Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Tomorrow: JE, MEOH, CHS, FIS

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. 12, 2013, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 22%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Just Energy Group

Owners of Just Energy Group (NYSE: JE) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $6.60 as of 9:36 a.m. ET, the dividend yield is 12.2%.

The average volume for Just Energy Group has been 730,400 shares per day over the past 30 days. Just Energy Group has a market cap of $935.4 million and is part of the utilities industry. Shares are down 30.1% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 4.92.

Methanex Corporation

Owners of Methanex Corporation (NASDAQ: MEOH) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $50.37 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Methanex Corporation has been 368,400 shares per day over the past 30 days. Methanex Corporation has a market cap of $4.7 billion and is part of the chemicals industry. Shares are up 54.3% year to date as of the close of trading on Tuesday.

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Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors. The company also purchases and re-sells methanol produced by others.

TheStreet Ratings rates Methanex Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Methanex Corporation Ratings Report now.

Chico's FAS

Owners of Chico's FAS (NYSE: CHS) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $16.22 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Chico's FAS has been 2.5 million shares per day over the past 30 days. Chico's FAS has a market cap of $2.6 billion and is part of the retail industry. Shares are down 12% year to date as of the close of trading on Tuesday.

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Chico's FAS, Inc., together with its subsidiaries, operates as a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items in the United States. The company has a P/E ratio of 15.82.

TheStreet Ratings rates Chico's FAS 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, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chico's FAS Ratings Report now.

Fidelity National Information Services

Owners of Fidelity National Information Services (NYSE: FIS) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $46.04 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Fidelity National Information Services has been 1.4 million shares per day over the past 30 days. Fidelity National Information Services has a market cap of $13.1 billion and is part of the computer software & services industry. Shares are up 31.9% year to date as of the close of trading on Tuesday.

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Fidelity National Information Services, Inc. provides banking and payments technology solutions worldwide. The company offers financial institution core processing, card issuer, and transaction processing services, including the national electronic funds transfer network. The company has a P/E ratio of 24.97.

TheStreet Ratings rates Fidelity National Information Services 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, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Fidelity National Information Services 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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