5 Stocks Going Ex-Dividend Tomorrow: CRT, GRFS, CFR, NU, TSN

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:

Cross Timbers Royalty

Owners of Cross Timbers Royalty (NYSE: CRT) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $30.18 as of 9:30 a.m. ET, the dividend yield is 7.3%.

The average volume for Cross Timbers Royalty has been 17,900 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $179.8 million and is part of the energy industry. Shares are up 11.3% year to date as of the close of trading on Friday.

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Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unitholders. The company has a P/E ratio of 13.56.

TheStreet Ratings rates Cross Timbers Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. 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 a generally disappointing performance in the stock itself. You can view the full Cross Timbers Royalty Ratings Report now.

Grifols

Owners of Grifols (NASDAQ: GRFS) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $27.50 as of 9:36 a.m. ET, the dividend yield is 0%.

The average volume for Grifols has been 528,400 shares per day over the past 30 days. Grifols has a market cap of $15.0 billion and is part of the drugs industry. Shares are up 3.9% 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.

Grifols, S.A., a specialty biopharmaceutical company, develops, manufactures, and distributes a range of plasma derivative products primarily in the European Union, Spain, the United States, and Canada.

TheStreet Ratings rates Grifols as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Grifols Ratings Report now.

Cullen Frost Bankers

Owners of Cullen Frost Bankers (NYSE: CFR) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $64.80 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for Cullen Frost Bankers has been 348,100 shares per day over the past 30 days. Cullen Frost Bankers has a market cap of $3.9 billion and is part of the banking industry. Shares are up 18.5% 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.

Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking, and other financial products and services primarily in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. The company has a P/E ratio of 17.02.

TheStreet Ratings rates Cullen Frost Bankers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, reasonable valuation levels 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 Cullen Frost Bankers Ratings Report now.

Northeast Utilities

Owners of Northeast Utilities (NYSE: NU) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $42.77 as of 9:36 a.m. ET, the dividend yield is 3.4%.

The average volume for Northeast Utilities has been 1.3 million shares per day over the past 30 days. Northeast Utilities has a market cap of $13.5 billion and is part of the utilities industry. Shares are up 9.6% 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.

Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. The company has a P/E ratio of 20.90.

TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, 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 somewhat disappointing return on equity. You can view the full Northeast Utilities Ratings Report now.

Tyson Foods

Owners of Tyson Foods (NYSE: TSN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $25.20 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Tyson Foods has been 4.4 million shares per day over the past 30 days. Tyson Foods has a market cap of $7.1 billion and is part of the food & beverage industry. Shares are up 28.2% 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.

Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. The company has a P/E ratio of 17.03.

TheStreet Ratings rates Tyson Foods 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 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 Tyson Foods 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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