Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: PGH, ZION, MXIM, NVDA, AGN

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. 20, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 11.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Pengrowth Energy

Owners of Pengrowth Energy (NYSE: PGH) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $5.70 as of 9:35 a.m. ET, the dividend yield is 8.1%.

The average volume for Pengrowth Energy has been 1.6 million shares per day over the past 30 days. Pengrowth Energy has a market cap of $3.0 billion and is part of the energy industry. Shares are up 14.9% 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.

Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Canada.

TheStreet Ratings rates Pengrowth Energy as a hold. 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Pengrowth Energy Ratings Report now.

Zions

Owners of Zions (NASDAQ: ZION) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $28.85 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Zions has been 2.2 million shares per day over the past 30 days. Zions has a market cap of $5.3 billion and is part of the banking industry. Shares are up 34.2% 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.

Zions Bancorporation, a financial holding company, provides banking and related services in the United States. The company has a P/E ratio of 22.09.

TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Zions Ratings Report now.

Maxim Integrated Products

Owners of Maxim Integrated Products (NASDAQ: MXIM) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $27.98 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for Maxim Integrated Products has been 3.4 million shares per day over the past 30 days. Maxim Integrated Products has a market cap of $7.9 billion and is part of the electronics industry. Shares are down 5.2% 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.

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. The company has a P/E ratio of 18.26.

TheStreet Ratings rates Maxim Integrated Products 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, growth in earnings per share and increase in net income. 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 Maxim Integrated Products Ratings Report now.

NVIDIA Corporation

Owners of NVIDIA Corporation (NASDAQ: NVDA) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $15.06 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for NVIDIA Corporation has been 8.9 million shares per day over the past 30 days. NVIDIA Corporation has a market cap of $8.7 billion and is part of the electronics industry. Shares are up 23.9% 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.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. The company has a P/E ratio of 17.19.

TheStreet Ratings rates NVIDIA Corporation 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, notable return on equity, reasonable valuation levels, expanding profit margins 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 NVIDIA Corporation Ratings Report now.

Allergan

Owners of Allergan (NYSE: AGN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $88.16 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Allergan has been 2.7 million shares per day over the past 30 days. Allergan has a market cap of $26.2 billion and is part of the drugs industry. Shares are down 4.1% 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.

Allergan, Inc. operates as a multi-specialty healthcare company primarily in the United States, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 22.36.

TheStreet Ratings rates Allergan 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, impressive record of earnings per share growth, good cash flow from operations 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 Allergan 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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