5 Stocks Going Ex-Dividend Tomorrow: AED, OTEX, BPO, IBN, STI

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 29, 2013, 75 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 12.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Aegon

Owners of Aegon (NYSE: AED) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $25.50 as of 9:30 a.m. ET, the dividend yield is 6.4%.

The average volume for Aegon has been 43,800 shares per day over the past 30 days. Aegon has a market cap of $0 and is part of the insurance industry. Shares are up 2% year to date as of the close of trading on Friday.

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 company has a P/E ratio of 20.42.

You can view the full Aegon Ratings Report now.

Open Text Corporation

Owners of Open Text Corporation (NASDAQ: OTEX) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $69.60 as of 9:34 a.m. ET, the dividend yield is 1.7%.

The average volume for Open Text Corporation has been 221,700 shares per day over the past 30 days. Open Text Corporation has a market cap of $4.0 billion and is part of the computer software & services industry. Shares are up 22.1% year to date as of the close of trading on Friday.

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.

OpenText Corporation provides a suite of information management software products and solutions. The company has a P/E ratio of 35.36.

TheStreet Ratings rates Open Text Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Open Text Corporation Ratings Report now.

Brookfield Office Properties

Owners of Brookfield Office Properties (NYSE: BPO) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $18.18 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for Brookfield Office Properties has been 1.6 million shares per day over the past 30 days. Brookfield Office Properties has a market cap of $9.2 billion and is part of the real estate industry. Shares are up 6.5% year to date as of the close of trading on Friday.

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.

Brookfield Properties Corporation is a publicly owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties. It also provides ancillary real estate service businesses, such as tenant service and amenities. The company has a P/E ratio of 8.63.

TheStreet Ratings rates Brookfield Office Properties as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Brookfield Office Properties Ratings Report now.

ICICI Bank

Owners of ICICI Bank (NYSE: IBN) shares as of market close today will be eligible for a dividend of 75 cents per share. At a price of $47.24 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for ICICI Bank has been 1.2 million shares per day over the past 30 days. ICICI Bank has a market cap of $26.7 billion and is part of the banking industry. Shares are up 6.4% year to date as of the close of trading on Friday.

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 company has a P/E ratio of 17.84.

You can view the full ICICI Bank Ratings Report now.

SunTrust Banks

Owners of SunTrust Banks (NYSE: STI) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $32.47 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for SunTrust Banks has been 4.9 million shares per day over the past 30 days. SunTrust Banks has a market cap of $17.3 billion and is part of the banking industry. Shares are up 12.7% year to date as of the close of trading on Friday.

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.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The company has a P/E ratio of 8.43.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. 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 SunTrust Banks 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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