5 Stocks Going Ex-Dividend Tomorrow: AT, CBT, SBGI, NWL, TSO

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:

Atlantic Power Corporation

Owners of Atlantic Power Corporation (NYSE: AT) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.90 as of 9:36 a.m. ET, the dividend yield is 8%.

The average volume for Atlantic Power Corporation has been 1.7 million shares per day over the past 30 days. Atlantic Power Corporation has a market cap of $584.7 million and is part of the utilities industry. Shares are down 57.3% 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.

Atlantic Power Corporation operates as a power generation and infrastructure company with a portfolio of assets in the United States and Canada.

TheStreet Ratings rates Atlantic Power Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Atlantic Power Corporation Ratings Report now.

Cabot Corporation

Owners of Cabot Corporation (NYSE: CBT) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $40.62 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Cabot Corporation has been 437,700 shares per day over the past 30 days. Cabot Corporation has a market cap of $2.6 billion and is part of the chemicals industry. Shares are up 1.3% 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.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has a P/E ratio of 17.91.

TheStreet Ratings rates Cabot Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures 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 Cabot Corporation Ratings Report now.

Sinclair Broadcast Group

Owners of Sinclair Broadcast Group (NASDAQ: SBGI) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $26.83 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Sinclair Broadcast Group has been 1.7 million shares per day over the past 30 days. Sinclair Broadcast Group has a market cap of $1.4 billion and is part of the media industry. Shares are up 110.2% 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.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. The company has a P/E ratio of 16.38.

TheStreet Ratings rates Sinclair Broadcast Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance 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 Sinclair Broadcast Group Ratings Report now.

Newell Rubbermaid

Owners of Newell Rubbermaid (NYSE: NWL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $27.66 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Newell Rubbermaid has been 2.8 million shares per day over the past 30 days. Newell Rubbermaid has a market cap of $7.9 billion and is part of the consumer durables industry. Shares are up 23% 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.

Newell Rubbermaid Inc. designs, manufactures, and markets consumer and commercial products worldwide. It operates in six segments: Home Solutions, Writing, Tools, Commercial Products, Baby & Parenting, and Specialty. The company has a P/E ratio of 20.75.

TheStreet Ratings rates Newell Rubbermaid as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, 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 has had sub par growth in net income. You can view the full Newell Rubbermaid Ratings Report now.

Tesoro Corporation

Owners of Tesoro Corporation (NYSE: TSO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $62.38 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Tesoro Corporation has been 3.9 million shares per day over the past 30 days. Tesoro Corporation has a market cap of $8.3 billion and is part of the energy industry. Shares are up 39% 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.

Tesoro Corporation, together with its subsidiaries, engages in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. The company has a P/E ratio of 11.07.

TheStreet Ratings rates Tesoro Corporation as a buy. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Tesoro Corporation 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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