5 Stocks Going Ex-Dividend Tomorrow: SSI, ORI, TDW, ROC, JOY

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:

Stage Stores

Owners of Stage Stores (NYSE: SSI) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $23.33 as of 10:16 a.m. ET, the dividend yield is 2.1%.

The average volume for Stage Stores has been 569,100 shares per day over the past 30 days. Stage Stores has a market cap of $770.4 million and is part of the retail industry. Shares are down 5.9% 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.

Stage Stores, Inc. operates department stores and off-price stores in the United States. The company has a P/E ratio of 19.99.

TheStreet Ratings rates Stage Stores 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 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 Stage Stores Ratings Report now.

Old Republic International

Owners of Old Republic International (NYSE: ORI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $13.89 as of 10:15 a.m. ET, the dividend yield is 5.2%.

The average volume for Old Republic International has been 1.8 million shares per day over the past 30 days. Old Republic International has a market cap of $3.6 billion and is part of the insurance industry. Shares are up 30.9% 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.

Old Republic International Corporation, through its subsidiaries, engages in underwriting insurance products primarily in the United States and Canada.

TheStreet Ratings rates Old Republic International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Old Republic International Ratings Report now.

Tidewater

Owners of Tidewater (NYSE: TDW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $56.09 as of 10:15 a.m. ET, the dividend yield is 1.8%.

The average volume for Tidewater has been 661,900 shares per day over the past 30 days. Tidewater has a market cap of $2.8 billion and is part of the energy industry. Shares are up 26.7% 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.

Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels. The company has a P/E ratio of 18.68.

TheStreet Ratings rates Tidewater 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, increase in stock price during the past year, 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 Tidewater Ratings Report now.

Rockwood Holdings

Owners of Rockwood Holdings (NYSE: ROC) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $66.94 as of 10:14 a.m. ET, the dividend yield is 2.4%.

The average volume for Rockwood Holdings has been 806,300 shares per day over the past 30 days. Rockwood Holdings has a market cap of $5.3 billion and is part of the chemicals industry. Shares are up 36.8% 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.

Rockwood Holdings, Inc. develops, manufactures, and markets specialty chemicals and advanced materials for industrial and commercial applications primarily in Germany, the United States, and Europe. The company has a P/E ratio of 16.50.

TheStreet Ratings rates Rockwood Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Rockwood Holdings Ratings Report now.

Joy Global

Owners of Joy Global (NYSE: JOY) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $55.20 as of 10:16 a.m. ET, the dividend yield is 1.3%.

The average volume for Joy Global has been 2.2 million shares per day over the past 30 days. Joy Global has a market cap of $5.8 billion and is part of the industrial industry. Shares are down 14.1% 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.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 41.20.

TheStreet Ratings rates Joy Global as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Joy Global 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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