Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: WHX, DLX, THI, FLIR, CVX

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Tomorrow, Aug. 15, 2013, 28 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 40%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Whiting USA Trust I

Owners of Whiting USA Trust I (NYSE: WHX) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $5.10 as of 9:36 a.m. ET, the dividend yield is 40%.

The average volume for Whiting USA Trust I has been 348,700 shares per day over the past 30 days. Whiting USA Trust I has a market cap of $74.0 million and is part of the energy industry. Shares are up 15.1% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 2.14.

Deluxe Corporation

Owners of Deluxe Corporation (NYSE: DLX) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $42.93 as of 9:33 a.m. ET, the dividend yield is 2.3%.

The average volume for Deluxe Corporation has been 345,200 shares per day over the past 30 days. Deluxe Corporation has a market cap of $2.2 billion and is part of the diversified services industry. Shares are up 32.9% year to date as of the close of trading on Tuesday.

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Deluxe Corporation, together with its subsidiaries, provides printed products, forms, and marketing solutions to small businesses and financial institutions primarily in the United States, Canada, Europe, and South America. The company has a P/E ratio of 12.35.

TheStreet Ratings rates Deluxe Corporation 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, increase in net income and attractive valuation levels. 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 Deluxe Corporation Ratings Report now.

Tim Hortons

Owners of Tim Hortons (NYSE: THI) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $59.33 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Tim Hortons has been 354,400 shares per day over the past 30 days. Tim Hortons has a market cap of $9.0 billion and is part of the leisure industry. Shares are up 21% year to date as of the close of trading on Tuesday.

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Tim Hortons Inc. engages in the development and franchising of quick service restaurants primarily in Canada and the United States. The company has a P/E ratio of 23.15.

TheStreet Ratings rates Tim Hortons 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, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Tim Hortons Ratings Report now.

FLIR Systems

Owners of FLIR Systems (NASDAQ: FLIR) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $33.08 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for FLIR Systems has been 1.3 million shares per day over the past 30 days. FLIR Systems has a market cap of $4.7 billion and is part of the aerospace/defense industry. Shares are up 48.7% year to date as of the close of trading on Tuesday.

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FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates in five segments: Thermal Vision & Measurement (TVM), Raymarine, Surveillance, Detection, and Integrated Systems. The company has a P/E ratio of 20.74.

TheStreet Ratings rates FLIR Systems 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, notable return on equity, solid stock price performance and growth in earnings per share. 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 FLIR Systems Ratings Report now.

Chevron

At a price of $122.44 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for Chevron has been 5.6 million shares per day over the past 30 days. Chevron has a market cap of $235.3 billion and is part of the energy industry. Shares are up 13.3% 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.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.87.

TheStreet Ratings rates Chevron 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, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Chevron 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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