Ex-Dividends To Watch: 4 Stocks Going Ex-Dividend Tomorrow: SLRC, SNV, AVGO, GG

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:

Solar Capital

Owners of Solar Capital (NASDAQ: SLRC) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $22.45 as of 9:35 a.m. ET, the dividend yield is 7.1%.

The average volume for Solar Capital has been 365,400 shares per day over the past 30 days. Solar Capital has a market cap of $1.0 billion and is part of the financial services industry. Shares are down 6.3% year to date as of the close of trading on Friday.

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Solar Capital Ltd. is a business development company specializing in investments in leveraged middle market companies. The company has a P/E ratio of 10.14.

TheStreet Ratings rates Solar Capital as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, 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 Solar Capital Ratings Report now.

Synovus Financial

Owners of Synovus Financial (NYSE: SNV) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $3.28 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Synovus Financial has been 12.1 million shares per day over the past 30 days. Synovus Financial has a market cap of $3.2 billion and is part of the banking industry. Shares are up 33.5% year to date as of the close of trading on Friday.

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Synovus financial corp., a financial services and bank holding company, provides integrated financial services. Its integrated financial services include commercial and retail banking, financial management, insurance, and mortgage services. The company has a P/E ratio of 3.85.

TheStreet Ratings rates Synovus Financial as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Synovus Financial Ratings Report now.

Avago Technologies

Owners of Avago Technologies (NASDAQ: AVGO) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $39.49 as of 9:36 a.m. ET, the dividend yield is 2.4%.

The average volume for Avago Technologies has been 2.2 million shares per day over the past 30 days. Avago Technologies has a market cap of $9.6 billion and is part of the electronics industry. Shares are up 23.3% year to date as of the close of trading on Friday.

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In 2006 sold image processor and printer semconductor businesses. The company has a P/E ratio of 17.35.

TheStreet Ratings rates Avago Technologies 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, good cash flow from operations and increase in stock price during the past year. 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 Avago Technologies Ratings Report now.

Goldcorp

Owners of Goldcorp (NYSE: GG) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $26.74 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Goldcorp has been 8.4 million shares per day over the past 30 days. Goldcorp has a market cap of $21.1 billion and is part of the metals & mining industry. Shares are down 29.3% 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.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores.

TheStreet Ratings rates Goldcorp as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Goldcorp 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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