5 Stocks Going Ex-Dividend Tomorrow: MCY, FNV, HDB, DDR, TROW

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 11, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 13%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Mercury General Corporation

Owners of Mercury General Corporation (NYSE: MCY) shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $43.96 as of 9:34 a.m. ET, the dividend yield is 5.6%.

The average volume for Mercury General Corporation has been 275,700 shares per day over the past 30 days. Mercury General Corporation has a market cap of $2.4 billion and is part of the insurance industry. Shares are up 10.7% year to date as of the close of trading on Friday.

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

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance. The company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance. The company has a P/E ratio of 21.86.

TheStreet Ratings rates Mercury General Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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 Mercury General Corporation Ratings Report now.

Franco-Nevada

Owners of Franco-Nevada (NYSE: FNV) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $40.82 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Franco-Nevada has been 491,300 shares per day over the past 30 days. Franco-Nevada has a market cap of $6.4 billion and is part of the metals & mining industry. Shares are down 27.2% year to date as of the close of trading on Friday.

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

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. The company has a P/E ratio of 68.83.

TheStreet Ratings rates Franco-Nevada as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow. You can view the full Franco-Nevada Ratings Report now.

HDFC Bank

Owners of HDFC Bank (NYSE: HDB) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $38.67 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for HDFC Bank has been 643,000 shares per day over the past 30 days. HDFC Bank has a market cap of $30.7 billion and is part of the banking industry. Shares are down 3.7% year to date as of the close of trading on Friday.

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

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. The company has a P/E ratio of 31.76.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full HDFC Bank Ratings Report now.

DDR

Owners of DDR (NYSE: DDR) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $17.50 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for DDR has been 3.3 million shares per day over the past 30 days. DDR has a market cap of $5.6 billion and is part of the real estate industry. Shares are up 11.8% year to date as of the close of trading on Friday.

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

DDR Corp. operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers.

TheStreet Ratings rates DDR as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full DDR Ratings Report now.

T. Rowe Price Group

Owners of T. Rowe Price Group (NASDAQ: TROW) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $75.74 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for T. Rowe Price Group has been 1.3 million shares per day over the past 30 days. T. Rowe Price Group has a market cap of $19.2 billion and is part of the financial services industry. Shares are up 13.6% year to date as of the close of trading on Friday.

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

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. The company has a P/E ratio of 21.02.

TheStreet Ratings rates T. Rowe Price Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. 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 T. Rowe Price Group 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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