5 Stocks Going Ex-Dividend Tomorrow: FULL, HLSS, HUB.B, OII, ASH

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:

Full Circle Capital Corp BDC

Owners of Full Circle Capital Corp BDC (NASDAQ: FULL) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $7.98 as of 9:34 a.m. ET, the dividend yield is 11.6%.

The average volume for Full Circle Capital Corp BDC has been 58,500 shares per day over the past 30 days. Full Circle Capital Corp BDC has a market cap of $60.3 million and is part of the financial services industry. Shares are up 7.3% year to date as of the close of trading on Friday.

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Full Circle Capital Corporation is a business development company and operates as an externally managed non-diversified closed-end management investment company. The company has a P/E ratio of 46.88.

TheStreet Ratings rates Full Circle Capital Corp BDC as a hold. The company's strongest point has been its strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Full Circle Capital Corp BDC Ratings Report now.

Home Loan Servicing Solutions

Owners of Home Loan Servicing Solutions (NASDAQ: HLSS) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $23.96 as of 9:36 a.m. ET, the dividend yield is 7.1%.

The average volume for Home Loan Servicing Solutions has been 586,500 shares per day over the past 30 days. Home Loan Servicing Solutions has a market cap of $1.3 billion and is part of the real estate industry. Shares are up 24.9% 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.

Home Loan Servicing Solutions, Ltd., through its subsidiaries, engages in the acquisition of mortgage servicing assets. Its mortgage servicing assets consists of servicing advances, mortgage servicing rights, rights to mortgage servicing rights, and other related assets. The company has a P/E ratio of 13.97.

TheStreet Ratings rates Home Loan Servicing Solutions as a sell. The area that we feel has been the company's primary weakness has been its disappointing return on equity. You can view the full Home Loan Servicing Solutions Ratings Report now.

Hubbell

Owners of Hubbell (NYSE: HUB.B) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $100.17 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Hubbell has been 219,800 shares per day over the past 30 days. Hubbell has a market cap of $5.2 billion and is part of the electronics industry. Shares are up 17.6% 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.

Hubbell Incorporated engages in the design, manufacture, and sale of electrical and electronic products in the United States and internationally. The company operates in two segments, Electrical and Power. The company has a P/E ratio of 19.71.

TheStreet Ratings rates Hubbell as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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 Hubbell Ratings Report now.

Oceaneering International

Owners of Oceaneering International (NYSE: OII) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $74.51 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Oceaneering International has been 702,100 shares per day over the past 30 days. Oceaneering International has a market cap of $8.0 billion and is part of the energy industry. Shares are up 37.1% 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.

Oceaneering International, Inc., together with its subsidiaries, provides engineered services and products primarily to the offshore oil and gas industry with a focus on deepwater applications worldwide. The company has a P/E ratio of 25.61.

TheStreet Ratings rates Oceaneering International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Oceaneering International Ratings Report now.

Ashland

Owners of Ashland (NYSE: ASH) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $90.09 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Ashland has been 1.2 million shares per day over the past 30 days. Ashland has a market cap of $7.0 billion and is part of the chemicals industry. Shares are up 10.4% 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.

Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets. The company has a P/E ratio of 164.39.

TheStreet Ratings rates Ashland as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ashland 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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