5 Stocks Going Ex-Dividend Tomorrow: MENT, SCG, RAI, TRV, OXY

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. 6, 2013, 22 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 12%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Mentor Graphics Corporation

Owners of Mentor Graphics Corporation (NASDAQ: MENT) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $22.50 as of 9:34 a.m. ET, the dividend yield is 0.8%.

The average volume for Mentor Graphics Corporation has been 567,500 shares per day over the past 30 days. Mentor Graphics Corporation has a market cap of $2.5 billion and is part of the computer software & services industry. Shares are up 31% 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.

Mentor Graphics Corporation provides electronic design automation software and hardware solutions to automate the design, analysis, and testing of complex electro-mechanical systems, electronic hardware, and embedded systems software. The company has a P/E ratio of 21.85.

TheStreet Ratings rates Mentor Graphics Corporation 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, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Mentor Graphics Corporation Ratings Report now.

SCANA

Owners of SCANA (NYSE: SCG) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $47.00 as of 9:35 a.m. ET, the dividend yield is 4.3%.

The average volume for SCANA has been 571,200 shares per day over the past 30 days. SCANA has a market cap of $6.6 billion and is part of the utilities industry. Shares are up 3% 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.

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company has a P/E ratio of 13.87.

TheStreet Ratings rates SCANA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full SCANA Ratings Report now.

Reynolds American

Owners of Reynolds American (NYSE: RAI) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $47.76 as of 9:35 a.m. ET, the dividend yield is 5.3%.

The average volume for Reynolds American has been 1.7 million shares per day over the past 30 days. Reynolds American has a market cap of $25.8 billion and is part of the tobacco industry. Shares are up 15.2% 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.

Reynolds American Inc., through its subsidiaries, manufactures and sells cigarette and other tobacco products in the United States. The company operates through RJR Tobacco, American Snuff, and Santa Fe segments. The company has a P/E ratio of 17.17.

TheStreet Ratings rates Reynolds American 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Reynolds American Ratings Report now.

Travelers Companies

Owners of Travelers Companies (NYSE: TRV) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $80.77 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Travelers Companies has been 2.0 million shares per day over the past 30 days. Travelers Companies has a market cap of $30.1 billion and is part of the insurance industry. Shares are up 12.9% 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.

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States. The company has a P/E ratio of 10.38.

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

Occidental Petroleum Corporation

Owners of Occidental Petroleum Corporation (NYSE: OXY) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $90.17 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Occidental Petroleum Corporation has been 3.6 million shares per day over the past 30 days. Occidental Petroleum Corporation has a market cap of $71.3 billion and is part of the energy industry. Shares are up 17.2% 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.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. The company has a P/E ratio of 16.26.

TheStreet Ratings rates Occidental Petroleum Corporation 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Occidental Petroleum Corporation 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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