5 Stocks Going Ex-Dividend Tomorrow: AB, WBS, CHD, VNO, AAPL

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. 8, 2013, 26 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 11.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

AllianceBernstein Holding L.P

Owners of AllianceBernstein Holding L.P (NYSE: AB) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $22.65 as of 9:34 a.m. ET, the dividend yield is 7.1%.

The average volume for AllianceBernstein Holding L.P has been 443,100 shares per day over the past 30 days. AllianceBernstein Holding L.P has a market cap of $2.4 billion and is part of the financial services industry. Shares are up 30.6% 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.

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. The company has a P/E ratio of 28.20.

TheStreet Ratings rates AllianceBernstein Holding L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. 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 AllianceBernstein Holding L.P Ratings Report now.

Webster Financial

Owners of Webster Financial (NYSE: WBS) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $27.24 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Webster Financial has been 836,200 shares per day over the past 30 days. Webster Financial has a market cap of $2.5 billion and is part of the banking industry. Shares are up 32.8% 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.

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses primarily in southern New England and Westchester County, New York. The company has a P/E ratio of 14.47.

TheStreet Ratings rates Webster Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Webster Financial Ratings Report now.

Church & Dwight Company

Owners of Church & Dwight Company (NYSE: CHD) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $62.43 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Church & Dwight Company has been 561,400 shares per day over the past 30 days. Church & Dwight Company has a market cap of $8.7 billion and is part of the consumer non-durables industry. Shares are up 17.1% 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.

Church & Dwight Co., Inc., together with its subsidiaries, develops, manufactures, and markets a range of household, personal care, and specialty products under various brand names in the United States and internationally. The company has a P/E ratio of 24.09.

TheStreet Ratings rates Church & Dwight Company 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, increase in net income, expanding profit margins 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 Church & Dwight Company Ratings Report now.

Vornado Realty

Owners of Vornado Realty (NYSE: VNO) shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $83.39 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Vornado Realty has been 1.0 million shares per day over the past 30 days. Vornado Realty has a market cap of $15.6 billion and is part of the real estate industry. Shares are up 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.

Vornado Realty Trust is a privately owned real estate investment trust. The trust engages in investment, ownership, and management of commercial real estate. It invests in the real estate markets of United States. The trust primarily invests in office, industrial and retail properties. The company has a P/E ratio of 67.98.

TheStreet Ratings rates Vornado Realty as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Vornado Realty Ratings Report now.

Apple

At a price of $465.14 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Apple has been 12.3 million shares per day over the past 30 days. Apple has a market cap of $426.5 billion and is part of the consumer durables industry. Shares are down 12.6% 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.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. The company has a P/E ratio of 11.70.

TheStreet Ratings rates Apple 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Apple 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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