Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: CLCT, DCI, GPN, LLTC, EMR

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. 14, 2013, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 18.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Collectors Universe

Owners of Collectors Universe (NASDAQ: CLCT) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $17.00 as of 9:35 a.m. ET, the dividend yield is 7.8%.

The average volume for Collectors Universe has been 57,600 shares per day over the past 30 days. Collectors Universe has a market cap of $142.0 million and is part of the diversified services industry. Shares are up 68.7% 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.

Collectors Universe, Inc. provides authentication and grading services to dealers and collectors of high-value coins, trading cards, event tickets, autographs, memorabilia, and stamps in the United States. The company has a P/E ratio of 21.44.

TheStreet Ratings rates Collectors Universe as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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 Collectors Universe Ratings Report now.

Donaldson Company

Owners of Donaldson Company (NYSE: DCI) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $37.32 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Donaldson Company has been 467,100 shares per day over the past 30 days. Donaldson Company has a market cap of $5.5 billion and is part of the industrial industry. Shares are up 12.2% 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.

Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts worldwide. The company operates in two segments, Engine Products and Industrial Products. The company has a P/E ratio of 22.61.

TheStreet Ratings rates Donaldson Company as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, increase in stock price during the past year 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 Donaldson Company Ratings Report now.

Global Payments

Owners of Global Payments (NYSE: GPN) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $47.98 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Global Payments has been 792,500 shares per day over the past 30 days. Global Payments has a market cap of $3.6 billion and is part of the diversified services industry. Shares are up 5.4% 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.

Global Payments Inc. The company has a P/E ratio of 17.29.

TheStreet Ratings rates Global Payments 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, reasonable valuation levels 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 Global Payments Ratings Report now.

Linear Technology

Owners of Linear Technology (NASDAQ: LLTC) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $40.31 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Linear Technology has been 1.9 million shares per day over the past 30 days. Linear Technology has a market cap of $9.3 billion and is part of the electronics industry. Shares are up 16.4% 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.

Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits (ICs) worldwide. The company has a P/E ratio of 20.06.

TheStreet Ratings rates Linear Technology as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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 Linear Technology Ratings Report now.

Emerson Electric

Owners of Emerson Electric (NYSE: EMR) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $62.36 as of 9:36 a.m. ET, the dividend yield is 2.6%.

The average volume for Emerson Electric has been 3.4 million shares per day over the past 30 days. Emerson Electric has a market cap of $44.2 billion and is part of the electronics industry. Shares are up 16.9% 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.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. The company has a P/E ratio of 30.34.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins 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 Emerson Electric 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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