5 Stocks Going Ex-Dividend Tomorrow: SJT, CSG, TRP, FMC, ITW

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:

San Juan Basin Royalty

Owners of San Juan Basin Royalty (NYSE: SJT) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $15.40 as of 9:35 a.m. ET, the dividend yield is 6.2%.

The average volume for San Juan Basin Royalty has been 138,400 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $722.4 million and is part of the energy industry. Shares are up 15.7% 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.

San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 32.29.

TheStreet Ratings rates San Juan Basin 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 increase in stock price during the past year. 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 premium valuation. You can view the full San Juan Basin Royalty Ratings Report now.

Chambers Street Properties

Owners of Chambers Street Properties (NYSE: CSG) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $9.23 as of 9:35 a.m. ET, the dividend yield is 5.6%.

The average volume for Chambers Street Properties has been 1.5 million shares per day over the past 30 days. Chambers Street Properties has a market cap of $0 and is part of the real estate industry. Shares are unchanged 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.

You can view the full Chambers Street Properties Ratings Report now.

TransCanada

Owners of TransCanada (NYSE: TRP) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $42.90 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for TransCanada has been 561,900 shares per day over the past 30 days. TransCanada has a market cap of $31.1 billion and is part of the utilities industry. Shares are down 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.

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The company has a P/E ratio of 22.70.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. 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 TransCanada Ratings Report now.

FMC Corporation

Owners of FMC Corporation (NYSE: FMC) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $62.17 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for FMC Corporation has been 890,000 shares per day over the past 30 days. FMC Corporation has a market cap of $8.5 billion and is part of the chemicals industry. Shares are up 5.5% 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.

FMC Corporation, a diversified chemical company, provides solutions and products for agricultural, consumer, and industrial markets. It operates in three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. The company has a P/E ratio of 18.96.

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

Illinois Tool Works

Owners of Illinois Tool Works (NYSE: ITW) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $67.72 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Illinois Tool Works has been 2.2 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $30.8 billion and is part of the industrial industry. Shares are up 10.4% 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.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. The company has a P/E ratio of 12.84.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Illinois Tool Works 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.

null

More from Markets

Economist Perspective: Brexit Endgame in Sight?

Economist Perspective: Brexit Endgame in Sight?

Flashback Friday: Johnson & Johnson Hits Take Historic Plunge

Flashback Friday: Johnson & Johnson Hits Take Historic Plunge

Dow, S&P, Nasdaq Are All in Correction Territory Following Stock Selloff

Dow, S&P, Nasdaq Are All in Correction Territory Following Stock Selloff

Procter & Gamble Helps Lead Dow Jones After Upgrade From Morgan Stanley

Procter & Gamble Helps Lead Dow Jones After Upgrade From Morgan Stanley

5 Highly Anticipated Tech IPOs to Watch in 2019

5 Highly Anticipated Tech IPOs to Watch in 2019