5 Stocks Going Ex-Dividend Tomorrow: PVD, ITT, CVC, MAR, COP

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:

Administradora de Fondos de Pensiones-Provi

At a price of $103.15 as of 9:31 a.m. ET, the dividend yield is 7.7%.

The average volume for Administradora de Fondos de Pensiones-Provi has been 8,700 shares per day over the past 30 days. Administradora de Fondos de Pensiones-Provi has a market cap of $2.3 billion and is part of the financial services industry. Shares are down 1% year to date as of the close of trading on Monday.

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Administradora de Fondos de Pensiones Provida S.A. offers private pension fund administration and related services in the Republic of Chile. The company has a P/E ratio of 15.27.

TheStreet Ratings rates Administradora de Fondos de Pensiones-Provi as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Administradora de Fondos de Pensiones-Provi Ratings Report now.

ITT

Owners of ITT (NYSE: ITT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $30.77 as of 9:36 a.m. ET, the dividend yield is 1.3%.

The average volume for ITT has been 706,800 shares per day over the past 30 days. ITT has a market cap of $2.8 billion and is part of the industrial industry. Shares are up 30.7% 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.

ITT Corporation designs and manufactures engineered critical components and customized technology solutions for the energy, transportation, and industrial markets. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies. The company has a P/E ratio of 24.60.

TheStreet Ratings rates ITT as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full ITT Ratings Report now.

Cablevision Systems

Owners of Cablevision Systems (NYSE: CVC) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $15.37 as of 9:36 a.m. ET, the dividend yield is 3.9%.

The average volume for Cablevision Systems has been 3.5 million shares per day over the past 30 days. Cablevision Systems has a market cap of $3.3 billion and is part of the media industry. Shares are up 3.3% 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.

Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other.

TheStreet Ratings rates Cablevision Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and deteriorating net income. You can view the full Cablevision Systems Ratings Report now.

Marriott International

Owners of Marriott International (NYSE: MAR) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $43.49 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Marriott International has been 2.3 million shares per day over the past 30 days. Marriott International has a market cap of $13.4 billion and is part of the leisure industry. Shares are up 16.3% 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.

Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. The company has a P/E ratio of 23.64.

TheStreet Ratings rates Marriott International 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 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 Marriott International Ratings Report now.

ConocoPhillips

Owners of ConocoPhillips (NYSE: COP) shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $64.13 as of 9:36 a.m. ET, the dividend yield is 4.2%.

The average volume for ConocoPhillips has been 6.6 million shares per day over the past 30 days. ConocoPhillips has a market cap of $77.4 billion and is part of the energy industry. Shares are up 10.4% 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.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. The company has a P/E ratio of 10.79.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations, notable return on equity 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 ConocoPhillips 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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