Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Monday: DST, ATI, IVZ, MPC

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.

Monday, Aug. 19, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.6% to 8.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

DST Systems

Owners of DST Systems (NYSE: DST) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $71.77 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for DST Systems has been 266,600 shares per day over the past 30 days. DST Systems has a market cap of $3.2 billion and is part of the computer software & services industry. Shares are up 18.9% year to date as of the close of trading on Thursday.

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

DST Systems, Inc. provides information processing and software services and products. The company operates in two segments, Financial Services and Customer Communications. The company has a P/E ratio of 11.25.

TheStreet Ratings rates DST Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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 DST Systems Ratings Report now.

Allegheny Technologies

Owners of Allegheny Technologies (NYSE: ATI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $27.53 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Allegheny Technologies has been 1.7 million shares per day over the past 30 days. Allegheny Technologies has a market cap of $3.0 billion and is part of the industrial industry. Shares are down 9.1% year to date as of the close of trading on Thursday.

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

Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates in three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The company has a P/E ratio of 50.43.

TheStreet Ratings rates Allegheny Technologies 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 a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Allegheny Technologies Ratings Report now.

Invesco

Owners of Invesco (NYSE: IVZ) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $32.12 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Invesco has been 3.7 million shares per day over the past 30 days. Invesco has a market cap of $14.6 billion and is part of the financial services industry. Shares are up 23.1% year to date as of the close of trading on Thursday.

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

Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. The company has a P/E ratio of 19.46.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Invesco Ratings Report now.

Marathon Petroleum

Owners of Marathon Petroleum (NYSE: MPC) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $69.76 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Marathon Petroleum has been 3.0 million shares per day over the past 30 days. Marathon Petroleum has a market cap of $23.1 billion and is part of the energy industry. Shares are up 12.2% year to date as of the close of trading on Thursday.

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

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. It operates through Refining & Marketing, Speedway, and Pipeline Transportation segments. The company has a P/E ratio of 7.50.

TheStreet Ratings rates Marathon Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Marathon Petroleum 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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