5 Stocks Going Ex-Dividend Monday: SIR, PIR, COO, CLX, LOW

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.

Monday, July 22, 2013, 5 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 6.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Select Income REIT

Owners of Select Income REIT (NYSE: SIR) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $27.39 as of 9:36 a.m. ET, the dividend yield is 6.3%.

The average volume for Select Income REIT has been 386,100 shares per day over the past 30 days. Select Income REIT has a market cap of $1.1 billion and is part of the real estate industry. Shares are up 12.4% year to date as of the close of trading on Thursday.

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

Select Income REIT is a real estate investment trust managed by Reit Management & Research LLC. The firm invests in the real estate markets of United States with a focus on Hawaii. The fund seeks to invest in office and industrial properties. Select Income REIT is domiciled in United States. The company has a P/E ratio of 16.72.

TheStreet Ratings rates Select Income REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Select Income REIT Ratings Report now.

Pier 1 Imports

Owners of Pier 1 Imports (NYSE: PIR) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $23.56 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Pier 1 Imports has been 1.4 million shares per day over the past 30 days. Pier 1 Imports has a market cap of $2.5 billion and is part of the retail industry. Shares are up 18.1% year to date as of the close of trading on Thursday.

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

Pier 1 Imports, Inc. operates as an importer and specialty retailer of imported decorative home furnishings and gifts. The company is also involved in e-commerce business. The company has a P/E ratio of 19.41.

TheStreet Ratings rates Pier 1 Imports as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 Pier 1 Imports Ratings Report now.

Cooper Companies

Owners of Cooper Companies (NYSE: COO) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $126.38 as of 9:30 a.m. ET, the dividend yield is 0%.

The average volume for Cooper Companies has been 332,400 shares per day over the past 30 days. Cooper Companies has a market cap of $6.1 billion and is part of the health services industry. Shares are up 36.9% year to date as of the close of trading on Thursday.

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

The Cooper Companies, Inc. operates as a medical device company worldwide. The company has a P/E ratio of 21.57.

TheStreet Ratings rates Cooper Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Cooper Companies Ratings Report now.

Clorox Company

Owners of Clorox Company (NYSE: CLX) shares as of market close today will be eligible for a dividend of 71 cents per share. At a price of $87.01 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for Clorox Company has been 940,800 shares per day over the past 30 days. Clorox Company has a market cap of $11.4 billion and is part of the consumer durables industry. Shares are up 18.8% year to date as of the close of trading on Thursday.

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

The Clorox Company manufactures and markets consumer and professional products worldwide. The company has a P/E ratio of 20.25.

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

Lowe's Companies

Owners of Lowe's Companies (NYSE: LOW) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $44.15 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Lowe's Companies has been 7.9 million shares per day over the past 30 days. Lowe's Companies has a market cap of $47.5 billion and is part of the retail industry. Shares are up 24.7% year to date as of the close of trading on Thursday.

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

Lowe’s Companies, Inc. operates as a home improvement retailer. It offers products for maintenance, repair, remodeling, and home decorating. The company has a P/E ratio of 25.29.

TheStreet Ratings rates Lowe's Companies as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, solid stock price performance, notable return on equity 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 Lowe's Companies 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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