5 Stocks Going Ex-Dividend Tomorrow: JMI, UGI, PKG, TXT, NOV

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:

JAVELIN Mortgage Investment

Owners of JAVELIN Mortgage Investment (NYSE: JMI) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $15.15 as of 9:36 a.m. ET, the dividend yield is 18.2%.

The average volume for JAVELIN Mortgage Investment has been 429,100 shares per day over the past 30 days. JAVELIN Mortgage Investment has a market cap of $204.9 million and is part of the real estate industry. Shares are down 19.2% 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 JAVELIN Mortgage Investment Ratings Report now.

UGI Corporation

Owners of UGI Corporation (NYSE: UGI) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $38.16 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for UGI Corporation has been 641,000 shares per day over the past 30 days. UGI Corporation has a market cap of $4.4 billion and is part of the utilities industry. Shares are up 18.3% 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.

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company has a P/E ratio of 17.60.

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

Packaging Corporation of America

Owners of Packaging Corporation of America (NYSE: PKG) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $48.56 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for Packaging Corporation of America has been 925,400 shares per day over the past 30 days. Packaging Corporation of America has a market cap of $4.8 billion and is part of the consumer non-durables industry. Shares are up 27.9% 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.

Packaging Corporation of America engages in the manufacture and sale of containerboard and corrugated packaging products for industrial and consumer markets in the United States. The company has a P/E ratio of 23.16.

TheStreet Ratings rates Packaging Corporation of America 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 impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Packaging Corporation of America Ratings Report now.

Textron

Owners of Textron (NYSE: TXT) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $26.60 as of 9:36 a.m. ET, the dividend yield is 0.3%.

The average volume for Textron has been 3.0 million shares per day over the past 30 days. Textron has a market cap of $7.5 billion and is part of the aerospace/defense industry. Shares are up 8.6% 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.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The company has a P/E ratio of 13.73.

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

National Oilwell Varco

Owners of National Oilwell Varco (NYSE: NOV) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $69.14 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for National Oilwell Varco has been 4.0 million shares per day over the past 30 days. National Oilwell Varco has a market cap of $30.0 billion and is part of the energy industry. Shares are up 2.7% 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.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. The company has a P/E ratio of 12.58.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full National Oilwell Varco 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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