4 Stocks Going Ex-Dividend Tomorrow: AWH, POR, CYS, IRM

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 21, 2013, 4 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 2.1% to 13%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Allied World Assurance Company Holdings

Owners of Allied World Assurance Company Holdings (NYSE: AWH) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $91.48 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Allied World Assurance Company Holdings has been 172,100 shares per day over the past 30 days. Allied World Assurance Company Holdings has a market cap of $3.2 billion and is part of the insurance industry. Shares are up 17% year to date as of the close of trading on Wednesday.

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

Allied World Assurance Company Holdings, AG, through its subsidiaries, provides property and casualty insurance and reinsurance solutions in Bermuda, the United States, Europe, Hong Kong, Labuan, and Singapore. The company operates through three segments: U.S. The company has a P/E ratio of 7.70.

TheStreet Ratings rates Allied World Assurance Company Holdings as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. 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 Allied World Assurance Company Holdings Ratings Report now.

Portland General Electric Company

Owners of Portland General Electric Company (NYSE: POR) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $30.01 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Portland General Electric Company has been 616,800 shares per day over the past 30 days. Portland General Electric Company has a market cap of $2.4 billion and is part of the utilities industry. Shares are up 11% year to date as of the close of trading on Wednesday.

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The company has a P/E ratio of 16.74.

You can view the full Portland General Electric Company Ratings Report now.

CYS Investments

Owners of CYS Investments (NYSE: CYS) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $9.93 as of 9:36 a.m. ET, the dividend yield is 13%.

The average volume for CYS Investments has been 2.8 million shares per day over the past 30 days. CYS Investments has a market cap of $1.8 billion and is part of the real estate industry. Shares are down 13.3% year to date as of the close of trading on Wednesday.

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

No company description available. The company has a P/E ratio of 5.58.

TheStreet Ratings rates CYS Investments as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. 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 CYS Investments Ratings Report now.

Iron Mountain

Owners of Iron Mountain (NYSE: IRM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $28.19 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for Iron Mountain has been 1.5 million shares per day over the past 30 days. Iron Mountain has a market cap of $5.5 billion and is part of the computer software & services industry. Shares are down 7.9% year to date as of the close of trading on Wednesday.

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

Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 49.71.

TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Iron Mountain 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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