Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Tomorrow: VLY, VR, ALB, VTR

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:

Valley National Bancorp

Owners of Valley National Bancorp (NYSE: VLY) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $10.34 as of 9:35 a.m. ET, the dividend yield is 6.4%.

The average volume for Valley National Bancorp has been 1.2 million shares per day over the past 30 days. Valley National Bancorp has a market cap of $2.0 billion and is part of the banking industry. Shares are up 10.3% year to date as of the close of trading on Monday.

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Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and wealth management financial services. The company has a P/E ratio of 14.00.

TheStreet Ratings rates Valley National Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, increase in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Valley National Bancorp Ratings Report now.

Validus Holdings

Owners of Validus Holdings (NYSE: VR) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $35.58 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Validus Holdings has been 822,000 shares per day over the past 30 days. Validus Holdings has a market cap of $3.5 billion and is part of the insurance industry. Shares are up 0.8% year to date as of the close of trading on Monday.

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Validus Holdings, Ltd. through its subsidiaries, provides reinsurance, insurance, and insurance linked securities fund management services in the property, marine, and specialty lines markets worldwide. The company has a P/E ratio of 10.25.

TheStreet Ratings rates Validus Holdings as a hold. 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 and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full Validus Holdings Ratings Report now.

Albemarle

Owners of Albemarle (NYSE: ALB) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $62.98 as of 9:36 a.m. ET, the dividend yield is 1.5%.

The average volume for Albemarle has been 724,800 shares per day over the past 30 days. Albemarle has a market cap of $5.0 billion and is part of the chemicals industry. Shares are down 0.3% year to date as of the close of trading on Monday.

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Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 17.40.

TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 Albemarle Ratings Report now.

Ventas

Owners of Ventas (NYSE: VTR) shares as of market close today will be eligible for a dividend of 67 cents per share. At a price of $62.35 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for Ventas has been 1.7 million shares per day over the past 30 days. Ventas has a market cap of $18.0 billion and is part of the real estate industry. Shares are down 5% 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.

Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The company has a P/E ratio of 38.65.

TheStreet Ratings rates Ventas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels, 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 Ventas 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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