5 Stocks Going Ex-Dividend Tomorrow: TCRD, SCI, RNR, CSC, RF

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:

THL Credit

Owners of THL Credit (NASDAQ: TCRD) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $15.06 as of 9:36 a.m. ET, the dividend yield is 9%.

The average volume for THL Credit has been 229,900 shares per day over the past 30 days. THL Credit has a market cap of $399.7 million and is part of the financial services 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.

THL Credit, Inc. is a private equity and mezzanine firm specializing in mature, bridge, PIPES, industry consolidation, acquisition, recapitalization, change of control transactions, and growth capital investments in both sponsored and unsponsored middle-market companies. The company has a P/E ratio of 11.25.

TheStreet Ratings rates THL Credit as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, expanding profit margins 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 THL Credit Ratings Report now.

Service Corporation International

Owners of Service Corporation International (NYSE: SCI) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $17.65 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Service Corporation International has been 1.1 million shares per day over the past 30 days. Service Corporation International has a market cap of $3.8 billion and is part of the diversified services industry. Shares are up 30.3% 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.

Service Corporation International provides deathcare products and services in North America and Germany. The company operates through two segments: Funeral and Cemetery. The company has a P/E ratio of 23.67.

TheStreet Ratings rates Service Corporation International 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, good cash flow from operations and solid stock price performance. 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 Service Corporation International Ratings Report now.

RenaissanceRe Holdings

Owners of RenaissanceRe Holdings (NYSE: RNR) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $86.03 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for RenaissanceRe Holdings has been 481,700 shares per day over the past 30 days. RenaissanceRe Holdings has a market cap of $3.8 billion and is part of the insurance industry. Shares are up 6.2% 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.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The company has a P/E ratio of 7.44.

TheStreet Ratings rates RenaissanceRe Holdings as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 RenaissanceRe Holdings Ratings Report now.

Computer Sciences Corporation

Owners of Computer Sciences Corporation (NYSE: CSC) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $45.43 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Computer Sciences Corporation has been 1.6 million shares per day over the past 30 days. Computer Sciences Corporation has a market cap of $7.0 billion and is part of the computer software & services industry. Shares are up 16.7% 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.

Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises. The company has a P/E ratio of 14.61.

TheStreet Ratings rates Computer Sciences Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Computer Sciences Corporation Ratings Report now.

Regions Financial Corporation

Owners of Regions Financial Corporation (NYSE: RF) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $9.28 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Regions Financial Corporation has been 14.6 million shares per day over the past 30 days. Regions Financial Corporation has a market cap of $13.0 billion and is part of the banking industry. Shares are up 31.3% 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.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. The company has a P/E ratio of 10.84.

TheStreet Ratings rates Regions Financial Corporation 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, good cash flow from operations and expanding profit margins. 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 Regions Financial Corporation 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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