Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: PVD, CZZ, GXP, LPS, FBHS

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. 27, 2013, 5 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% 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 Tomorrow:

Administradora de Fondos de Pensiones-Provi

At a price of $91.00 as of 9:30 a.m. ET, the dividend yield is 8.5%.

The average volume for Administradora de Fondos de Pensiones-Provi has been 26,900 shares per day over the past 30 days. Administradora de Fondos de Pensiones-Provi has a market cap of $2.0 billion and is part of the financial services industry. Shares are down 11.8% year to date as of the close of trading on Friday.

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Administradora de Fondos de Pensiones Provida S.A. offers private pension fund administration and related services in the Republic of Chile. The company has a P/E ratio of 13.59.

TheStreet Ratings rates Administradora de Fondos de Pensiones-Provi as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins 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 Administradora de Fondos de Pensiones-Provi Ratings Report now.

Cosan

Owners of Cosan (NYSE: CZZ) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $13.96 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Cosan has been 1.1 million shares per day over the past 30 days. Cosan has a market cap of $2.4 billion and is part of the utilities industry. Shares are down 21.3% year to date as of the close of trading on Friday.

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The company has a P/E ratio of 11.08.

Great Plains Energy

Owners of Great Plains Energy (NYSE: GXP) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $22.55 as of 9:34 a.m. ET, the dividend yield is 3.9%.

The average volume for Great Plains Energy has been 960,900 shares per day over the past 30 days. Great Plains Energy has a market cap of $3.4 billion and is part of the utilities industry. Shares are up 10.3% 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.

Great Plains Energy Incorporated, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity. It also provides regulated steam services in St. Joseph, Missouri. The company has a P/E ratio of 14.09.

TheStreet Ratings rates Great Plains Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Great Plains Energy Ratings Report now.

Lender Processing Services

Owners of Lender Processing Services (NYSE: LPS) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $32.32 as of 9:32 a.m. ET, the dividend yield is 1.2%.

The average volume for Lender Processing Services has been 1.3 million shares per day over the past 30 days. Lender Processing Services has a market cap of $2.7 billion and is part of the diversified services industry. Shares are up 31.3% 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.

Lender Processing Services, Inc. provides integrated technology, data, and services to the mortgage lending industry in the United States. The company operates in two segments, Technology, Data, and Analytics; and Transaction Services. The company has a P/E ratio of 19.51.

TheStreet Ratings rates Lender Processing Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. 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 Lender Processing Services Ratings Report now.

Fortune Brands Home & Security

Owners of Fortune Brands Home & Security (NYSE: FBHS) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $37.75 as of 9:36 a.m. ET, the dividend yield is 1%.

The average volume for Fortune Brands Home & Security has been 1.4 million shares per day over the past 30 days. Fortune Brands Home & Security has a market cap of $6.4 billion and is part of the consumer durables industry. Shares are up 29.7% 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.

Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, and security and storage applications. The company has a P/E ratio of 41.67.

TheStreet Ratings rates Fortune Brands Home & Security as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Fortune Brands Home & Security 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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