5 Stocks Going Ex-Dividend Tomorrow: PVD, THG, LEG, HUN, EMN

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:

Administradora de Fondos de Pensiones-Provi

At a price of $92.08 as of 9:34 a.m. ET, the dividend yield is 8.3%.

The average volume for Administradora de Fondos de Pensiones-Provi has been 10,200 shares per day over the past 30 days. Administradora de Fondos de Pensiones-Provi has a market cap of $2.1 billion and is part of the financial services industry. Shares are down 9.7% 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.

Administradora de Fondos de Pensiones Provida S.A. offers private pension fund administration and related services in the Republic of Chile. The company has a P/E ratio of 13.92.

TheStreet Ratings rates Administradora de Fondos de Pensiones-Provi 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, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Administradora de Fondos de Pensiones-Provi Ratings Report now.

Hanover Insurance Group

Owners of Hanover Insurance Group (NYSE: THG) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $48.21 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Hanover Insurance Group has been 298,900 shares per day over the past 30 days. Hanover Insurance Group has a market cap of $2.1 billion and is part of the insurance industry. Shares are up 25.3% 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.

The Hanover Insurance Group, Inc., through its subsidiaries, underwrites commercial and personal property, and casualty insurance coverage in the United States. It operates in four segments: Commercial Lines, Personal Lines, Chaucer, and Other Property and Casualty. The company has a P/E ratio of 30.24.

TheStreet Ratings rates Hanover Insurance 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 Hanover Insurance Group Ratings Report now.

Leggett & Platt

Owners of Leggett & Platt (NYSE: LEG) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $31.47 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Leggett & Platt has been 1.1 million shares per day over the past 30 days. Leggett & Platt has a market cap of $4.6 billion and is part of the consumer durables industry. Shares are up 17.1% 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.

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company has a P/E ratio of 18.63.

TheStreet Ratings rates Leggett & Platt 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Leggett & Platt Ratings Report now.

Huntsman Corporation

Owners of Huntsman Corporation (NYSE: HUN) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $18.18 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for Huntsman Corporation has been 3.6 million shares per day over the past 30 days. Huntsman Corporation has a market cap of $4.5 billion and is part of the chemicals industry. Shares are up 16.2% 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.

Huntsman Corporation and its subsidiaries engage in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments. The company has a P/E ratio of 24.97.

TheStreet Ratings rates Huntsman Corporation as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels 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 Huntsman Corporation Ratings Report now.

Eastman Chemical Company

Owners of Eastman Chemical Company (NYSE: EMN) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $69.38 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Eastman Chemical Company has been 1.7 million shares per day over the past 30 days. Eastman Chemical Company has a market cap of $10.9 billion and is part of the chemicals industry. Shares are up 3.7% 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.

Eastman Chemical Company, a specialty chemical company, engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. The company has a P/E ratio of 20.96.

TheStreet Ratings rates Eastman Chemical Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Eastman Chemical Company 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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