5 Stocks Going Ex-Dividend Tomorrow: CRT, RSO, DEI, PWE, SRE

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:

Cross Timbers Royalty

Owners of Cross Timbers Royalty (NYSE: CRT) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $27.06 as of 9:34 a.m. ET, the dividend yield is 9%.

The average volume for Cross Timbers Royalty has been 16,400 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $160.2 million and is part of the energy industry. Shares are down 1% year to date as of the close of trading on Monday.

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Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unitholders. The company has a P/E ratio of 12.08.

TheStreet Ratings rates Cross Timbers Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. 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 a generally disappointing performance in the stock itself. You can view the full Cross Timbers Royalty Ratings Report now.

Resource Capital Corporation

Owners of Resource Capital Corporation (NYSE: RSO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $6.19 as of 9:35 a.m. ET, the dividend yield is 12.9%.

The average volume for Resource Capital Corporation has been 1.7 million shares per day over the past 30 days. Resource Capital Corporation has a market cap of $787.3 million and is part of the real estate industry. Shares are up 9.6% 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.

Resource Capital Corp., a specialty finance company, purchases and manages a diversified portfolio of commercial real estate-related assets and commercial finance assets in the United States. The company has a P/E ratio of 9.69.

TheStreet Ratings rates Resource Capital Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full Resource Capital Corporation Ratings Report now.

Douglas Emmett

Owners of Douglas Emmett (NYSE: DEI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $24.28 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Douglas Emmett has been 796,100 shares per day over the past 30 days. Douglas Emmett has a market cap of $3.4 billion and is part of the real estate industry. Shares are up 3.4% year to date as of the close of trading on Monday.

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Douglas Emmett, Inc., a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. As of December 31, 2007, the company's office portfolio consisted of 48 properties and multifamily portfolio consisted of 9 properties. The company has a P/E ratio of 120.45.

TheStreet Ratings rates Douglas Emmett as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Douglas Emmett Ratings Report now.

Penn West Petroleum

Owners of Penn West Petroleum (NYSE: PWE) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $10.86 as of 9:35 a.m. ET, the dividend yield is 9.7%.

The average volume for Penn West Petroleum has been 3.3 million shares per day over the past 30 days. Penn West Petroleum has a market cap of $5.4 billion and is part of the energy industry. Shares are down 0.8% 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.

Penn West Petroleum Ltd., an exploration and production company, engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in western Canada. The company has a P/E ratio of 221.40.

TheStreet Ratings rates Penn West Petroleum as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, feeble growth in its earnings per share, deteriorating net income and disappointing return on equity. You can view the full Penn West Petroleum Ratings Report now.

Sempra Energy

Owners of Sempra Energy (NYSE: SRE) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $80.29 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Sempra Energy has been 1.3 million shares per day over the past 30 days. Sempra Energy has a market cap of $19.4 billion and is part of the utilities industry. Shares are up 13.1% 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.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. The company has a P/E ratio of 24.64.

TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sempra Energy 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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