Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: FINL, FLO, SBGI, STI, TWC

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:

Finish Line

Owners of Finish Line (NASDAQ: FINL) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $21.00 as of 9:33 a.m. ET, the dividend yield is 1.3%.

The average volume for Finish Line has been 555,600 shares per day over the past 30 days. Finish Line has a market cap of $1.0 billion and is part of the specialty retail industry. Shares are up 11.8% 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 Finish Line, Inc., together with its subsidiaries, operates as a mall-based specialty retailer in the United States. It operates Finish Line stores that offer performance and athletic casual shoes, as well as apparel and accessories for men, women, and kids. The company has a P/E ratio of 16.94.

TheStreet Ratings rates Finish Line 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, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Finish Line Ratings Report now.

Flowers Foods

Owners of Flowers Foods (NYSE: FLO) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $21.34 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Flowers Foods has been 950,700 shares per day over the past 30 days. Flowers Foods has a market cap of $4.6 billion and is part of the food & beverage industry. Shares are up 38.5% 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.

Flowers Foods, Inc. produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces fresh bakery foods, including fresh breads, buns, rolls, tortillas, and snack cakes. The company has a P/E ratio of 20.19.

TheStreet Ratings rates Flowers Foods 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 reasonable valuation levels. 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 Flowers Foods Ratings Report now.

Sinclair Broadcast Group

Owners of Sinclair Broadcast Group (NASDAQ: SBGI) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $24.95 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Sinclair Broadcast Group has been 1.6 million shares per day over the past 30 days. Sinclair Broadcast Group has a market cap of $1.9 billion and is part of the media industry. Shares are up 100.2% 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.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. The company has a P/E ratio of 18.68.

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

SunTrust Banks

Owners of SunTrust Banks (NYSE: STI) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $33.26 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for SunTrust Banks has been 3.8 million shares per day over the past 30 days. SunTrust Banks has a market cap of $18.4 billion and is part of the banking industry. Shares are up 19.1% 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.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The company has a P/E ratio of 8.65.

TheStreet Ratings rates SunTrust Banks 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, expanding profit margins, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full SunTrust Banks Ratings Report now.

Time Warner Cable

Owners of Time Warner Cable (NYSE: TWC) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $107.13 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Time Warner Cable has been 2.6 million shares per day over the past 30 days. Time Warner Cable has a market cap of $31.1 billion and is part of the media industry. Shares are up 11.3% 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.

Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services to residential and business service customers over its broadband cable systems in the United States. The company has a P/E ratio of 15.00.

TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and increase in net income. 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 Time Warner Cable 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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