4 Stocks Going Ex-Dividend Tomorrow: FNV, OGE, MMC, NTAP

Tomorrow, July 9, 2013, 8 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 8.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Franco-Nevada

Owners of Franco-Nevada (NYSE: FNV) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $34.33 as of 9:34 a.m. ET, the dividend yield is 2%.

The average volume for Franco-Nevada has been 534,100 shares per day over the past 30 days. Franco-Nevada has a market cap of $5.3 billion and is part of the metals & mining industry. Shares are down 40.3% 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.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. The company has a P/E ratio of 57.48.

TheStreet Ratings rates Franco-Nevada as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow. You can view the full Franco-Nevada Ratings Report now.

OGE Energy

Owners of OGE Energy (NYSE: OGE) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $34.48 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for OGE Energy has been 863,600 shares per day over the past 30 days. OGE Energy has a market cap of $6.8 billion and is part of the utilities industry. Shares are up 22% 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.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 19.92.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full OGE Energy Ratings Report now.

Marsh & McLennan Companies

Owners of Marsh & McLennan Companies (NYSE: MMC) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $41.08 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for Marsh & McLennan Companies has been 2.5 million shares per day over the past 30 days. Marsh & McLennan Companies has a market cap of $22.2 billion and is part of the insurance industry. Shares are up 18.8% 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.

Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions in the areas of risk, strategy, and human capital. It operates in two segments, Risk and Insurance Services, and Consulting. The company has a P/E ratio of 18.14.

TheStreet Ratings rates Marsh & McLennan Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Marsh & McLennan Companies Ratings Report now.

NetApp

Owners of NetApp (NASDAQ: NTAP) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $38.91 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for NetApp has been 8.7 million shares per day over the past 30 days. NetApp has a market cap of $13.8 billion and is part of the computer hardware industry. Shares are up 15.6% 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.

NetApp, Inc. engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage and data management software and hardware products and services. The company has a P/E ratio of 27.96.

TheStreet Ratings rates NetApp 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, reasonable valuation levels 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 NetApp 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.

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