4 Stocks Going Ex-Dividend Tomorrow: CBSH, GPC, CHRW, MCK

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, June 5, 2013, 41 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 9.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Commerce

Owners of Commerce (NASDAQ: CBSH) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $43.68 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Commerce has been 410,300 shares per day over the past 30 days. Commerce has a market cap of $3.9 billion and is part of the banking industry. Shares are up 24.1% year to date as of the close of trading on Monday.

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

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The company operates in three segments: Consumer, Commercial, and Wealth. The company has a P/E ratio of 15.16.

TheStreet Ratings rates Commerce as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year 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 Commerce Ratings Report now.

Genuine Parts Company

Owners of Genuine Parts Company (NYSE: GPC) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $77.56 as of 9:34 a.m. ET, the dividend yield is 2.8%.

The average volume for Genuine Parts Company has been 834,500 shares per day over the past 30 days. Genuine Parts Company has a market cap of $12.0 billion and is part of the wholesale industry. Shares are up 21.9% year to date as of the close of trading on Monday.

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

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, the Dominican Republic, Mexico, and Canada. The company has a P/E ratio of 18.78.

TheStreet Ratings rates Genuine Parts Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Genuine Parts Company Ratings Report now.

CH Robinson Worldwide

Owners of CH Robinson Worldwide (NASDAQ: CHRW) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $57.27 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for CH Robinson Worldwide has been 1.6 million shares per day over the past 30 days. CH Robinson Worldwide has a market cap of $9.1 billion and is part of the transportation industry. Shares are down 10.3% year to date as of the close of trading on Monday.

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

C.H. Robinson Worldwide, Inc., a third-party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company has a P/E ratio of 15.45.

TheStreet Ratings rates CH Robinson Worldwide 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, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CH Robinson Worldwide Ratings Report now.

McKesson

Owners of McKesson (NYSE: MCK) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $112.60 as of 9:36 a.m. ET, the dividend yield is 0.7%.

The average volume for McKesson has been 1.3 million shares per day over the past 30 days. McKesson has a market cap of $25.8 billion and is part of the wholesale industry. Shares are up 17.4% year to date as of the close of trading on Monday.

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

McKesson Corporation, together with its subsidiaries, delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry primarily in the United States. It operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions. The company has a P/E ratio of 20.37.

TheStreet Ratings rates McKesson as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, 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 has had sub par growth in net income. You can view the full McKesson 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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