Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: MRCC, BXS, RCI, CNQ, ADP

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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:

Monroe Capital

Owners of Monroe Capital (NASDAQ: MRCC) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $13.78 as of 9:35 a.m. ET, the dividend yield is 9.8%.

The average volume for Monroe Capital has been 51,200 shares per day over the past 30 days. Monroe Capital has a market cap of $135.5 million and is part of the real estate industry. Shares are down 7.3% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 77.00.

BancorpSouth

Owners of BancorpSouth (NYSE: BXS) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $19.73 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for BancorpSouth has been 676,400 shares per day over the past 30 days. BancorpSouth has a market cap of $1.8 billion and is part of the banking industry. Shares are up 33.6% year to date as of the close of trading on Monday.

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BancorpSouth, Inc. operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The company has a P/E ratio of 22.32.

TheStreet Ratings rates BancorpSouth as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, solid stock price performance, increase in net income and notable return on equity. 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 BancorpSouth Ratings Report now.

Rogers Communications

Owners of Rogers Communications (NYSE: RCI) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $42.37 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for Rogers Communications has been 825,800 shares per day over the past 30 days. Rogers Communications has a market cap of $16.6 billion and is part of the telecommunications industry. Shares are down 9.2% 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.

Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. The company has a P/E ratio of 14.11.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. 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 Rogers Communications Ratings Report now.

Canadian Natural Resources

Owners of Canadian Natural Resources (NYSE: CNQ) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $30.95 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Canadian Natural Resources has been 2.2 million shares per day over the past 30 days. Canadian Natural Resources has a market cap of $33.8 billion and is part of the energy industry. Shares are up 7.9% year to date as of the close of trading on Monday.

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Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. The company has a P/E ratio of 25.51.

TheStreet Ratings rates Canadian Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. You can view the full Canadian Natural Resources Ratings Report now.

Automatic Data Processing

Owners of Automatic Data Processing (NASDAQ: ADP) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $74.33 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Automatic Data Processing has been 1.7 million shares per day over the past 30 days. Automatic Data Processing has a market cap of $35.3 billion and is part of the computer software & services industry. Shares are up 29.6% year to date as of the close of trading on Monday.

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Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. The company has a P/E ratio of 26.12.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins 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 Automatic Data Processing 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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