5 Stocks Going Ex-Dividend Tomorrow: BTE, CBOE, FDS, TEL, BRCM

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:

Baytex Energy

Owners of Baytex Energy (NYSE: BTE) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $39.10 as of 9:35 a.m. ET, the dividend yield is 6.7%.

The average volume for Baytex Energy has been 210,000 shares per day over the past 30 days. Baytex Energy has a market cap of $4.8 billion and is part of the energy industry. Shares are down 10.3% year to date as of the close of trading on Friday.

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Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin; and the Williston Basin in the United States. The company offers heavy oil, light oil, and natural gas liquids. The company has a P/E ratio of 21.42.

TheStreet Ratings rates Baytex Energy as a buy. You can view the full Baytex Energy Ratings Report now.

CBOE Holdings

Owners of CBOE Holdings (NASDAQ: CBOE) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $40.99 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for CBOE Holdings has been 432,800 shares per day over the past 30 days. CBOE Holdings has a market cap of $3.5 billion and is part of the financial services industry. Shares are up 37.5% year to date as of the close of trading on Friday.

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CBOE Holdings, Inc., through its subsidiaries, operates markets for the trading of listed and exchange-traded options contracts. The company has a P/E ratio of 21.44.

TheStreet Ratings rates CBOE Holdings 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, notable return on equity, expanding profit margins and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full CBOE Holdings Ratings Report now.

FactSet Research Systems

Owners of FactSet Research Systems (NYSE: FDS) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $101.12 as of 9:34 a.m. ET, the dividend yield is 1.4%.

The average volume for FactSet Research Systems has been 393,700 shares per day over the past 30 days. FactSet Research Systems has a market cap of $4.4 billion and is part of the computer software & services industry. Shares are up 13.9% 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.

FactSet Research Systems Inc. provides financial and economic information to investment community worldwide. The company has a P/E ratio of 23.77.

TheStreet Ratings rates FactSet Research Systems 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, notable return on equity, 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 FactSet Research Systems Ratings Report now.

TE Connectivity

Owners of TE Connectivity (NYSE: TEL) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $45.65 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for TE Connectivity has been 1.6 million shares per day over the past 30 days. TE Connectivity has a market cap of $18.8 billion and is part of the electronics industry. Shares are up 22% 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.

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. The company has a P/E ratio of 15.94.

TheStreet Ratings rates TE Connectivity 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, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full TE Connectivity Ratings Report now.

Broadcom Corporation

Owners of Broadcom Corporation (NASDAQ: BRCM) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $36.23 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Broadcom Corporation has been 6.6 million shares per day over the past 30 days. Broadcom Corporation has a market cap of $19.1 billion and is part of the electronics industry. Shares are up 10.2% 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.

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company has a P/E ratio of 25.59.

TheStreet Ratings rates Broadcom 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, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Broadcom 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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