4 Stocks Going Ex-Dividend Tomorrow: NDSN, VMC, WYN, RDN

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:

Nordson Corporation

Owners of Nordson Corporation (NASDAQ: NDSN) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $75.10 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Nordson Corporation has been 296,000 shares per day over the past 30 days. Nordson Corporation has a market cap of $4.8 billion and is part of the industrial industry. Shares are up 18.8% year to date as of the close of trading on Tuesday.

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Nordson Corporation engineers, manufactures, and markets products and systems for precision dispensing and processing, fluid management, testing and inspection, surface treatment, and curing. The company has a P/E ratio of 21.37.

TheStreet Ratings rates Nordson Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Nordson Corporation Ratings Report now.

Vulcan Materials Company

Owners of Vulcan Materials Company (NYSE: VMC) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $55.04 as of 9:35 a.m. ET, the dividend yield is 0.1%.

The average volume for Vulcan Materials Company has been 653,700 shares per day over the past 30 days. Vulcan Materials Company has a market cap of $7.2 billion and is part of the materials & construction industry. Shares are up 5.6% year to date as of the close of trading on Tuesday.

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Vulcan Materials Company engages in the production and sale of construction aggregates, as well as asphalt mix, ready-mixed concrete, and cement primarily in the United States. The company operates in four segments: Aggregates, Concrete, Asphalt Mix, and Cement.

TheStreet Ratings rates Vulcan Materials Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Vulcan Materials Company Ratings Report now.

Wyndham Worldwide Corporation

Owners of Wyndham Worldwide Corporation (NYSE: WYN) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $61.49 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Wyndham Worldwide Corporation has been 1.4 million shares per day over the past 30 days. Wyndham Worldwide Corporation has a market cap of $8.3 billion and is part of the leisure industry. Shares are up 15.2% year to date as of the close of trading on Tuesday.

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Wyndham Worldwide Corporation, together with its subsidiaries, provides various hospitality services and products to individual consumers and business customers in the United States and internationally. The company has a P/E ratio of 22.35.

TheStreet Ratings rates Wyndham Worldwide Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, 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 Wyndham Worldwide Corporation Ratings Report now.

Radian Group

Owners of Radian Group (NYSE: RDN) shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $13.83 as of 9:36 a.m. ET, the dividend yield is 0.1%.

The average volume for Radian Group has been 12.0 million shares per day over the past 30 days. Radian Group has a market cap of $2.4 billion and is part of the insurance industry. Shares are up 124.5% year to date as of the close of trading on Tuesday.

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Radian Group Inc., through its subsidiaries, operates as a credit enhancement company in the United States. The company operates in two segments, Mortgage Insurance and Financial Guaranty.

TheStreet Ratings rates Radian Group as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Radian Group 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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