5 Stocks Going Ex-Dividend Tomorrow: NMFC, MEOH, AME, CMA, M

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:

New Mountain Finance

Owners of New Mountain Finance (NYSE: NMFC) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $15.15 as of 9:36 a.m. ET, the dividend yield is 8.9%.

The average volume for New Mountain Finance has been 415,100 shares per day over the past 30 days. New Mountain Finance has a market cap of $479.9 million and is part of the conglomerates industry. Shares are up 2.8% 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.

New Mountain Finance Corporation operates as a closed-end, non-diversified management investment company. The company has a P/E ratio of 7.03.

TheStreet Ratings rates New Mountain Finance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, notable return on equity and increase in stock price during the past year. 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 New Mountain Finance Ratings Report now.

• See our top-yielding stocks list.

Methanex Corporation

Owners of Methanex Corporation (NASDAQ: MEOH) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $42.76 as of 9:33 a.m. ET, the dividend yield is 1.9%.

The average volume for Methanex Corporation has been 509,800 shares per day over the past 30 days. Methanex Corporation has a market cap of $4.1 billion and is part of the chemicals industry. Shares are up 33.9% 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.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors. The company also purchases and re-sells methanol produced by others.

TheStreet Ratings rates Methanex Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Methanex Corporation Ratings Report now.

• See our top-yielding stocks list.

Ametek

Owners of Ametek (NYSE: AME) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $42.25 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Ametek has been 992,100 shares per day over the past 30 days. Ametek has a market cap of $10.5 billion and is part of the electronics industry. Shares are up 14.7% 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.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The company has a P/E ratio of 22.22.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ametek Ratings Report now.

• See our top-yielding stocks list.

Comerica

Owners of Comerica (NYSE: CMA) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $38.46 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Comerica has been 2.0 million shares per day over the past 30 days. Comerica has a market cap of $7.3 billion and is part of the banking industry. Shares are up 28.1% 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.

Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The company has a P/E ratio of 14.34.

TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, good cash flow from operations, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Comerica Ratings Report now.

• See our top-yielding stocks list.

Macy's

Owners of Macy's (NYSE: M) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $48.56 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for Macy's has been 4.0 million shares per day over the past 30 days. Macy's has a market cap of $19.0 billion and is part of the retail industry. Shares are up 24.6% 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.

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. The company has a P/E ratio of 14.42.

TheStreet Ratings rates Macy's as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Macy's Ratings Report now.

• See our top-yielding stocks list.

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.

• See our dividend calendar.

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.