5 Stocks Going Ex-Dividend Tomorrow: BGB, AL, DPS, AMT, MRK

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 13, 2013, 22 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 12.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Blackstone / GSO Strategic Credit Fund

Owners of Blackstone / GSO Strategic Credit Fund (NYSE: BGB) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $19.13 as of 9:29 a.m. ET, the dividend yield is 7.2%.

The average volume for Blackstone / GSO Strategic Credit Fund has been 146,000 shares per day over the past 30 days. Blackstone / GSO Strategic Credit Fund has a market cap of $865.1 million and is part of the financial services industry. Shares are up 2.1% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

You can view the full Blackstone / GSO Strategic Credit Fund Ratings Report now.

Air Lease Corp Class A

Owners of Air Lease Corp Class A (NYSE: AL) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $27.41 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for Air Lease Corp Class A has been 549,300 shares per day over the past 30 days. Air Lease Corp Class A has a market cap of $2.7 billion and is part of the diversified services industry. Shares are up 27.3% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Air Lease Corporation engages in the purchase and leasing of commercial aircraft to airlines worldwide. The company also provides fleet management and remarketing services. The company has a P/E ratio of 19.71.

TheStreet Ratings rates Air Lease Corp Class A as a sell. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures. You can view the full Air Lease Corp Class A Ratings Report now.

Dr Pepper Snapple Group

Owners of Dr Pepper Snapple Group (NYSE: DPS) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $47.02 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Dr Pepper Snapple Group has been 1.4 million shares per day over the past 30 days. Dr Pepper Snapple Group has a market cap of $9.6 billion and is part of the food & beverage industry. Shares are up 5.6% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. The company has a P/E ratio of 15.74.

TheStreet Ratings rates Dr Pepper Snapple Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, growth in earnings per share and expanding profit margins. 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 Dr Pepper Snapple Group Ratings Report now.

American Tower

Owners of American Tower (NYSE: AMT) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $75.99 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for American Tower has been 2.2 million shares per day over the past 30 days. American Tower has a market cap of $30.2 billion and is part of the real estate industry. Shares are down 1.9% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. The company has a P/E ratio of 51.66.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, 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 American Tower Ratings Report now.

Merck

Owners of Merck (NYSE: MRK) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $47.88 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Merck has been 18.2 million shares per day over the past 30 days. Merck has a market cap of $146.3 billion and is part of the drugs industry. Shares are up 16.2% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products worldwide. The company has a P/E ratio of 24.72.

TheStreet Ratings rates Merck 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, good cash flow from operations, expanding profit margins 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 Merck 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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