5 Stocks Going Ex-Dividend Tomorrow: YZC, POL, GLNG, BRY, NCT

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:

Yanzhou Coal Mining Company

Owners of Yanzhou Coal Mining Company (NYSE: YZC) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $9.99 as of 9:36 a.m. ET, the dividend yield is 13%.

The average volume for Yanzhou Coal Mining Company has been 291,700 shares per day over the past 30 days. Yanzhou Coal Mining Company has a market cap of $5.0 billion and is part of the metals & mining industry. Shares are down 40.7% 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.

The company has a P/E ratio of 4.88.

You can view the full Yanzhou Coal Mining Company Ratings Report now.

PolyOne Corporation

Owners of PolyOne Corporation (NYSE: POL) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $25.40 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for PolyOne Corporation has been 646,600 shares per day over the past 30 days. PolyOne Corporation has a market cap of $2.5 billion and is part of the chemicals industry. Shares are up 22.7% 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.

PolyOne Corporation provides specialized polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution, and specialty vinyl resins. The company has a P/E ratio of 32.97.

TheStreet Ratings rates PolyOne Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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 PolyOne Corporation Ratings Report now.

Golar LNG

Owners of Golar LNG (NASDAQ: GLNG) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $34.32 as of 9:35 a.m. ET, the dividend yield is 5.3%.

The average volume for Golar LNG has been 629,900 shares per day over the past 30 days. Golar LNG has a market cap of $2.7 billion and is part of the transportation industry. Shares are down 7.7% 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.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification and liquefaction, and trading of LNG. The company has a P/E ratio of 2.91.

TheStreet Ratings rates Golar LNG as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Golar LNG Ratings Report now.

Berry Petroleum

Owners of Berry Petroleum (NYSE: BRY) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $45.15 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Berry Petroleum has been 616,400 shares per day over the past 30 days. Berry Petroleum has a market cap of $2.4 billion and is part of the energy industry. Shares are up 33.6% 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.

Berry Petroleum Company, an independent energy company, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas in the continental United States. The company has a P/E ratio of 14.64.

TheStreet Ratings rates Berry Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Berry Petroleum Ratings Report now.

Newcastle Investment Corporation

Owners of Newcastle Investment Corporation (NYSE: NCT) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $5.61 as of 9:36 a.m. ET, the dividend yield is 12.3%.

The average volume for Newcastle Investment Corporation has been 10.3 million shares per day over the past 30 days. Newcastle Investment Corporation has a market cap of $1.4 billion and is part of the real estate industry. Shares are down 35.9% 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.

Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. The company has a P/E ratio of 2.30.

TheStreet Ratings rates Newcastle Investment Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Newcastle Investment Corporation 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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