Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: GBDC, BRY, PKG, TROW, NOV

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. 11, 2013, 56 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 24.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Golub Capital BDC Inc. Class B

Owners of Golub Capital BDC Inc. Class B (NASDAQ: GBDC) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $17.51 as of 9:32 a.m. ET, the dividend yield is 7.4%.

The average volume for Golub Capital BDC Inc. Class B has been 269,700 shares per day over the past 30 days. Golub Capital BDC Inc. Class B has a market cap of $691.2 million and is part of the financial services industry. Shares are up 8.7% 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.

Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. The company has a P/E ratio of 12.50.

TheStreet Ratings rates Golub Capital BDC Inc. Class B as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Golub Capital BDC Inc. Class B Ratings Report now.

Berry Petroleum

Owners of Berry Petroleum (NYSE: BRY) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $42.53 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Berry Petroleum has been 555,100 shares per day over the past 30 days. Berry Petroleum has a market cap of $2.2 billion and is part of the energy industry. Shares are up 27.1% 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.

The company has a P/E ratio of 15.53.

Packaging Corporation of America

Owners of Packaging Corporation of America (NYSE: PKG) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $55.14 as of 9:35 a.m. ET, the dividend yield is 3%.

The average volume for Packaging Corporation of America has been 763,700 shares per day over the past 30 days. Packaging Corporation of America has a market cap of $5.2 billion and is part of the consumer non-durables industry. Shares are up 38.9% 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.

Packaging Corporation of America engages in the manufacture and sale of containerboard and corrugated packaging products for industrial and consumer markets in the United States. The company has a P/E ratio of 23.14.

TheStreet Ratings rates Packaging Corporation of America 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, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Packaging Corporation of America Ratings Report now.

T. Rowe Price Group

Owners of T. Rowe Price Group (NASDAQ: TROW) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $71.87 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for T. Rowe Price Group has been 1.3 million shares per day over the past 30 days. T. Rowe Price Group has a market cap of $18.4 billion and is part of the financial services industry. Shares are up 9.3% 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.

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. The company has a P/E ratio of 23.04.

TheStreet Ratings rates T. Rowe Price Group 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, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full T. Rowe Price Group Ratings Report now.

National Oilwell Varco

Owners of National Oilwell Varco (NYSE: NOV) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $78.67 as of 9:36 a.m. ET, the dividend yield is 1.3%.

The average volume for National Oilwell Varco has been 3.1 million shares per day over the past 30 days. National Oilwell Varco has a market cap of $33.4 billion and is part of the energy industry. Shares are up 14.1% 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.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. The company has a P/E ratio of 14.45.

TheStreet Ratings rates National Oilwell Varco 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full National Oilwell Varco 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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