5 Stocks Going Ex-Dividend Tomorrow: PRA, CIB, IFF, IVR, PM

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 25, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 14.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Proassurance Corporation

Owners of Proassurance Corporation (NYSE: PRA) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $50.90 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Proassurance Corporation has been 235,700 shares per day over the past 30 days. Proassurance Corporation has a market cap of $3.2 billion and is part of the insurance industry. Shares are up 21.6% year to date as of the close of trading on Friday.

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

ProAssurance Corporation, through its subsidiaries, provides medical and other professional liability insurance products to individuals and institutions engaged in the delivery of healthcare in the United States. The company also offers legal professional liability insurance services. The company has a P/E ratio of 9.51.

TheStreet Ratings rates Proassurance Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, notable return on equity and attractive valuation levels. 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 Proassurance Corporation Ratings Report now.

BanColombia

Owners of BanColombia (NYSE: CIB) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $53.99 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for BanColombia has been 270,800 shares per day over the past 30 days. BanColombia has a market cap of $7.1 billion and is part of the banking industry. Shares are down 17.8% year to date as of the close of trading on Friday.

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

Bancolombia S.A., a full service financial institution, provides various banking products and services to individual and corporate customers. It operates in Banking Colombia, Banking El Salvador, Leasing, Trust, Investment, Brokerage, Off Shore, and All Other segments. The company has a P/E ratio of 11.21.

TheStreet Ratings rates BanColombia as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full BanColombia Ratings Report now.

International Flavors & Fragrances

Owners of International Flavors & Fragrances (NYSE: IFF) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $75.37 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for International Flavors & Fragrances has been 297,700 shares per day over the past 30 days. International Flavors & Fragrances has a market cap of $6.2 billion and is part of the chemicals industry. Shares are up 15.1% year to date as of the close of trading on Friday.

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

International Flavors & Fragrances Inc., together with its subsidiaries, creates, manufactures, and supplies flavor and fragrance products worldwide. The company operates in two segments, Flavors and Fragrances. The company has a P/E ratio of 23.90.

TheStreet Ratings rates International Flavors & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full International Flavors & Fragrances Ratings Report now.

Invesco Mortgage Capital

Owners of Invesco Mortgage Capital (NYSE: IVR) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $16.98 as of 9:36 a.m. ET, the dividend yield is 14.9%.

The average volume for Invesco Mortgage Capital has been 2.0 million shares per day over the past 30 days. Invesco Mortgage Capital has a market cap of $2.4 billion and is part of the real estate industry. Shares are down 10.2% year to date as of the close of trading on Friday.

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

Invesco Mortgage Capital Inc., a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities for which a U.S. The company has a P/E ratio of 6.20.

TheStreet Ratings rates Invesco Mortgage Capital as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Invesco Mortgage Capital Ratings Report now.

Philip Morris International

Owners of Philip Morris International (NYSE: PM) shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $86.34 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Philip Morris International has been 5.1 million shares per day over the past 30 days. Philip Morris International has a market cap of $141.7 billion and is part of the tobacco industry. Shares are up 4.6% year to date as of the close of trading on Friday.

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

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products. The company has a P/E ratio of 16.66.

TheStreet Ratings rates Philip Morris International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow. You can view the full Philip Morris International 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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