Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: SJT, CMP, L, ADI, CSX

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:

San Juan Basin Royalty

Owners of San Juan Basin Royalty (NYSE: SJT) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $17.11 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for San Juan Basin Royalty has been 93,100 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $802.6 million and is part of the energy industry. Shares are up 28.4% 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.

San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 46.54.

TheStreet Ratings rates San Juan Basin 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 increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and premium valuation. You can view the full San Juan Basin Royalty Ratings Report now.

Compass Minerals International

Owners of Compass Minerals International (NYSE: CMP) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $73.89 as of 9:34 a.m. ET, the dividend yield is 3%.

The average volume for Compass Minerals International has been 251,700 shares per day over the past 30 days. Compass Minerals International has a market cap of $2.5 billion and is part of the metals & mining industry. Shares are down 1.7% 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.

Compass Minerals International, Inc., through its subsidiaries, produces and markets inorganic mineral products primarily in North America and the United Kingdom. It operates in two segments, Salt and Specialty Fertilizer. The company has a P/E ratio of 25.58.

TheStreet Ratings rates Compass Minerals International as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Compass Minerals International Ratings Report now.

Loews Corporation

Owners of Loews Corporation (NYSE: L) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $45.44 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for Loews Corporation has been 826,500 shares per day over the past 30 days. Loews Corporation has a market cap of $17.8 billion and is part of the insurance industry. Shares are up 12.6% 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.

Loews Corporation operates primarily as a commercial property and casualty insurance company. The company operates in four segments: CNA Specialty, CNA Commercial, Life & Group Non-Core, and Other. The company has a P/E ratio of 27.35.

TheStreet Ratings rates Loews Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Loews Corporation Ratings Report now.

Analog Devices

Owners of Analog Devices (NASDAQ: ADI) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $46.65 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Analog Devices has been 1.9 million shares per day over the past 30 days. Analog Devices has a market cap of $14.7 billion and is part of the electronics industry. Shares are up 12.3% 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.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. The company has a P/E ratio of 22.54.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Analog Devices Ratings Report now.

CSX

Owners of CSX (NYSE: CSX) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $25.16 as of 9:36 a.m. ET, the dividend yield is 2.4%.

The average volume for CSX has been 7.4 million shares per day over the past 30 days. CSX has a market cap of $25.8 billion and is part of the transportation industry. Shares are up 28.5% 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.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services. It offers traditional rail services, and transports intermodal containers and trailers. The company has a P/E ratio of 13.78.

TheStreet Ratings rates CSX as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, attractive valuation levels, expanding profit margins and increase in stock price during the past year. 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 CSX 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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