4 Stocks Going Ex-Dividend Tomorrow: EME, MFA, ROP, YUM

Tomorrow, July 10, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 10.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

EMCOR Group

Owners of EMCOR Group (NYSE: EME) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $41.84 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for EMCOR Group has been 299,600 shares per day over the past 30 days. EMCOR Group has a market cap of $2.8 billion and is part of the materials & construction industry. Shares are up 19.5% year to date as of the close of trading on Monday.

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EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily to commercial, industrial, utility, and institutional customers in the United States, the United Kingdom, and internationally. The company has a P/E ratio of 18.86.

TheStreet Ratings rates EMCOR Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth 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 EMCOR Group Ratings Report now.

MFA Financial

Owners of MFA Financial (NYSE: MFA) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $8.27 as of 9:36 a.m. ET, the dividend yield is 10.8%.

The average volume for MFA Financial has been 3.4 million shares per day over the past 30 days. MFA Financial has a market cap of $3.0 billion and is part of the real estate industry. Shares are up 0.9% year to date as of the close of trading on Monday.

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MFA Financial, Inc., a real estate investment trust (REIT), invests in residential agency and non-agency mortgage-backed securities (MBS). The company has a P/E ratio of 10.09.

TheStreet Ratings rates MFA Financial as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full MFA Financial Ratings Report now.

Roper Industries

Owners of Roper Industries (NYSE: ROP) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $127.96 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for Roper Industries has been 533,400 shares per day over the past 30 days. Roper Industries has a market cap of $12.7 billion and is part of the industrial industry. Shares are up 13.8% year to date as of the close of trading on Monday.

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Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software. The company has a P/E ratio of 25.47.

TheStreet Ratings rates Roper Industries as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Roper Industries Ratings Report now.

Yum Brands

Owners of Yum Brands (NYSE: YUM) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $73.21 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Yum Brands has been 3.3 million shares per day over the past 30 days. Yum Brands has a market cap of $32.2 billion and is part of the leisure industry. Shares are up 9.2% year to date as of the close of trading on Monday.

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YUM! Brands, Inc., together with its subsidiaries, operates quick service restaurants in the United States and internationally. It operates in six segments: YUM Restaurants China, YUM Restaurants International, Taco Bell U.S., KFC U.S., Pizza Hut U.S., and YUM Restaurants India. The company has a P/E ratio of 22.82.

TheStreet Ratings rates Yum Brands as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Yum Brands 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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