Dividend Watch: 4 Stocks Going Ex-Dividend Tomorrow: BGB, FNGN, DSW, CB

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. 18, 2013, 16 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 9.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Blackstone / GSO Strategic Credit Fund

Owners of Blackstone / GSO Strategic Credit Fund (NYSE: BGB) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.00 as of 9:36 a.m. ET, the dividend yield is 7.8%.

The average volume for Blackstone / GSO Strategic Credit Fund has been 131,100 shares per day over the past 30 days. Blackstone / GSO Strategic Credit Fund has a market cap of $800.9 million and is part of the financial services industry. Shares are down 3.2% 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.

Financial Engines

Owners of Financial Engines (NASDAQ: FNGN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $59.45 as of 9:33 a.m. ET, the dividend yield is 0.3%.

The average volume for Financial Engines has been 235,000 shares per day over the past 30 days. Financial Engines has a market cap of $2.9 billion and is part of the financial services industry. Shares are up 108.9% 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.

Financial Engines, Inc., together with its subsidiaries, provides independent, technology-enabled portfolio management services, investment advice, and retirement income services to participants in employer-sponsored defined contribution plans. The company has a P/E ratio of 125.98.

TheStreet Ratings rates Financial Engines as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. 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 Financial Engines Ratings Report now.

DSW

Owners of DSW (NYSE: DSW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $83.52 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for DSW has been 336,500 shares per day over the past 30 days. DSW has a market cap of $3.0 billion and is part of the retail industry. Shares are up 26.7% 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.

DSW Inc. operates as a branded footwear and accessories specialty retailer in the United States. The company offers fashion, shoes, dress, casual and athletic footwear, and accessories for women and men through its DSW stores and dsw.com. The company has a P/E ratio of 26.06.

TheStreet Ratings rates DSW as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, solid stock price performance 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 DSW Ratings Report now.

Chubb

Owners of Chubb (NYSE: CB) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $88.61 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for Chubb has been 1.1 million shares per day over the past 30 days. Chubb has a market cap of $22.4 billion and is part of the insurance industry. Shares are up 16.3% 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.

The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. The company has a P/E ratio of 12.39.

TheStreet Ratings rates Chubb 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, increase in stock price during the past year, increase in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Chubb 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.
null

If you liked this article you might like

Post Script; Takeaways and Observations: Doug Kass' Views

Post Script; Takeaways and Observations: Doug Kass' Views

Takeaways and Observations; What's Driving My Approach: Doug Kass' Views

Takeaways and Observations; What's Driving My Approach: Doug Kass' Views

Takeaways and Observations; Trade Opportunistically and Often: Doug Kass' Views

Takeaways and Observations; Trade Opportunistically and Often: Doug Kass' Views

Takeaways and Observations; The Good, the Bad and the Ugly: Doug Kass' Views

Takeaways and Observations; The Good, the Bad and the Ugly: Doug Kass' Views

Google, Apple, Starbucks: Doug Kass' Views

Google, Apple, Starbucks: Doug Kass' Views