5 Stocks Going Ex-Dividend Tomorrow: DCIX, RGC, CHL, WLK, GME

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 31, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 20.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Diana Containerships

Owners of Diana Containerships (NASDAQ: DCIX) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $5.90 as of 10:16 a.m. ET, the dividend yield is 20.3%.

The average volume for Diana Containerships has been 481,000 shares per day over the past 30 days. Diana Containerships has a market cap of $189.9 million and is part of the transportation industry. Shares are down 2.3% year to date as of the close of trading on Wednesday.

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

Diana Containerships Inc., a shipping company, owns and operates containerships. It is involved in the seaborne transportation activities. As of March 4, 2013, its fleet consisted of 11 Panamax container vessels. The company was founded in 2010 and is based in Athens, Greece.

TheStreet Ratings rates Diana Containerships as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Diana Containerships Ratings Report now.

Regal Entertainment Group

Owners of Regal Entertainment Group (NYSE: RGC) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $18.61 as of 10:16 a.m. ET, the dividend yield is 4.5%.

The average volume for Regal Entertainment Group has been 1.2 million shares per day over the past 30 days. Regal Entertainment Group has a market cap of $2.5 billion and is part of the media industry. Shares are up 34.3% year to date as of the close of trading on Wednesday.

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

Regal Entertainment Group, through its subsidiaries, operates as a motion picture exhibitor in the United States. The company develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets. The company has a P/E ratio of 24.03.

TheStreet Ratings rates Regal Entertainment Group as a hold. The company's strongest point has been its good stock performance. At the same time, however, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Regal Entertainment Group Ratings Report now.

China Mobile

At a price of $53.68 as of 10:16 a.m. ET, the dividend yield is 3.7%.

The average volume for China Mobile has been 650,000 shares per day over the past 30 days. China Mobile has a market cap of $216.4 billion and is part of the telecommunications industry. Shares are down 8.3% year to date as of the close of trading on Wednesday.

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

The company has a P/E ratio of 10.56.

You can view the full China Mobile Ratings Report now.

Westlake Chemical Corporation

Owners of Westlake Chemical Corporation (NYSE: WLK) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $92.74 as of 10:16 a.m. ET, the dividend yield is 0.8%.

The average volume for Westlake Chemical Corporation has been 576,300 shares per day over the past 30 days. Westlake Chemical Corporation has a market cap of $6.3 billion and is part of the chemicals industry. Shares are up 18.8% year to date as of the close of trading on Wednesday.

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

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 15.00.

TheStreet Ratings rates Westlake Chemical Corporation 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Westlake Chemical Corporation Ratings Report now.

GameStop

Owners of GameStop (NYSE: GME) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $31.96 as of 10:16 a.m. ET, the dividend yield is 3.5%.

The average volume for GameStop has been 3.4 million shares per day over the past 30 days. GameStop has a market cap of $3.8 billion and is part of the retail industry. Shares are up 26.8% year to date as of the close of trading on Wednesday.

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

GameStop Corp. operates as a video game retailer.

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