5 Stocks Going Ex-Dividend Monday: VLCCF, E, HIW, ATI, MXIM

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:

Knightsbridge Tankers

Owners of Knightsbridge Tankers (NASDAQ: VLCCF) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $8.12 as of 9:35 a.m. ET, the dividend yield is 9.2%.

The average volume for Knightsbridge Tankers has been 239,300 shares per day over the past 30 days. Knightsbridge Tankers has a market cap of $185.3 million and is part of the transportation industry. Shares are up 52.6% year to date as of the close of trading on Thursday.

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Knightsbridge Tankers Limited, through its subsidiaries, engages in the seaborne transportation of crude oil and dry bulk cargoes worldwide. The company's customers include oil companies, tanker companies, dry bulk companies, petroleum products traders, government agencies, and other entities.

TheStreet Ratings rates Knightsbridge Tankers as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Knightsbridge Tankers Ratings Report now.

Eni SpA

At a price of $48.72 as of 9:35 a.m. ET, the dividend yield is 4.6%.

The average volume for Eni SpA has been 414,300 shares per day over the past 30 days. Eni SpA has a market cap of $88.6 billion and is part of the energy industry. Shares are down 1.1% year to date as of the close of trading on Thursday.

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Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. The company has a P/E ratio of 4.98.

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

Highwoods Properties

Owners of Highwoods Properties (NYSE: HIW) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $39.99 as of 9:35 a.m. ET, the dividend yield is 4.3%.

The average volume for Highwoods Properties has been 909,000 shares per day over the past 30 days. Highwoods Properties has a market cap of $3.3 billion and is part of the real estate industry. Shares are up 18.5% year to date as of the close of trading on Thursday.

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Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The company has a P/E ratio of 66.57.

TheStreet Ratings rates Highwoods Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Highwoods Properties Ratings Report now.

Allegheny Technologies

Owners of Allegheny Technologies (NYSE: ATI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $29.06 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Allegheny Technologies has been 1.7 million shares per day over the past 30 days. Allegheny Technologies has a market cap of $3.1 billion and is part of the industrial industry. Shares are down 5.9% year to date as of the close of trading on Thursday.

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Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The company has a P/E ratio of 28.44.

TheStreet Ratings rates Allegheny Technologies as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Allegheny Technologies Ratings Report now.

Maxim Integrated Products

Owners of Maxim Integrated Products (NASDAQ: MXIM) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.48 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Maxim Integrated Products has been 2.5 million shares per day over the past 30 days. Maxim Integrated Products has a market cap of $9.2 billion and is part of the electronics industry. Shares are up 7.3% 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.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. The company has a P/E ratio of 21.31.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, notable return on equity, expanding profit margins and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Maxim Integrated Products 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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