Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: BTE, BPO, FDS, EL, TWX

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. 28, 2013, 70 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Baytex Energy

Owners of Baytex Energy (NYSE: BTE) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $39.35 as of 9:34 a.m. ET, the dividend yield is 6.5%.

The average volume for Baytex Energy has been 166,700 shares per day over the past 30 days. Baytex Energy has a market cap of $4.9 billion and is part of the energy industry. Shares are down 8.5% year to date as of the close of trading on Monday.

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

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin; and the Williston Basin in the United States. The company offers heavy oil, light oil, and natural gas liquids. The company has a P/E ratio of 50.08.

TheStreet Ratings rates Baytex Energy as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income. You can view the full Baytex Energy Ratings Report now.

Brookfield Office Properties

Owners of Brookfield Office Properties (NYSE: BPO) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $16.10 as of 9:36 a.m. ET, the dividend yield is 3.4%.

The average volume for Brookfield Office Properties has been 1.2 million shares per day over the past 30 days. Brookfield Office Properties has a market cap of $8.3 billion and is part of the real estate industry. Shares are down 3.3% year to date as of the close of trading on Monday.

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

Brookfield Properties Corporation is a publicly owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties. It also provides ancillary real estate service businesses, such as tenant service and amenities. The company has a P/E ratio of 6.61.

TheStreet Ratings rates Brookfield Office Properties as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Brookfield Office Properties Ratings Report now.

FactSet Research Systems

Owners of FactSet Research Systems (NYSE: FDS) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $107.83 as of 9:33 a.m. ET, the dividend yield is 1.3%.

The average volume for FactSet Research Systems has been 387,700 shares per day over the past 30 days. FactSet Research Systems has a market cap of $4.6 billion and is part of the computer software & services industry. Shares are up 20.6% year to date as of the close of trading on Monday.

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

FactSet Research Systems Inc. provides integrated financial information and analytical applications to investment community worldwide. The company has a P/E ratio of 24.29.

TheStreet Ratings rates FactSet Research 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, growth in earnings per share and good cash flow from operations. 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 FactSet Research Systems Ratings Report now.

Estee Lauder Cos

Owners of Estee Lauder Cos (NYSE: EL) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $65.96 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for Estee Lauder Cos has been 1.8 million shares per day over the past 30 days. Estee Lauder Cos has a market cap of $16.3 billion and is part of the consumer non-durables industry. Shares are up 13.8% year to date as of the close of trading on Monday.

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

The Estee Lauder Companies Inc. engages in the manufacture, marketing, and sale of skin care, makeup, fragrance, and hair care products worldwide. The company has a P/E ratio of 26.41.

TheStreet Ratings rates Estee Lauder Cos 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, compelling growth in net income 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 Estee Lauder Cos Ratings Report now.

Time Warner

Owners of Time Warner (NYSE: TWX) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $61.54 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Time Warner has been 4.5 million shares per day over the past 30 days. Time Warner has a market cap of $57.4 billion and is part of the media industry. Shares are up 29.8% year to date as of the close of trading on Monday.

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

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. The Networks segment consists of Turner Broadcasting System, Inc. and Home Box Office, Inc. The company has a P/E ratio of 16.95.

TheStreet Ratings rates Time Warner 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Time Warner 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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