5 Stocks Going Ex-Dividend Tomorrow: HII, MDP, MGA, DOV, UNP

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:

Huntington Ingalls Industries

Owners of Huntington Ingalls Industries (NYSE: HII) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $56.04 as of 9:33 a.m. ET, the dividend yield is 0.7%.

The average volume for Huntington Ingalls Industries has been 226,000 shares per day over the past 30 days. Huntington Ingalls Industries has a market cap of $2.8 billion and is part of the aerospace/defense industry. Shares are up 27.7% 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.

Huntington Ingalls Industries, Inc. designs, builds, overhauls, and repairs ships primarily for the U.S. Navy and Coast Guard. The company has a P/E ratio of 17.79.

TheStreet Ratings rates Huntington Ingalls Industries as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins. You can view the full Huntington Ingalls Industries Ratings Report now.

Meredith Corporation

Owners of Meredith Corporation (NYSE: MDP) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $41.99 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Meredith Corporation has been 448,300 shares per day over the past 30 days. Meredith Corporation has a market cap of $1.5 billion and is part of the media industry. Shares are up 19.9% 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.

Meredith Corporation, a media and marketing company, engages in magazine publishing and related brand licensing, television broadcasting, digital and customer relationship marketing, digital and mobile media, and video creation operations in the United States. The company has a P/E ratio of 15.53.

TheStreet Ratings rates Meredith Corporation 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Meredith Corporation Ratings Report now.

Magna International

Owners of Magna International (NYSE: MGA) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $66.20 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Magna International has been 743,600 shares per day over the past 30 days. Magna International has a market cap of $15.2 billion and is part of the wholesale industry. Shares are up 30.3% 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.

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. The company has a P/E ratio of 11.03.

TheStreet Ratings rates Magna International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Magna International Ratings Report now.

Dover Corporation

Owners of Dover Corporation (NYSE: DOV) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $80.03 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Dover Corporation has been 1.2 million shares per day over the past 30 days. Dover Corporation has a market cap of $13.5 billion and is part of the industrial industry. Shares are up 20.5% 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.

Dover Corporation manufactures and sells a range of specialized products and components, and provides related consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. The company has a P/E ratio of 17.03.

TheStreet Ratings rates Dover Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Dover Corporation Ratings Report now.

Union Pacific

Owners of Union Pacific (NYSE: UNP) shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $158.96 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Union Pacific has been 1.8 million shares per day over the past 30 days. Union Pacific has a market cap of $73.2 billion and is part of the transportation industry. Shares are up 24.7% 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.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has a P/E ratio of 18.43.

TheStreet Ratings rates Union Pacific as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Union Pacific 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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