5 Stocks Going Ex-Dividend Tomorrow: BTE, MOLX, DDS, SYK, DE

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 26, 2013, 94 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 17.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Baytex Energy

Owners of Baytex Energy (NYSE: BTE) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $35.40 as of 9:35 a.m. ET, the dividend yield is 7.2%.

The average volume for Baytex Energy has been 206,700 shares per day over the past 30 days. Baytex Energy has a market cap of $4.5 billion and is part of the energy industry. Shares are down 18.8% year to date as of the close of trading on Monday.

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

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin; and the Williston Basin in the United States. The company offers heavy oil, light oil, and natural gas liquids. The company has a P/E ratio of 20.03.

TheStreet Ratings rates Baytex Energy as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Baytex Energy Ratings Report now.

Molex

Owners of Molex (NASDAQ: MOLX) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $29.04 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for Molex has been 635,400 shares per day over the past 30 days. Molex has a market cap of $2.8 billion and is part of the electronics industry. Shares are up 6.4% year to date as of the close of trading on Monday.

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

Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide. The company has a P/E ratio of 20.06.

TheStreet Ratings rates Molex 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, increase in stock price during the past year, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Molex Ratings Report now.

Dillards

Owners of Dillards (NYSE: DDS) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $81.09 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Dillards has been 398,700 shares per day over the past 30 days. Dillards has a market cap of $3.4 billion and is part of the retail industry. Shares are down 4.3% year to date as of the close of trading on Monday.

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

Dillard's, Inc. operates as a fashion apparel, cosmetics, and home furnishing retailer in the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods. The company has a P/E ratio of 10.76.

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

Stryker Corporation

Owners of Stryker Corporation (NYSE: SYK) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $65.28 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Stryker Corporation has been 1.4 million shares per day over the past 30 days. Stryker Corporation has a market cap of $24.8 billion and is part of the health services industry. Shares are up 18.1% year to date as of the close of trading on Monday.

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

Stryker Corporation, a medical technology company, provides reconstructive, medical and surgical, and neurotechnology and spine products for doctors, hospitals, and other healthcare facilities. The company has a P/E ratio of 20.06.

TheStreet Ratings rates Stryker Corporation 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, good cash flow from operations, solid stock price performance 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 Stryker Corporation Ratings Report now.

Deere

Owners of Deere (NYSE: DE) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $81.76 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Deere has been 3.1 million shares per day over the past 30 days. Deere has a market cap of $32.0 billion and is part of the industrial industry. Shares are down 6.3% year to date as of the close of trading on Monday.

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

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. The company has a P/E ratio of 10.14.

TheStreet Ratings rates Deere 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, increase in stock price during the past year and good cash flow from operations. 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 Deere 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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