5 Stocks Going Ex-Dividend Tomorrow: SLF, DST, DB, MHP, PRU

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 24, 2013, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.6% to 7.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Sun Life Financial

Owners of Sun Life Financial (NYSE: SLF) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $29.48 as of 9:35 a.m. ET, the dividend yield is 4.9%.

The average volume for Sun Life Financial has been 408,100 shares per day over the past 30 days. Sun Life Financial has a market cap of $17.8 billion and is part of the insurance industry. Shares are up 11.5% year to date as of the close of trading on Wednesday.

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Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. The company has a P/E ratio of 13.11.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sun Life Financial Ratings Report now.

DST Systems

Owners of DST Systems (NYSE: DST) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $68.50 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for DST Systems has been 327,900 shares per day over the past 30 days. DST Systems has a market cap of $3.1 billion and is part of the computer software & services industry. Shares are up 16.9% year to date as of the close of trading on Wednesday.

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.

DST Systems, Inc. provides information processing and software services and products. The company operates in two segments, Financial Services and Customer Communications. The company has a P/E ratio of 8.96.

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

Deutsche Bank

Owners of Deutsche Bank (NYSE: DB) shares as of market close today will be eligible for a dividend of 75 cents per share. At a price of $46.11 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Deutsche Bank has been 2.2 million shares per day over the past 30 days. Deutsche Bank has a market cap of $44.1 billion and is part of the banking industry. Shares are up 7.1% year to date as of the close of trading on Wednesday.

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.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. The company has a P/E ratio of 143.76.

TheStreet Ratings rates Deutsche Bank as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. You can view the full Deutsche Bank Ratings Report now.

McGraw Hill Financial

Owners of McGraw Hill Financial (NYSE: MHP) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $54.50 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for McGraw Hill Financial has been 2.2 million shares per day over the past 30 days. McGraw Hill Financial has a market cap of $15.1 billion and is part of the diversified services industry. Shares are up 1.7% year to date as of the close of trading on Wednesday.

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 McGraw-Hill Companies, Inc. provides information services for the financial, commodities and commercial, and education markets worldwide. The company has a P/E ratio of 23.48.

TheStreet Ratings rates McGraw Hill Financial as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full McGraw Hill Financial Ratings Report now.

Prudential Financial

Owners of Prudential Financial (NYSE: PRU) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $66.58 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Prudential Financial has been 3.2 million shares per day over the past 30 days. Prudential Financial has a market cap of $31.6 billion and is part of the insurance industry. Shares are up 26.5% year to date as of the close of trading on Wednesday.

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.

Prudential Financial, Inc., through its subsidiaries, provides a range of insurance, investment management, and other financial products and services to both individual and institutional customers in the United States and internationally. The company has a P/E ratio of 48.61.

TheStreet Ratings rates Prudential Financial 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, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Prudential Financial 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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