Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: NDRO, OTEX, VOYA, NWL, LO

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:

Enduro Royalty

Owners of Enduro Royalty (NYSE: NDRO) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $15.50 as of 9:30 a.m. ET, the dividend yield is 12.6%.

The average volume for Enduro Royalty has been 36,700 shares per day over the past 30 days. Enduro Royalty has a market cap of $510.8 million and is part of the energy industry. Shares are down 7.7% 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.

Open Text Corporation

Owners of Open Text Corporation (NASDAQ: OTEX) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $69.19 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Open Text Corporation has been 241,000 shares per day over the past 30 days. Open Text Corporation has a market cap of $4.1 billion and is part of the computer software & services industry. Shares are up 25% 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.

Open Text Corporation engages in the design, development, marketing, and sale of enterprise information management software and solutions. The company has a P/E ratio of 27.84.

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

ING US

Owners of ING US (NYSE: VOYA) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $29.32 as of 9:36 a.m. ET, the dividend yield is 0.1%.

The average volume for ING US has been 990,300 shares per day over the past 30 days. ING US has a market cap of $7.9 billion and is part of the insurance industry. Shares are unchanged 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.

Newell Rubbermaid

Owners of Newell Rubbermaid (NYSE: NWL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $25.50 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Newell Rubbermaid has been 2.0 million shares per day over the past 30 days. Newell Rubbermaid has a market cap of $7.3 billion and is part of the consumer durables industry. Shares are up 15.8% 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.

Newell Rubbermaid Inc. designs, manufactures, and markets consumer and commercial products worldwide. It operates in six segments: Home Solutions, Writing, Tools, Commercial Products, Baby & Parenting, and Specialty. The company has a P/E ratio of 19.04.

TheStreet Ratings rates Newell Rubbermaid as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity 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 Newell Rubbermaid Ratings Report now.

Lorillard

Owners of Lorillard (NYSE: LO) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $43.13 as of 9:35 a.m. ET, the dividend yield is 5.1%.

The average volume for Lorillard has been 3.6 million shares per day over the past 30 days. Lorillard has a market cap of $16.2 billion and is part of the tobacco industry. Shares are up 11.9% 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.

Lorillard, Inc. manufactures and sells cigarettes in the United States. The company operates through two segments, Cigarettes and Electronic Cigarettes. The Cigarettes segment manufactures and sells cigarettes. The company has a P/E ratio of 13.52.

TheStreet Ratings rates Lorillard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Lorillard 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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