5 Stocks Going Ex-Dividend Tomorrow: OAKS, OMX, ACC, GGB, TJX

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. 13, 2013, 45 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 20.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Five Oaks Investment

Owners of Five Oaks Investment (NYSE: OAKS) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $12.40 as of 9:35 a.m. ET, the dividend yield is 15.8%.

The average volume for Five Oaks Investment has been 68,600 shares per day over the past 30 days. Five Oaks Investment has a market cap of $89.9 million and is part of the real estate industry. Shares are unchanged year to date as of the close of trading on Friday.

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

OfficeMax

Owners of OfficeMax (NYSE: OMX) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $10.91 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for OfficeMax has been 1.3 million shares per day over the past 30 days. OfficeMax has a market cap of $963.8 million and is part of the specialty retail industry. Shares are up 12.6% year to date as of the close of trading on Friday.

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

OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The company has a P/E ratio of 2.18.

TheStreet Ratings rates OfficeMax as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full OfficeMax Ratings Report now.

American Campus Communities

Owners of American Campus Communities (NYSE: ACC) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $36.94 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for American Campus Communities has been 786,700 shares per day over the past 30 days. American Campus Communities has a market cap of $3.9 billion and is part of the real estate industry. Shares are down 19.5% year to date as of the close of trading on Friday.

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

American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The company has a P/E ratio of 79.06.

TheStreet Ratings rates American Campus Communities as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full American Campus Communities Ratings Report now.

Gerdau

Owners of Gerdau (NYSE: GGB) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $6.82 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Gerdau has been 6.5 million shares per day over the past 30 days. Gerdau has a market cap of $11.4 billion and is part of the metals & mining industry. Shares are down 24% year to date as of the close of trading on Friday.

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

Gerdau S.A. engages in the production and commercialization of steel products worldwide. The company has a P/E ratio of 5.54.

TheStreet Ratings rates Gerdau as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full Gerdau Ratings Report now.

TJX Companies

Owners of TJX Companies (NYSE: TJX) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $52.20 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for TJX Companies has been 3.2 million shares per day over the past 30 days. TJX Companies has a market cap of $38.0 billion and is part of the retail industry. Shares are up 23.4% year to date as of the close of trading on Friday.

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

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The company has a P/E ratio of 20.15.

TheStreet Ratings rates TJX Companies as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, notable return on equity 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 TJX 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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