5 Stocks Going Ex-Dividend Tomorrow: RAS, RPM, SAN, POT, ORCL

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:

Rait Financial

Owners of Rait Financial (NYSE: RAS) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $7.51 as of 9:35 a.m. ET, the dividend yield is 6.8%.

The average volume for Rait Financial has been 793,500 shares per day over the past 30 days. Rait Financial has a market cap of $531.7 million and is part of the real estate industry. Shares are up 34.5% 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.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate.

TheStreet Ratings rates Rait Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Rait Financial Ratings Report now.

RPM International

Owners of RPM International (NYSE: RPM) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $33.23 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for RPM International has been 494,000 shares per day over the past 30 days. RPM International has a market cap of $4.3 billion and is part of the chemicals industry. Shares are up 12.1% 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.

RPM International Inc. manufactures and sells specialty chemical products to industrial and consumer markets in the United States and internationally. The company has a P/E ratio of 37.22.

TheStreet Ratings rates RPM International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins 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 RPM International Ratings Report now.

Banco Santander

Owners of Banco Santander (NYSE: SAN) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $6.71 as of 9:35 a.m. ET, the dividend yield is 9.4%.

The average volume for Banco Santander has been 6.9 million shares per day over the past 30 days. Banco Santander has a market cap of $70.5 billion and is part of the banking industry. Shares are down 18% 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.

Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile.

TheStreet Ratings rates Banco Santander as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and deteriorating net income. You can view the full Banco Santander Ratings Report now.

Potash Corporation of Saskatchewan

Owners of Potash Corporation of Saskatchewan (NYSE: POT) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $39.02 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for Potash Corporation of Saskatchewan has been 4.5 million shares per day over the past 30 days. Potash Corporation of Saskatchewan has a market cap of $33.1 billion and is part of the chemicals industry. Shares are down 5.3% 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.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. The company has a P/E ratio of 15.65.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Potash Corporation of Saskatchewan Ratings Report now.

Oracle Corporation

Owners of Oracle Corporation (NASDAQ: ORCL) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $31.35 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Oracle Corporation has been 27.3 million shares per day over the past 30 days. Oracle Corporation has a market cap of $144.4 billion and is part of the computer software & services industry. Shares are down 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.

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. The company has a P/E ratio of 13.80.

TheStreet Ratings rates Oracle Corporation 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, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Oracle 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.
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