5 Stocks Going Ex-Dividend Tomorrow: PTP, HSH, QEP, K, LYB

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:

Platinum Underwriters Holdings

Owners of Platinum Underwriters Holdings (NYSE: PTP) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $57.06 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Platinum Underwriters Holdings has been 257,500 shares per day over the past 30 days. Platinum Underwriters Holdings has a market cap of $1.8 billion and is part of the insurance industry. Shares are up 24.5% 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.

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance coverage products worldwide. It operates in three segments: Property and Marine, Casualty, and Finite Risk. The company has a P/E ratio of 5.35.

TheStreet Ratings rates Platinum Underwriters Holdings as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, solid stock price performance, compelling growth in net income and attractive valuation levels. 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 Platinum Underwriters Holdings Ratings Report now.

Hillshire Brands

Owners of Hillshire Brands (NYSE: HSH) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $35.80 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Hillshire Brands has been 1.2 million shares per day over the past 30 days. Hillshire Brands has a market cap of $4.4 billion and is part of the food & beverage industry. Shares are up 25.8% 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.

The Hillshire Brands Company engages in the manufacture and marketing of meat-centric food solutions for the retail and foodservice markets worldwide. The company has a P/E ratio of 52.85.

TheStreet Ratings rates Hillshire Brands as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. You can view the full Hillshire Brands Ratings Report now.

QEP Resources

Owners of QEP Resources (NYSE: QEP) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $28.64 as of 9:36 a.m. ET, the dividend yield is 0.3%.

The average volume for QEP Resources has been 2.0 million shares per day over the past 30 days. QEP Resources has a market cap of $5.1 billion and is part of the energy industry. Shares are down 5.1% 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.

QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company.

TheStreet Ratings rates QEP Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full QEP Resources Ratings Report now.

Kellogg Company

Owners of Kellogg Company (NYSE: K) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $64.63 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Kellogg Company has been 1.7 million shares per day over the past 30 days. Kellogg Company has a market cap of $23.7 billion and is part of the food & beverage industry. Shares are up 15.9% 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.

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience food products primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 25.37.

TheStreet Ratings rates Kellogg Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Kellogg Company Ratings Report now.

LyondellBasell Industries

Owners of LyondellBasell Industries (NYSE: LYB) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $66.79 as of 9:36 a.m. ET, the dividend yield is 3%.

The average volume for LyondellBasell Industries has been 4.4 million shares per day over the past 30 days. LyondellBasell Industries has a market cap of $37.8 billion and is part of the chemicals industry. Shares are up 17.7% 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.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. The company has a P/E ratio of 11.97.

TheStreet Ratings rates LyondellBasell Industries 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, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LyondellBasell Industries 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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