5 Stocks Going Ex-Dividend Tomorrow: OMI, FHN, EAT, FIS, KO

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:

Owens & Minor

Owners of Owens & Minor (NYSE: OMI) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $33.95 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Owens & Minor has been 366,300 shares per day over the past 30 days. Owens & Minor has a market cap of $2.2 billion and is part of the wholesale industry. Shares are up 19.7% 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.

Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. The company has a P/E ratio of 20.43.

TheStreet Ratings rates Owens & Minor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Owens & Minor Ratings Report now.

First Horizon National

Owners of First Horizon National (NYSE: FHN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $11.37 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for First Horizon National has been 2.6 million shares per day over the past 30 days. First Horizon National has a market cap of $2.7 billion and is part of the banking industry. Shares are up 14.3% 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.

First Horizon National Corporation operates as a bank holding company for First Tennessee Bank National Association that provides various financial services in the United States and internationally.

TheStreet Ratings rates First Horizon National as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full First Horizon National Ratings Report now.

Brinker International

Owners of Brinker International (NYSE: EAT) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $40.73 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Brinker International has been 1.2 million shares per day over the past 30 days. Brinker International has a market cap of $2.9 billion and is part of the leisure industry. Shares are up 32.9% 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.

Brinker International, Inc. owns, develops, operates, and franchises various restaurant brands primarily in the United States. It operates the restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names. The company has a P/E ratio of 19.15.

TheStreet Ratings rates Brinker International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income 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 Brinker International Ratings Report now.

Fidelity National Information Services

Owners of Fidelity National Information Services (NYSE: FIS) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $44.27 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Fidelity National Information Services has been 2.1 million shares per day over the past 30 days. Fidelity National Information Services has a market cap of $13.1 billion and is part of the computer software & services 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.

Fidelity National Information Services, Inc. provides banking and payments technology solutions worldwide. The company offers financial institution core processing, card issuer, and transaction processing services, including the national electronic funds transfer network. The company has a P/E ratio of 22.15.

TheStreet Ratings rates Fidelity National Information Services 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, solid stock price performance, impressive record of earnings per share growth and increase in net income. 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 Fidelity National Information Services Ratings Report now.

Coca-Cola

Owners of Coca-Cola (NYSE: KO) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $40.62 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Coca-Cola has been 14.2 million shares per day over the past 30 days. Coca-Cola has a market cap of $184.4 billion and is part of the food & beverage industry. Shares are up 14.2% 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.

The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. The company has a P/E ratio of 21.35.

TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, expanding profit margins 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 Coca-Cola 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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