5 Stocks Going Ex-Dividend Tomorrow: BTZ, ENS, SPW, XL, ADP

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 12, 2013, 82 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 18.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

BlackRock Credit Allocation Income

Owners of BlackRock Credit Allocation Income (NYSE: BTZ) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.37 as of 9:30 a.m. ET, the dividend yield is 7%.

The average volume for BlackRock Credit Allocation Income has been 259,100 shares per day over the past 30 days. BlackRock Credit Allocation Income has a market cap of $1.5 billion and is part of the financial services industry. Shares are down 1.5% 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.

You can view the full BlackRock Credit Allocation Income Ratings Report now.

EnerSys

Owners of EnerSys (NYSE: ENS) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $49.95 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for EnerSys has been 371,600 shares per day over the past 30 days. EnerSys has a market cap of $2.7 billion and is part of the industrial industry. Shares are up 34.3% 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.

EnerSys manufactures, markets, and distributes industrial batteries in the Americas, Europe, and Asia. The company has a P/E ratio of 14.78.

TheStreet Ratings rates EnerSys as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, 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 EnerSys Ratings Report now.

SPX Corporation

Owners of SPX Corporation (NYSE: SPW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $77.84 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for SPX Corporation has been 504,100 shares per day over the past 30 days. SPX Corporation has a market cap of $3.7 billion and is part of the industrial industry. Shares are up 12.8% 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.

SPX Corporation provides specialized engineered solutions worldwide. It operates in two segments, Flow Technology, and Thermal Equipment and Services.

TheStreet Ratings rates SPX Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. You can view the full SPX Corporation Ratings Report now.

XL Group

Owners of XL Group (NYSE: XL) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $31.19 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for XL Group has been 2.3 million shares per day over the past 30 days. XL Group has a market cap of $9.1 billion and is part of the insurance industry. Shares are up 25.9% 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.

XL GROUP Public Limited Company, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, as well as insurance companies and other enterprises worldwide. The company has a P/E ratio of 11.55.

TheStreet Ratings rates XL Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full XL Group Ratings Report now.

Automatic Data Processing

Owners of Automatic Data Processing (NASDAQ: ADP) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $68.10 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Automatic Data Processing has been 1.8 million shares per day over the past 30 days. Automatic Data Processing has a market cap of $33.4 billion and is part of the computer software & services industry. Shares are up 21% 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.

Automatic Data Processing, Inc. and its subsidiaries provide business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The company has a P/E ratio of 24.01.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Automatic Data Processing 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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