5 Stocks Going Ex-Dividend Tomorrow: VLY, UFS, ALB, CNQ, VOD

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:

Valley National Bancorp

Owners of Valley National Bancorp (NYSE: VLY) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $9.16 as of 9:35 a.m. ET, the dividend yield is 7.1%.

The average volume for Valley National Bancorp has been 1.1 million shares per day over the past 30 days. Valley National Bancorp has a market cap of $1.8 billion and is part of the banking industry. Shares are down 0.4% year to date as of the close of trading on Monday.

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Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and wealth management financial services. The company has a P/E ratio of 12.93.

TheStreet Ratings rates Valley National Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and weak operating cash flow. You can view the full Valley National Bancorp Ratings Report now.

Domtar

Owners of Domtar (NYSE: UFS) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $71.42 as of 9:35 a.m. ET, the dividend yield is 3.1%.

The average volume for Domtar has been 387,100 shares per day over the past 30 days. Domtar has a market cap of $2.4 billion and is part of the consumer non-durables industry. Shares are down 13.1% 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.

Domtar Corporation designs, manufactures, markets, and distributes communications papers, specialty and packaging papers, and adult incontinence products worldwide. It operates in three segments: Pulp and Paper, Distribution, and Personal Care. The company has a P/E ratio of 13.48.

TheStreet Ratings rates Domtar as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Domtar Ratings Report now.

Albemarle

Owners of Albemarle (NYSE: ALB) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $62.06 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Albemarle has been 748,000 shares per day over the past 30 days. Albemarle has a market cap of $5.6 billion and is part of the chemicals industry. Shares are up 3.3% 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.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 20.43.

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

Canadian Natural Resources

Owners of Canadian Natural Resources (NYSE: CNQ) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $28.73 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Canadian Natural Resources has been 2.8 million shares per day over the past 30 days. Canadian Natural Resources has a market cap of $31.8 billion and is part of the energy industry. Shares are up 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.

Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. The company has a P/E ratio of 19.44.

TheStreet Ratings rates Canadian Natural Resources as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Canadian Natural Resources Ratings Report now.

Vodafone Group

At a price of $29.72 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for Vodafone Group has been 10.3 million shares per day over the past 30 days. Vodafone Group has a market cap of $147.2 billion and is part of the telecommunications industry. Shares are up 17.7% 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.

The company has a P/E ratio of 8.04.

You can view the full Vodafone Group 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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