5 Stocks Going Ex-Dividend Tomorrow: DX, CM, VMI, AUY, DHR

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:

Dynex Capital

Owners of Dynex Capital (NYSE: DX) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $10.19 as of 9:35 a.m. ET, the dividend yield is 11.4%.

The average volume for Dynex Capital has been 494,800 shares per day over the past 30 days. Dynex Capital has a market cap of $560.9 million and is part of the real estate industry. Shares are up 7.1% 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.

Dynex Capital, Inc., a mortgage real estate investment trust (REIT), invests in mortgage assets in the United States. The company has a P/E ratio of 7.51.

TheStreet Ratings rates Dynex Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Dynex Capital Ratings Report now.

Canadian Imperial Bank of Commerce

Owners of Canadian Imperial Bank of Commerce (NYSE: CM) shares as of market close today will be eligible for a dividend of 93 cents per share. At a price of $71.93 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for Canadian Imperial Bank of Commerce has been 224,300 shares per day over the past 30 days. Canadian Imperial Bank of Commerce has a market cap of $28.8 billion and is part of the banking industry. Shares are down 10.7% 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.

Canadian Imperial Bank of Commerce provides various financial products and services to individual, small business, commercial, corporate, and institutional customers in Canada and internationally. The company has a P/E ratio of 9.01.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full Canadian Imperial Bank of Commerce Ratings Report now.

Valmont Industries

Owners of Valmont Industries (NYSE: VMI) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $138.18 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Valmont Industries has been 188,600 shares per day over the past 30 days. Valmont Industries has a market cap of $3.7 billion and is part of the industrial industry. Shares are down 0.1% 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.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. The company has a P/E ratio of 14.23.

TheStreet Ratings rates Valmont Industries 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, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Valmont Industries Ratings Report now.

Yamana Gold

Owners of Yamana Gold (NYSE: AUY) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.12 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Yamana Gold has been 7.9 million shares per day over the past 30 days. Yamana Gold has a market cap of $7.1 billion and is part of the metals & mining industry. Shares are down 47.5% 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.

Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company has a P/E ratio of 18.98.

TheStreet Ratings rates Yamana Gold as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and weak operating cash flow. You can view the full Yamana Gold Ratings Report now.

Danaher Corporation

Owners of Danaher Corporation (NYSE: DHR) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $62.12 as of 9:36 a.m. ET, the dividend yield is 0.2%.

The average volume for Danaher Corporation has been 3.0 million shares per day over the past 30 days. Danaher Corporation has a market cap of $43.0 billion and is part of the industrial industry. Shares are up 10.3% 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.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. The company has a P/E ratio of 17.85.

TheStreet Ratings rates Danaher 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, solid stock price performance, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Danaher Corporation 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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