4 Stocks Going Ex-Dividend Tomorrow: BKCC, EGP, TSS, XEL

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. 17, 2013, 12 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.2% to 13.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

BlackRock Kelso Capital Corporation

Owners of BlackRock Kelso Capital Corporation (NASDAQ: BKCC) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $9.95 as of 9:35 a.m. ET, the dividend yield is 10.6%.

The average volume for BlackRock Kelso Capital Corporation has been 504,400 shares per day over the past 30 days. BlackRock Kelso Capital Corporation has a market cap of $727.6 million and is part of the financial services industry. Shares are down 2.6% year to date as of the close of trading on Friday.

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BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. The firm invests in all industries. The company has a P/E ratio of 12.89.

TheStreet Ratings rates BlackRock Kelso Capital Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full BlackRock Kelso Capital Corporation Ratings Report now.

EastGroup Properties

Owners of EastGroup Properties (NYSE: EGP) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $59.48 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for EastGroup Properties has been 199,500 shares per day over the past 30 days. EastGroup Properties has a market cap of $1.8 billion and is part of the real estate industry. Shares are up 8.1% year to date as of the close of trading on Friday.

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RF Rev $32.5/$200 Unsecured Rev 0/$25 Unsecured. The company has a P/E ratio of 59.35.

TheStreet Ratings rates EastGroup Properties as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, increase in stock price during the past year 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 EastGroup Properties Ratings Report now.

Total System Services

Owners of Total System Services (NYSE: TSS) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $29.39 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Total System Services has been 1.4 million shares per day over the past 30 days. Total System Services has a market cap of $5.5 billion and is part of the computer software & services industry. Shares are up 35.9% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Total System Services, Inc. provides payment processing and other services to card-issuing and merchant acquiring institutions in the United States and internationally. It operates through three segments: North America Services, International Services, and Merchant Services. The company has a P/E ratio of 23.29.

TheStreet Ratings rates Total System 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, 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 Total System Services Ratings Report now.

Xcel Energy

Owners of Xcel Energy (NYSE: XEL) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $28.08 as of 9:36 a.m. ET, the dividend yield is 4.1%.

The average volume for Xcel Energy has been 3.4 million shares per day over the past 30 days. Xcel Energy has a market cap of $13.7 billion and is part of the utilities industry. Shares are up 3.2% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Xcel Energy Inc., through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company has a P/E ratio of 13.92.

TheStreet Ratings rates Xcel Energy as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Xcel Energy 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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