5 Stocks Going Ex-Dividend Tomorrow: DMLP, GGG, SI, CVS, CAT

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, July 18, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 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:

Dorchester Minerals L.P

Owners of Dorchester Minerals L.P (NASDAQ: DMLP) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $25.14 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for Dorchester Minerals L.P has been 44,400 shares per day over the past 30 days. Dorchester Minerals L.P has a market cap of $770.0 million and is part of the financial services industry. Shares are up 23.5% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing crude oil and natural gas royalty, net profits, and leasehold interests in 574 counties and parishes in 25 states. The company owns royalty properties and net profits interests. The company has a P/E ratio of 20.74.

TheStreet Ratings rates Dorchester Minerals L.P 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, expanding profit margins, notable return on equity, increase in stock price during the past year 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 Dorchester Minerals L.P Ratings Report now.

Graco Incorporated

Owners of Graco Incorporated (NYSE: GGG) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $67.84 as of 9:32 a.m. ET, the dividend yield is 1.5%.

The average volume for Graco Incorporated has been 229,000 shares per day over the past 30 days. Graco Incorporated has a market cap of $4.2 billion and is part of the industrial industry. Shares are up 31.3% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Graco Inc. designs, manufactures, and markets systems and equipment to pump, meter, mix, and dispense various fluids and coatings worldwide. It operates in three segments: Industrial, Contractor, and Lubrication. The company has a P/E ratio of 25.35.

TheStreet Ratings rates Graco Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Graco Incorporated Ratings Report now.

Siemens

At a price of $109.60 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for Siemens has been 384,500 shares per day over the past 30 days. Siemens has a market cap of $90.9 billion and is part of the industrial industry. Shares are down 0.9% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. The company has a P/E ratio of 32.13.

TheStreet Ratings rates Siemens as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Siemens Ratings Report now.

CVS Caremark

Owners of CVS Caremark (NYSE: CVS) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $60.98 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for CVS Caremark has been 4.9 million shares per day over the past 30 days. CVS Caremark has a market cap of $74.3 billion and is part of the retail industry. Shares are up 25.9% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

CVS Caremark Corporation, together with its subsidiaries, provides integrated pharmacy health care services in the United States. The company has a P/E ratio of 18.89.

TheStreet Ratings rates CVS Caremark as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CVS Caremark Ratings Report now.

Caterpillar

Owners of Caterpillar (NYSE: CAT) shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $88.95 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for Caterpillar has been 6.5 million shares per day over the past 30 days. Caterpillar has a market cap of $57.5 billion and is part of the industrial industry. Shares are down 1.6% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company has a P/E ratio of 11.78.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, 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 Caterpillar 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.

null

More from Markets

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

Get to Know Stacey Cunningham, the NYSE's First Female Chief in 226 Years

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know