5 Stocks Going Ex-Dividend Tomorrow: FINL, TEG, HRS, ADI, TWX

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:

Finish Line

Owners of Finish Line (NASDAQ: FINL) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $21.52 as of 9:33 a.m. ET, the dividend yield is 1.3%.

The average volume for Finish Line has been 624,800 shares per day over the past 30 days. Finish Line has a market cap of $1.0 billion and is part of the specialty retail industry. Shares are up 12.1% year to date as of the close of trading on Friday.

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The Finish Line, Inc., together with its subsidiaries, operates as a mall-based specialty retailer in the United States. It operates Finish Line stores that offer performance and athletic casual shoes, as well as apparel and accessories for men, women, and kids. The company has a P/E ratio of 15.16.

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

Integrys Energy Group

Owners of Integrys Energy Group (NYSE: TEG) shares as of market close today will be eligible for a dividend of 68 cents per share. At a price of $59.38 as of 9:36 a.m. ET, the dividend yield is 4.6%.

The average volume for Integrys Energy Group has been 340,500 shares per day over the past 30 days. Integrys Energy Group has a market cap of $4.7 billion and is part of the utilities industry. Shares are up 13.4% 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.

Integrys Energy Group, Inc., a diversified energy holding company, engages in natural gas and electric utility operations, and non regulated energy operations in the United States and Canada. The company has a P/E ratio of 12.54.

TheStreet Ratings rates Integrys Energy Group 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, attractive valuation levels, good cash flow from operations 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 Integrys Energy Group Ratings Report now.

Harris Corporation

Owners of Harris Corporation (NYSE: HRS) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $50.77 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Harris Corporation has been 977,600 shares per day over the past 30 days. Harris Corporation has a market cap of $5.5 billion and is part of the telecommunications industry. Shares are up 2.9% 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.

Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company that serves government and commercial markets worldwide. The company has a P/E ratio of 10.86.

TheStreet Ratings rates Harris Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Harris Corporation Ratings Report now.

Analog Devices

Owners of Analog Devices (NASDAQ: ADI) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $45.69 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Analog Devices has been 2.4 million shares per day over the past 30 days. Analog Devices has a market cap of $14.0 billion and is part of the electronics industry. Shares are up 7.9% 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.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. The company has a P/E ratio of 21.71.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Analog Devices Ratings Report now.

Time Warner

Owners of Time Warner (NYSE: TWX) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $59.97 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Time Warner has been 6.5 million shares per day over the past 30 days. Time Warner has a market cap of $55.3 billion and is part of the media industry. Shares are up 23.9% 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.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. The company has a P/E ratio of 18.24.

TheStreet Ratings rates Time Warner as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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 Time Warner 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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