5 Stocks Going Ex-Dividend Tomorrow: PBT, BIP, TGI, CRI, CSX

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:

Permian Basin Royalty

Owners of Permian Basin Royalty (NYSE: PBT) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $14.11 as of 9:34 a.m. ET, the dividend yield is 7.5%.

The average volume for Permian Basin Royalty has been 176,500 shares per day over the past 30 days. Permian Basin Royalty has a market cap of $657.7 million and is part of the energy industry. Shares are up 15.1% 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.

Permian Basin Royalty Trust owns overriding royalty interests in various oil and gas properties in the United States. The company has a P/E ratio of 16.22.

TheStreet Ratings rates Permian Basin 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 Permian Basin Royalty Ratings Report now.

Brookfield Infrastructure Partners

Owners of Brookfield Infrastructure Partners (NYSE: BIP) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $38.67 as of 9:36 a.m. ET, the dividend yield is 4.5%.

The average volume for Brookfield Infrastructure Partners has been 440,600 shares per day over the past 30 days. Brookfield Infrastructure Partners has a market cap of $5.5 billion and is part of the utilities industry. Shares are up 8.6% 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.

The company has a P/E ratio of 153.12.

You can view the full Brookfield Infrastructure Partners Ratings Report now.

Triumph Group

Owners of Triumph Group (NYSE: TGI) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $76.85 as of 9:36 a.m. ET, the dividend yield is 0.2%.

The average volume for Triumph Group has been 470,600 shares per day over the past 30 days. Triumph Group has a market cap of $3.8 billion and is part of the aerospace/defense industry. Shares are up 14.9% 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.

Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company has a P/E ratio of 12.08.

TheStreet Ratings rates Triumph Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, 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 sub par growth in net income. You can view the full Triumph Group Ratings Report now.

Carter's

Owners of Carter's (NYSE: CRI) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $70.61 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Carter's has been 893,200 shares per day over the past 30 days. Carter's has a market cap of $4.2 billion and is part of the consumer non-durables industry. Shares are up 26.1% 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.

Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded children's wear. The company provides its products under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The company has a P/E ratio of 24.72.

TheStreet Ratings rates Carter's 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Carter's Ratings Report now.

CSX

Owners of CSX (NYSE: CSX) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $25.88 as of 9:36 a.m. ET, the dividend yield is 2.4%.

The average volume for CSX has been 7.1 million shares per day over the past 30 days. CSX has a market cap of $26.1 billion and is part of the transportation industry. Shares are up 29.2% 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.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services. It offers traditional rail services, and transports intermodal containers and trailers. The company has a P/E ratio of 14.09.

TheStreet Ratings rates CSX as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, good cash flow from operations, expanding profit margins and increase in stock price during the past year. 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 CSX 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.
null

If you liked this article you might like

A Sign of Trust: Permian Basin Royalty Rallies

A Sign of Trust: Permian Basin Royalty Rallies

3 Stocks With Upcoming Ex-Dividend Dates: PBT, TEP, EV

3 Stocks With Upcoming Ex-Dividend Dates: PBT, TEP, EV

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: PBT, CSQ, NHI

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: PBT, CSQ, NHI

3 Stocks Going Ex-Dividend Tomorrow: PBT, BOBE, ABY

3 Stocks Going Ex-Dividend Tomorrow: PBT, BOBE, ABY

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: PBT, STAG, PEB

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: PBT, STAG, PEB