Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: AL, MW, HOG, HBAN, ECL

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. 13, 2013, 5 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 2.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Air Lease

Owners of Air Lease (NYSE: AL) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $27.33 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for Air Lease has been 467,400 shares per day over the past 30 days. Air Lease has a market cap of $2.7 billion and is part of the diversified services industry. Shares are up 25.6% 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.

Air Lease Corporation engages in the purchase and leasing of commercial aircraft to airlines worldwide. The company also provides fleet management and remarketing services. The company has a P/E ratio of 17.65.

TheStreet Ratings rates Air Lease as a sell. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures. You can view the full Air Lease Ratings Report now.

Men's Wearhouse

Owners of Men's Wearhouse (NYSE: MW) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $34.57 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Men's Wearhouse has been 496,300 shares per day over the past 30 days. Men's Wearhouse has a market cap of $2.0 billion and is part of the retail industry. Shares are up 25.2% 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.

The Men's Wearhouse, Inc., together with its subsidiaries, operates as a specialty apparel retailer in the United States and Canada. It provides suits, suit separates, sport coats, slacks, sportswear, outerwear, dress shirts, shoes, and accessories for men, as well as offers tuxedo rentals. The company has a P/E ratio of 14.56.

TheStreet Ratings rates Men's Wearhouse as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Men's Wearhouse Ratings Report now.

Harley-Davidson

Owners of Harley-Davidson (NYSE: HOG) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $63.39 as of 9:36 a.m. ET, the dividend yield is 1.3%.

The average volume for Harley-Davidson has been 1.4 million shares per day over the past 30 days. Harley-Davidson has a market cap of $14.2 billion and is part of the automotive industry. Shares are up 30.1% 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.

Harley-Davidson, Inc. manufactures heavyweight cruiser and touring motorcycles. The company operates through two segments: the Motorcycles segment and the Financial Services segment. The company has a P/E ratio of 20.42.

TheStreet Ratings rates Harley-Davidson 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 growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Harley-Davidson Ratings Report now.

Huntington

Owners of Huntington (NASDAQ: HBAN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.61 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Huntington has been 10.3 million shares per day over the past 30 days. Huntington has a market cap of $7.2 billion and is part of the banking industry. Shares are up 36.3% 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.

Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company has a P/E ratio of 12.10.

TheStreet Ratings rates Huntington as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Huntington Ratings Report now.

Ecolab

Owners of Ecolab (NYSE: ECL) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $95.94 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Ecolab has been 1.0 million shares per day over the past 30 days. Ecolab has a market cap of $28.7 billion and is part of the consumer non-durables industry. Shares are up 32.7% 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.

Produces cleaning and sanitation chemicals. Also provides cleaning and sanitzing services for the hospitality, food services, and light industrial markets. The company has a P/E ratio of 34.19.

TheStreet Ratings rates Ecolab 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, good cash flow from operations and expanding profit margins. 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 Ecolab 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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