4 Stocks Going Ex-Dividend Tomorrow: ATK, L, LUFK, CTL

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 30, 2013, 32 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 5.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Alliant Techsystems

Owners of Alliant Techsystems (NYSE: ATK) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $78.16 as of 9:32 a.m. ET, the dividend yield is 1.3%.

The average volume for Alliant Techsystems has been 331,100 shares per day over the past 30 days. Alliant Techsystems has a market cap of $2.5 billion and is part of the aerospace/defense industry. Shares are up 25.5% year to date as of the close of trading on Tuesday.

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Alliant Techsystems Inc. engages in the provision of aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. The company has a P/E ratio of 9.32.

TheStreet Ratings rates Alliant Techsystems 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, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Alliant Techsystems Ratings Report now.

Loews Corporation

Owners of Loews Corporation (NYSE: L) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $46.13 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for Loews Corporation has been 1.1 million shares per day over the past 30 days. Loews Corporation has a market cap of $17.9 billion and is part of the insurance industry. Shares are up 13.4% year to date as of the close of trading on Tuesday.

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Loews Corporation operates primarily as a commercial property and casualty insurance company. The company operates in four segments: CNA Specialty, CNA Commercial, Life & Group Non-Core, and Other. The company has a P/E ratio of 40.66.

TheStreet Ratings rates Loews Corporation as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, attractive valuation levels, 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 shows low profit margins. You can view the full Loews Corporation Ratings Report now.

Lufkin Industries

Owners of Lufkin Industries (NASDAQ: LUFK) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $88.30 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Lufkin Industries has been 991,800 shares per day over the past 30 days. Lufkin Industries has a market cap of $3.0 billion and is part of the energy industry. Shares are up 51.9% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Lufkin Industries, Inc. manufactures and supplies oilfield and power transmission products for use in energy infrastructure and industrial applications. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 33.07.

TheStreet Ratings rates Lufkin Industries 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lufkin Industries Ratings Report now.

CenturyLink

Owners of CenturyLink (NYSE: CTL) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $36.77 as of 9:35 a.m. ET, the dividend yield is 5.8%.

The average volume for CenturyLink has been 5.7 million shares per day over the past 30 days. CenturyLink has a market cap of $22.7 billion and is part of the telecommunications industry. Shares are down 4.7% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company has a P/E ratio of 22.18.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, expanding profit margins, impressive record of earnings per share growth and notable return on equity. 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 CenturyLink 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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