4 Stocks Going Ex-Dividend Tomorrow: HPY, RHI, HSY, MMM

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 22, 2013, 21 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 9.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Heartland Payment Systems

Owners of Heartland Payment Systems (NYSE: HPY) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $32.00 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Heartland Payment Systems has been 628,200 shares per day over the past 30 days. Heartland Payment Systems has a market cap of $1.2 billion and is part of the diversified services industry. Shares are up 8.8% year to date as of the close of trading on Monday.

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Heartland Payment Systems, Inc. provides bankcard payment processing services in the United States and Canada. The company has a P/E ratio of 19.11.

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

Robert Half International

Owners of Robert Half International (NYSE: RHI) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $35.67 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Robert Half International has been 1.3 million shares per day over the past 30 days. Robert Half International has a market cap of $5.0 billion and is part of the diversified services industry. Shares are up 11.8% year to date as of the close of trading on Monday.

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.

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company has a P/E ratio of 23.14.

TheStreet Ratings rates Robert Half International as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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 Robert Half International Ratings Report now.

Hershey Company

Owners of Hershey Company (NYSE: HSY) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $88.88 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Hershey Company has been 1.1 million shares per day over the past 30 days. Hershey Company has a market cap of $14.7 billion and is part of the food & beverage industry. Shares are up 24.8% year to date as of the close of trading on Monday.

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 Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. The company has a P/E ratio of 29.25.

TheStreet Ratings rates Hershey Company as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Hershey Company Ratings Report now.

3M

Owners of 3M (NYSE: MMM) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $112.14 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for 3M has been 2.8 million shares per day over the past 30 days. 3M has a market cap of $76.9 billion and is part of the conglomerates industry. Shares are up 20.3% year to date as of the close of trading on Monday.

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.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 17.57.

TheStreet Ratings rates 3M 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, solid stock price performance, expanding profit margins 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 3M 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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