3 Stocks Going Ex-Dividend Monday: LAND, CINF, TUP

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.

Monday, June 17, 2013, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 2.3% to 8.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Gladstone Land

Owners of Gladstone Land (NASDAQ: LAND) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $16.65 as of 9:32 a.m. ET, the dividend yield is 8.8%.

The average volume for Gladstone Land has been 30,000 shares per day over the past 30 days. Gladstone Land has a market cap of $106.6 million and is part of the real estate industry. Shares are unchanged year to date as of the close of trading on Thursday.

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The company has a P/E ratio of 96.06.

You can view the full Gladstone Land Ratings Report now.

Cincinnati Financial Corporation

Owners of Cincinnati Financial Corporation (NASDAQ: CINF) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $46.31 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Cincinnati Financial Corporation has been 690,500 shares per day over the past 30 days. Cincinnati Financial Corporation has a market cap of $7.5 billion and is part of the insurance industry. Shares are up 16.5% year to date as of the close of trading on Thursday.

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Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. The company has a P/E ratio of 15.32.

TheStreet Ratings rates Cincinnati Financial Corporation 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 reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cincinnati Financial Corporation Ratings Report now.

Tupperware Brands Corporation

Owners of Tupperware Brands Corporation (NYSE: TUP) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $80.85 as of 9:35 a.m. ET, the dividend yield is 3.1%.

The average volume for Tupperware Brands Corporation has been 511,900 shares per day over the past 30 days. Tupperware Brands Corporation has a market cap of $4.2 billion and is part of the consumer non-durables industry. Shares are up 26.2% year to date as of the close of trading on Thursday.

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Tupperware Brands Corporation operates as a direct seller of various products across a range of brands and categories through an independent sales force worldwide. The company has a P/E ratio of 22.96.

TheStreet Ratings rates Tupperware Brands Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, good cash flow from operations 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 Tupperware Brands 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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