4 Stocks Going Ex-Dividend Tomorrow: HL, DK, DNKN, NOC

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 23, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 3.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Hecla Mining Company

Owners of Hecla Mining Company (NYSE: HL) shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $3.44 as of 9:35 a.m. ET, the dividend yield is 0.3%.

The average volume for Hecla Mining Company has been 6.5 million shares per day over the past 30 days. Hecla Mining Company has a market cap of $963.9 million and is part of the metals & mining industry. Shares are down 42.2% year to date as of the close of trading on Tuesday.

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Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metals worldwide. It offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters. The company has a P/E ratio of 67.60.

TheStreet Ratings rates Hecla Mining Company as a hold. The company's strengths can be seen in multiple areas, such as its 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 a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Hecla Mining Company Ratings Report now.

Delek US Holdings

Owners of Delek US Holdings (NYSE: DK) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $36.30 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Delek US Holdings has been 936,600 shares per day over the past 30 days. Delek US Holdings has a market cap of $2.3 billion and is part of the energy industry. Shares are up 43.8% year to date as of the close of trading on Tuesday.

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Delek US Holdings, Inc. operates as an integrated downstream energy company that operates in petroleum refining, logistics, and convenience store retailing businesses. The company operates in three segments: Refining, Logistics, and Retail. The company has a P/E ratio of 7.54.

TheStreet Ratings rates Delek US Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Delek US Holdings Ratings Report now.

Dunkin Brands Group

Owners of Dunkin Brands Group (NASDAQ: DNKN) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $41.37 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Dunkin Brands Group has been 996,500 shares per day over the past 30 days. Dunkin Brands Group has a market cap of $4.4 billion and is part of the leisure industry. Shares are up 25.3% year to date as of the close of trading on Tuesday.

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Dunkin' Brands Group, Inc., together with its subsidiaries, owns, operates, and franchises quick service restaurants under the Dunkin' Donuts and Baskin-Robbins brands worldwide. The company has a P/E ratio of 44.21.

TheStreet Ratings rates Dunkin Brands Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and premium valuation. You can view the full Dunkin Brands Group Ratings Report now.

Northrop Grumman

Owners of Northrop Grumman (NYSE: NOC) shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $81.54 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Northrop Grumman has been 1.8 million shares per day over the past 30 days. Northrop Grumman has a market cap of $19.2 billion and is part of the aerospace/defense industry. Shares are up 20.5% year to date as of the close of trading on Tuesday.

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.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company has a P/E ratio of 10.36.

TheStreet Ratings rates Northrop Grumman as a buy. 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, attractive valuation levels, good cash flow from operations 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 Northrop Grumman 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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