4 Stocks Going Ex-Dividend Tomorrow: THI, ZION, SLW, AMAT

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:

Tim Hortons

Owners of Tim Hortons (NYSE: THI) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $56.25 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Tim Hortons has been 320,800 shares per day over the past 30 days. Tim Hortons has a market cap of $8.6 billion and is part of the leisure industry. Shares are up 14.4% year to date as of the close of trading on Friday.

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Tim Hortons Inc. engages in the development and franchising of quick service restaurants primarily in Canada and the United States. The company has a P/E ratio of 22.04.

TheStreet Ratings rates Tim Hortons 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 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 Tim Hortons Ratings Report now.

Zions

Owners of Zions (NASDAQ: ZION) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $27.37 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Zions has been 1.9 million shares per day over the past 30 days. Zions has a market cap of $4.9 billion and is part of the banking industry. Shares are up 25.5% year to date as of the close of trading on Friday.

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Zions Bancorporation, a financial holding company, provides banking and related services in the United States. The company has a P/E ratio of 20.50.

TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Zions Ratings Report now.

Silver Wheaton Corporation

Owners of Silver Wheaton Corporation (NYSE: SLW) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.76 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for Silver Wheaton Corporation has been 5.5 million shares per day over the past 30 days. Silver Wheaton Corporation has a market cap of $8.0 billion and is part of the metals & mining industry. Shares are down 39.7% year to date as of the close of trading on Friday.

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Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. The company has a P/E ratio of 14.02.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Silver Wheaton Corporation Ratings Report now.

Applied Materials

Owners of Applied Materials (NASDAQ: AMAT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.90 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Applied Materials has been 12.6 million shares per day over the past 30 days. Applied Materials has a market cap of $17.6 billion and is part of the electronics industry. Shares are up 28.1% 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.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Applied Materials 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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