4 With Upcoming Ex-Dividend Dates: TCPC, WR, KSU, SDRL

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, Sept. 5, 2013, 11 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

TCP Capital

Owners of TCP Capital (NASDAQ: TCPC) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $15.74 as of 9:35 a.m. ET, the dividend yield is 9.2%.

The average volume for TCP Capital has been 256,500 shares per day over the past 30 days. TCP Capital has a market cap of $415.3 million and is part of the real estate industry. Shares are up 5.7% 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.

TCP Capital Corp. is a business development company specializing in investments in debt of public and private middle market companies. The fund also provides leveraged loans. It seeks to invests in the United States. The company has a P/E ratio of 7.11.

TheStreet Ratings rates TCP Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full TCP Capital Ratings Report now.

Westar Energy

Owners of Westar Energy (NYSE: WR) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $30.34 as of 9:36 a.m. ET, the dividend yield is 4.4%.

The average volume for Westar Energy has been 744,900 shares per day over the past 30 days. Westar Energy has a market cap of $4.0 billion and is part of the utilities industry. Shares are up 6.6% 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.

Westar Energy, Inc., an electric utility, engages in the generation, transmission, and distribution of electricity in Kansas. The company has a P/E ratio of 13.13.

TheStreet Ratings rates Westar Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, notable return on equity, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Westar Energy Ratings Report now.

Kansas City Southern

Owners of Kansas City Southern (NYSE: KSU) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $105.80 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Kansas City Southern has been 722,800 shares per day over the past 30 days. Kansas City Southern has a market cap of $11.6 billion and is part of the transportation industry. Shares are up 27% 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.

Kansas City Southern, through its subsidiaries, engages in the freight rail transportation business. The company has a P/E ratio of 38.47.

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

Seadrill

Owners of Seadrill (NYSE: SDRL) shares as of market close today will be eligible for a dividend of 91 cents per share. At a price of $47.16 as of 9:36 a.m. ET, the dividend yield is 7.9%.

The average volume for Seadrill has been 2.3 million shares per day over the past 30 days. Seadrill has a market cap of $21.7 billion and is part of the energy industry. Shares are up 27.8% 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.

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. The company has a P/E ratio of 19.77.

TheStreet Ratings rates Seadrill as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Seadrill 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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