Tomorrow's Ex-Dividends To Watch: AAN, VAL, BID, O, GME

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. 29, 2013, 34 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 8.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Aaron's

Owners of Aaron's (NYSE: AAN) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $28.03 as of 9:36 a.m. ET, the dividend yield is 0.2%.

The average volume for Aaron's has been 428,200 shares per day over the past 30 days. Aaron's has a market cap of $2.1 billion and is part of the diversified services industry. Shares are down 1.1% year to date as of the close of trading on Tuesday.

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

Aaron's, Inc. operates as a specialty retailer of consumer electronics, computers, residential furniture, household appliances, and accessories in the United States and Canada. The company operates in four segments: Sales and Lease Ownership, Franchise, HomeSmart, and Manufacturing. The company has a P/E ratio of 17.12.

TheStreet Ratings rates Aaron's 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, good cash flow from operations 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 Aaron's Ratings Report now.

Valspar Corporation

Owners of Valspar Corporation (NYSE: VAL) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $63.09 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Valspar Corporation has been 546,900 shares per day over the past 30 days. Valspar Corporation has a market cap of $5.7 billion and is part of the chemicals industry. Shares are up 3.4% year to date as of the close of trading on Tuesday.

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

The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The company has a P/E ratio of 19.72.

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

Sothebys

Owners of Sothebys (NYSE: BID) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $45.90 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Sothebys has been 1.3 million shares per day over the past 30 days. Sothebys has a market cap of $3.2 billion and is part of the specialty retail industry. Shares are up 36.7% year to date as of the close of trading on Tuesday.

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

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, and jewelry. The company operates in three segments: Auction, Finance, and Dealer. The company has a P/E ratio of 31.90.

TheStreet Ratings rates Sothebys 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Sothebys Ratings Report now.

Realty Income Corporation

Owners of Realty Income Corporation (NYSE: O) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $39.84 as of 9:36 a.m. ET, the dividend yield is 5.4%.

The average volume for Realty Income Corporation has been 2.2 million shares per day over the past 30 days. Realty Income Corporation has a market cap of $7.9 billion and is part of the real estate industry. Shares are down 0.4% year to date as of the close of trading on Tuesday.

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

Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California. The company has a P/E ratio of 49.63.

TheStreet Ratings rates Realty Income Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Realty Income Corporation Ratings Report now.

GameStop

Owners of GameStop (NYSE: GME) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $49.53 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for GameStop has been 3.1 million shares per day over the past 30 days. GameStop has a market cap of $6.2 billion and is part of the retail industry. Shares are up 96.8% year to date as of the close of trading on Tuesday.

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

GameStop Corp. operates as a video game retailer.

TheStreet Ratings rates GameStop as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full GameStop 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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