Ex-Dividends To Watch: 4 Stocks Going Ex-Dividend Tomorrow: WWD, QEP, MAC, HON

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. 16, 2013, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 9.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Woodward

Owners of Woodward (NASDAQ: WWD) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $41.28 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Woodward has been 351,300 shares per day over the past 30 days. Woodward has a market cap of $2.9 billion and is part of the industrial industry. Shares are up 10.1% year to date as of the close of trading on Wednesday.

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

Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace and energy markets worldwide. The company has a P/E ratio of 21.29.

TheStreet Ratings rates Woodward 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Woodward Ratings Report now.

QEP Resources

Owners of QEP Resources (NYSE: QEP) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $28.86 as of 9:36 a.m. ET, the dividend yield is 0.3%.

The average volume for QEP Resources has been 1.4 million shares per day over the past 30 days. QEP Resources has a market cap of $5.2 billion and is part of the energy industry. Shares are down 3.9% year to date as of the close of trading on Wednesday.

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

QEP Resources, Inc., through its subsidiaries, operates as an independent oil and natural gas exploration and production company. The company has a P/E ratio of 35.38.

TheStreet Ratings rates QEP Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income and increase in stock price during the past year. 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 QEP Resources Ratings Report now.

Macerich Company

Owners of Macerich Company (NYSE: MAC) shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $58.55 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Macerich Company has been 950,400 shares per day over the past 30 days. Macerich Company has a market cap of $8.5 billion and is part of the real estate industry. Shares are up 2.9% year to date as of the close of trading on Wednesday.

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

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The company has a P/E ratio of 24.95.

TheStreet Ratings rates Macerich Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Macerich Company Ratings Report now.

Honeywell International

Owners of Honeywell International (NYSE: HON) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $82.55 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Honeywell International has been 2.9 million shares per day over the past 30 days. Honeywell International has a market cap of $65.7 billion and is part of the industrial industry. Shares are up 31.3% year to date as of the close of trading on Wednesday.

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

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company has a P/E ratio of 20.97.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Honeywell International 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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