4 Stocks Going Ex-Dividend Tomorrow: AHL, CYT, SE, MET

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, Aug. 7, 2013, 32 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 7.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Aspen Insurance Holdings

Owners of Aspen Insurance Holdings (NYSE: AHL) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $37.03 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Aspen Insurance Holdings has been 601,700 shares per day over the past 30 days. Aspen Insurance Holdings has a market cap of $2.5 billion and is part of the insurance industry. Shares are up 15.6% 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.

Aspen Insurance Holdings Limited, through its subsidiaries, provides insurance and reinsurance solutions worldwide. It operates in two segments, Reinsurance and Insurance. The company has a P/E ratio of 12.92.

TheStreet Ratings rates Aspen Insurance Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Aspen Insurance Holdings Ratings Report now.

Cytec Industries

Owners of Cytec Industries (NYSE: CYT) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $79.48 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Cytec Industries has been 628,000 shares per day over the past 30 days. Cytec Industries has a market cap of $3.3 billion and is part of the chemicals industry. Shares are up 15.2% 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.

Cytec Industries Inc., a specialty chemicals and materials company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastic industries worldwide. The company has a P/E ratio of 27.84.

TheStreet Ratings rates Cytec Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cytec Industries Ratings Report now.

Spectra Energy

Owners of Spectra Energy (NYSE: SE) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $36.34 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Spectra Energy has been 4.0 million shares per day over the past 30 days. Spectra Energy has a market cap of $24.1 billion and is part of the energy industry. Shares are up 31.5% 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.

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. The company has a P/E ratio of 25.17.

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

MetLife

Owners of MetLife (NYSE: MET) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $50.36 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for MetLife has been 7.4 million shares per day over the past 30 days. MetLife has a market cap of $55.6 billion and is part of the insurance industry. Shares are up 53.4% 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.

MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Middle East, Asia, and Europe. The company has a P/E ratio of 120.95.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. 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 MetLife 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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