Hawaiian Electric Industries has been 471,400 shares per day over the past 30 days. Hawaiian Electric Industries has a market cap of $2.8 billion and is part of the utilities industry. Shares are up 11.2% year to date as of the close of trading on Thursday.

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.

Hawaiian Electric Industries, Inc., through its subsidiaries, primarily engages in electric utility and banking businesses primarily in Hawaii. It operates in two segments, Electric Utility and Bank. The company has a P/E ratio of 20.62.

TheStreet Ratings rates Hawaiian Electric Industries as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hawaiian Electric Industries Ratings Report now.

Xylem

Owners of Xylem (NYSE: XYL) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $28.91 as of 9:36 a.m. ET, the dividend yield is 1.6%.

The average volume for Xylem has been 1.1 million shares per day over the past 30 days. Xylem has a market cap of $5.3 billion and is part of the industrial industry. Shares are up 5.7% year to date as of the close of trading on Thursday.

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.

Xylem Inc. engages in the design, manufacture, and application of engineered technologies for water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water. The company has a P/E ratio of 19.32.

TheStreet Ratings rates Xylem as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and unimpressive growth in net income. You can view the full Xylem Ratings Report now.

Autoliv

Owners of Autoliv (NYSE: ALV) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $79.05 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for Autoliv has been 586,500 shares per day over the past 30 days. Autoliv has a market cap of $7.5 billion and is part of the automotive industry. Shares are up 16% year to date as of the close of trading on Thursday.

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.

Autoliv, Inc., through its subsidiaries, engages in the development, manufacture, and supply of automotive safety systems to the automotive industry. The company has a P/E ratio of 14.88.

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

Tenaris

Owners of Tenaris (NYSE: TS) shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $43.15 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Tenaris has been 1.4 million shares per day over the past 30 days. Tenaris has a market cap of $25.7 billion and is part of the metals & mining industry. Shares are up 3.2% year to date as of the close of trading on Thursday.

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.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. The company has a P/E ratio of 15.09.

TheStreet Ratings rates Tenaris 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, notable return on equity, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tenaris Ratings Report now.

Valero Energy Corporation

Owners of Valero Energy Corporation (NYSE: VLO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $40.07 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Valero Energy Corporation has been 11.4 million shares per day over the past 30 days. Valero Energy Corporation has a market cap of $21.7 billion and is part of the energy industry. Shares are up 16.1% year to date as of the close of trading on Thursday.

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.

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. The company has a P/E ratio of 6.97.

TheStreet Ratings rates Valero Energy 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, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Valero Energy Corporation 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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