5 With Upcoming Ex-Dividend Dates: SBR, FSC, CSL, EGN, IP

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:

Sabine Royalty

Owners of Sabine Royalty (NYSE: SBR) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $53.64 as of 9:35 a.m. ET, the dividend yield is 10.1%.

The average volume for Sabine Royalty has been 15,700 shares per day over the past 30 days. Sabine Royalty has a market cap of $777.7 million and is part of the financial services industry. Shares are up 34.7% year to date as of the close of trading on Friday.

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Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. The company has a P/E ratio of 14.73.

TheStreet Ratings rates Sabine Royalty 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, increase in net income, 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 Sabine Royalty Ratings Report now.

Fifth Street Finance Corporation

Owners of Fifth Street Finance Corporation (NASDAQ: FSC) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $10.77 as of 9:36 a.m. ET, the dividend yield is 10.6%.

The average volume for Fifth Street Finance Corporation has been 1.2 million shares per day over the past 30 days. Fifth Street Finance Corporation has a market cap of $1.3 billion and is part of the financial services industry. Shares are up 3.9% 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 company has a P/E ratio of 10.12.

Carlisle Companies

Owners of Carlisle Companies (NYSE: CSL) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $68.02 as of 9:34 a.m. ET, the dividend yield is 1.3%.

The average volume for Carlisle Companies has been 383,100 shares per day over the past 30 days. Carlisle Companies has a market cap of $4.3 billion and is part of the consumer non-durables industry. Shares are up 16.2% 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.

Carlisle Companies Incorporated operates as a diversified manufacturing company in the United States and internationally. The company has a P/E ratio of 24.23.

TheStreet Ratings rates Carlisle 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Carlisle Companies Ratings Report now.

Energen

Owners of Energen (NYSE: EGN) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $67.75 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Energen has been 645,200 shares per day over the past 30 days. Energen has a market cap of $4.8 billion and is part of the energy industry. Shares are up 51.1% 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.

Energen Corporation, an energy holding company, engages in the development, acquisition, exploration, and production of oil, natural gas, and natural gas liquids in the continental United States. The company has a P/E ratio of 23.50.

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

International Paper

Owners of International Paper (NYSE: IP) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $47.80 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for International Paper has been 3.4 million shares per day over the past 30 days. International Paper has a market cap of $21.3 billion and is part of the consumer non-durables industry. Shares are up 20.5% 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.

International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and North Africa. The company has a P/E ratio of 21.81.

TheStreet Ratings rates International Paper as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, growth in earnings per share and notable return on equity. 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 International Paper 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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