4 Stocks Going Ex-Dividend Tomorrow: PNY, KAR, MJN, GE

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 20, 2013, 8 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 9.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Piedmont Natural Gas Company

Owners of Piedmont Natural Gas Company (NYSE: PNY) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $34.75 as of 9:34 a.m. ET, the dividend yield is 3.6%.

The average volume for Piedmont Natural Gas Company has been 316,300 shares per day over the past 30 days. Piedmont Natural Gas Company has a market cap of $2.6 billion and is part of the utilities industry. Shares are up 11.1% 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.

Piedmont Natural Gas Company, Inc., an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in North Carolina, South Carolina, and Tennessee. The company has a P/E ratio of 18.88.

TheStreet Ratings rates Piedmont Natural Gas Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Piedmont Natural Gas Company Ratings Report now.

KAR Auction Services

Owners of KAR Auction Services (NYSE: KAR) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $23.36 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for KAR Auction Services has been 684,600 shares per day over the past 30 days. KAR Auction Services has a market cap of $3.2 billion and is part of the specialty retail industry. Shares are up 15.5% 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.

KAR Auction Services, Inc., together with its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The company has a P/E ratio of 33.41.

TheStreet Ratings rates KAR Auction Services 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. 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 KAR Auction Services Ratings Report now.

Mead Johnson Nutrition Company

Owners of Mead Johnson Nutrition Company (NYSE: MJN) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $83.15 as of 9:36 a.m. ET, the dividend yield is 1.6%.

The average volume for Mead Johnson Nutrition Company has been 1.4 million shares per day over the past 30 days. Mead Johnson Nutrition Company has a market cap of $16.8 billion and is part of the food & beverage industry. Shares are up 26.3% 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.

Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products. The company has a P/E ratio of 27.58.

TheStreet Ratings rates Mead Johnson Nutrition Company as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, good cash flow from operations, growth in earnings per share and revenue growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Mead Johnson Nutrition Company Ratings Report now.

General Electric

Owners of General Electric (NYSE: GE) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $24.21 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for General Electric has been 40.3 million shares per day over the past 30 days. General Electric has a market cap of $245.8 billion and is part of the industrial industry. Shares are up 15.9% 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.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 16.51.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. 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 General Electric 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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