4 Stocks Going Ex-Dividend Tomorrow: JE, BR, HBAN, HES

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:

Just Energy Group

Owners of Just Energy Group (NYSE: JE) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $6.49 as of 9:36 a.m. ET, the dividend yield is 12.5%.

The average volume for Just Energy Group has been 763,400 shares per day over the past 30 days. Just Energy Group has a market cap of $930.3 million and is part of the utilities industry. Shares are down 32.4% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 1.81.

You can view the full Just Energy Group Ratings Report now.

Broadridge Financial Solutions

Owners of Broadridge Financial Solutions (NYSE: BR) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $26.74 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Broadridge Financial Solutions has been 790,300 shares per day over the past 30 days. Broadridge Financial Solutions has a market cap of $3.2 billion and is part of the computer software & services industry. Shares are up 16.6% year to date as of the close of trading on Tuesday.

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Broadridge Financial Solutions, Inc., together with its subsidiaries, provides technology solutions to the financial services industry in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 21.10.

TheStreet Ratings rates Broadridge Financial Solutions 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, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Broadridge Financial Solutions Ratings Report now.

Huntington

Owners of Huntington (NASDAQ: HBAN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.75 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Huntington has been 9.2 million shares per day over the past 30 days. Huntington has a market cap of $6.6 billion and is part of the banking industry. Shares are up 22.2% year to date as of the close of trading on Tuesday.

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Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 11.00.

TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Huntington Ratings Report now.

Hess

Owners of Hess (NYSE: HES) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $67.79 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Hess has been 3.2 million shares per day over the past 30 days. Hess has a market cap of $23.6 billion and is part of the energy industry. Shares are up 27.1% year to date as of the close of trading on Tuesday.

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Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). The company has a P/E ratio of 8.80.

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