Tomorrow's Ex-Dividends To Watch: CRT, BOH, EVR, ACI, ALL

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:

Cross Timbers Royalty

Owners of Cross Timbers Royalty (NYSE: CRT) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $29.30 as of 9:33 a.m. ET, the dividend yield is 9.7%.

The average volume for Cross Timbers Royalty has been 13,700 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $174.7 million and is part of the energy industry. Shares are up 7.8% 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.

Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unitholders. The company has a P/E ratio of 13.17.

TheStreet Ratings rates Cross Timbers Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself. You can view the full Cross Timbers Royalty Ratings Report now.

Bank of Hawaii Corporation

Owners of Bank of Hawaii Corporation (NYSE: BOH) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $54.00 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for Bank of Hawaii Corporation has been 273,700 shares per day over the past 30 days. Bank of Hawaii Corporation has a market cap of $2.4 billion and is part of the banking industry. Shares are up 24.4% 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.

Bank of Hawaii Corporation operates as the holding company for Bank of Hawaii that provides a range of financial services and products in Hawaii, Guam, and other Pacific Islands. The company has a P/E ratio of 15.79.

TheStreet Ratings rates Bank of Hawaii Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, notable return on equity 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 Bank of Hawaii Corporation Ratings Report now.

Evercore Partners

Owners of Evercore Partners (NYSE: EVR) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $45.37 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Evercore Partners has been 560,700 shares per day over the past 30 days. Evercore Partners has a market cap of $1.5 billion and is part of the financial services industry. Shares are up 54.6% 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.

Evercore Partners Inc. operates as an independent investment banking advisory firm. The company operates through two segments, Investment Banking and Investment Management. The company has a P/E ratio of 34.84.

TheStreet Ratings rates Evercore Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Evercore Partners Ratings Report now.

Arch Coal

Owners of Arch Coal (NYSE: ACI) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.68 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Arch Coal has been 9.8 million shares per day over the past 30 days. Arch Coal has a market cap of $997.5 million and is part of the metals & mining industry. Shares are down 34.2% 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.

Arch Coal, Inc. engages in the production and sale of steam and metallurgical coal from surface and underground mines located in the United States.

TheStreet Ratings rates Arch Coal as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. You can view the full Arch Coal Ratings Report now.

Allstate

Owners of Allstate (NYSE: ALL) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $48.15 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Allstate has been 3.1 million shares per day over the past 30 days. Allstate has a market cap of $22.8 billion and is part of the insurance industry. Shares are up 21.4% 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 Allstate Corporation, through its subsidiaries, engages in the provision of personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. The company has a P/E ratio of 10.53.

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