Tomorrow's Ex-Dividends To Watch: GHL, SIX, CSC, ITUB, QCOM

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. 30, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 5.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Greenhill

Owners of Greenhill (NYSE: GHL) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $48.89 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for Greenhill has been 302,900 shares per day over the past 30 days. Greenhill has a market cap of $1.4 billion and is part of the financial services industry. Shares are down 6% year to date as of the close of trading on Wednesday.

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

Greenhill & Co., Inc., an independent investment bank, provides financial advice on mergers, acquisitions, restructurings, financings, and capital raising to corporations, partnerships, institutions, and governments worldwide. The company has a P/E ratio of 29.11.

TheStreet Ratings rates Greenhill as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, increase in stock price during the past year and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Greenhill Ratings Report now.

Six Flags Entertainment

Owners of Six Flags Entertainment (NYSE: SIX) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $33.83 as of 9:35 a.m. ET, the dividend yield is 5.3%.

The average volume for Six Flags Entertainment has been 879,600 shares per day over the past 30 days. Six Flags Entertainment has a market cap of $3.3 billion and is part of the leisure industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.

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

Six Flags Entertainment Corporation owns and operates regional theme, water, and zoological parks. The company's parks offer various state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company has a P/E ratio of 10.12.

TheStreet Ratings rates Six Flags Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, 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 Six Flags Entertainment Ratings Report now.

Computer Sciences Corporation

Owners of Computer Sciences Corporation (NYSE: CSC) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $49.92 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Computer Sciences Corporation has been 1.3 million shares per day over the past 30 days. Computer Sciences Corporation has a market cap of $7.6 billion and is part of the computer software & services industry. Shares are up 25.2% year to date as of the close of trading on Wednesday.

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

Computer Sciences Corporation provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company has a P/E ratio of 12.80.

TheStreet Ratings rates Computer Sciences Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Computer Sciences Corporation Ratings Report now.

Itau Unibanco

Owners of Itau Unibanco (NYSE: ITUB) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $12.09 as of 9:36 a.m. ET, the dividend yield is 0.7%.

The average volume for Itau Unibanco has been 13.0 million shares per day over the past 30 days. Itau Unibanco has a market cap of $60.7 billion and is part of the banking industry. Shares are down 25.8% year to date as of the close of trading on Wednesday.

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

Qualcomm

Owners of Qualcomm (NASDAQ: QCOM) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $66.76 as of 9:36 a.m. ET, the dividend yield is 2.1%.

The average volume for Qualcomm has been 13.4 million shares per day over the past 30 days. Qualcomm has a market cap of $114.8 billion and is part of the telecommunications industry. Shares are up 8.2% year to date as of the close of trading on Wednesday.

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

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. The company has a P/E ratio of 17.85.

TheStreet Ratings rates Qualcomm as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and increase in net income. 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 Qualcomm 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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