4 Stocks Going Ex-Dividend Tomorrow: LGP, TRI, CA, NVDA

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 21, 2013, 12 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 18.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Lehigh Gas Partners

Owners of Lehigh Gas Partners (NYSE: LGP) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $25.41 as of 9:33 a.m. ET, the dividend yield is 7.3%.

The average volume for Lehigh Gas Partners has been 48,400 shares per day over the past 30 days. Lehigh Gas Partners has a market cap of $187.4 million and is part of the energy industry. Shares are up 35.7% year to date as of the close of trading on Friday.

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You can view the full Lehigh Gas Partners Ratings Report now.

Thomson Reuters Corporation

Owners of Thomson Reuters Corporation (NYSE: TRI) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $34.53 as of 9:36 a.m. ET, the dividend yield is 3.8%.

The average volume for Thomson Reuters Corporation has been 1.1 million shares per day over the past 30 days. Thomson Reuters Corporation has a market cap of $28.5 billion and is part of the media industry. Shares are up 18.8% year to date as of the close of trading on Friday.

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Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. It sells electronic content and services to professionals, primarily on a subscription basis. The company has a P/E ratio of 13.75.

TheStreet Ratings rates Thomson Reuters Corporation as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Thomson Reuters Corporation Ratings Report now.

CA

Owners of CA (NASDAQ: CA) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $27.68 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for CA has been 3.2 million shares per day over the past 30 days. CA has a market cap of $12.4 billion and is part of the computer software & services industry. Shares are up 24.2% year to date as of the close of trading on Friday.

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.

CA Technologies, together with its subsidiaries, provides enterprise information technology (IT) management software and solutions in the United States and internationally. The company operates in three segments: Mainframe Solutions, Enterprise Solutions, and Services. The company has a P/E ratio of 13.19.

TheStreet Ratings rates CA 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, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CA Ratings Report now.

NVIDIA Corporation

Owners of NVIDIA Corporation (NASDAQ: NVDA) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $14.85 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for NVIDIA Corporation has been 10.1 million shares per day over the past 30 days. NVIDIA Corporation has a market cap of $9.0 billion and is part of the electronics industry. Shares are up 19.3% year to date as of the close of trading on Friday.

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.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. The company has a P/E ratio of 15.90.

TheStreet Ratings rates NVIDIA Corporation 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, increase in net income, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full NVIDIA 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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