Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: SXCP, TFX, ARR, IACI, CLF

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:

SunCoke Energy Partners

Owners of SunCoke Energy Partners (NYSE: SXCP) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $24.58 as of 9:35 a.m. ET, the dividend yield is 7.1%.

The average volume for SunCoke Energy Partners has been 56,800 shares per day over the past 30 days. SunCoke Energy Partners has a market cap of $372.2 million and is part of the metals & mining 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.

Teleflex

Owners of Teleflex (NYSE: TFX) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $77.18 as of 9:31 a.m. ET, the dividend yield is 1.8%.

The average volume for Teleflex has been 219,900 shares per day over the past 30 days. Teleflex has a market cap of $3.2 billion and is part of the health services industry. Shares are up 8.3% 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.

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures worldwide. The company has a P/E ratio of 25.91.

TheStreet Ratings rates Teleflex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Teleflex Ratings Report now.

ARMOUR Residential REIT

Owners of ARMOUR Residential REIT (NYSE: ARR) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $4.48 as of 9:36 a.m. ET, the dividend yield is 18.8%.

The average volume for ARMOUR Residential REIT has been 8.2 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $1.7 billion and is part of the real estate industry. Shares are down 31.1% 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.

ARMOUR Residential REIT, Inc. is a real estate investment trust launched and managed by ARMOUR Residential Management LLC. It invests in the real estate markets of the United States. The company has a P/E ratio of 1.96.

TheStreet Ratings rates ARMOUR Residential REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full ARMOUR Residential REIT Ratings Report now.

IAC/InterActiveCorp

Owners of IAC/InterActiveCorp (NASDAQ: IACI) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $50.12 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for IAC/InterActiveCorp has been 1.1 million shares per day over the past 30 days. IAC/InterActiveCorp has a market cap of $4.2 billion and is part of the internet industry. Shares are up 6.5% 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.

IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. The company has a P/E ratio of 22.26.

TheStreet Ratings rates IAC/InterActiveCorp as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, attractive valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full IAC/InterActiveCorp Ratings Report now.

Cliffs Natural Resources

Owners of Cliffs Natural Resources (NYSE: CLF) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $25.53 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Cliffs Natural Resources has been 9.4 million shares per day over the past 30 days. Cliffs Natural Resources has a market cap of $3.4 billion and is part of the metals & mining industry. Shares are down 36.9% 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.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal.

TheStreet Ratings rates Cliffs Natural Resources as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Cliffs Natural Resources 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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