5 With Upcoming Ex-Dividend Dates: RPAI, NRZ, XRAY, SRE, WFM

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. 25, 2013, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 12.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Retail Properties of American Inc Class A

Owners of Retail Properties of American Inc Class A (NYSE: RPAI) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $14.43 as of 9:36 a.m. ET, the dividend yield is 4.5%.

The average volume for Retail Properties of American Inc Class A has been 842,000 shares per day over the past 30 days. Retail Properties of American Inc Class A has a market cap of $2.8 billion and is part of the real estate industry. Shares are up 24.1% 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.

Inland Western Retail Real Estate Trust, Inc. is a real estate investment trust. It engages in acquisition, development and management of properties. The trust invests in the real estate markets of United States. The company has a P/E ratio of 743.00.

TheStreet Ratings rates Retail Properties of American Inc Class A as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Retail Properties of American Inc Class A Ratings Report now.

New Residential Investment

Owners of New Residential Investment (NYSE: NRZ) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $6.79 as of 9:36 a.m. ET, the dividend yield is 10.4%.

The average volume for New Residential Investment has been 2.7 million shares per day over the past 30 days. New Residential Investment has a market cap of $1.7 billion and is part of the real estate industry. Shares are unchanged 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.

DENTSPLY International

Owners of DENTSPLY International (NASDAQ: XRAY) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $44.20 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for DENTSPLY International has been 748,100 shares per day over the past 30 days. DENTSPLY International has a market cap of $6.3 billion and is part of the health services industry. Shares are up 11.3% 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.

DENTSPLY International Inc. designs, develops, manufactures, and markets a range of consumable dental products for the professional dental market worldwide. The company has a P/E ratio of 18.76.

TheStreet Ratings rates DENTSPLY International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, reasonable valuation levels and good cash flow from operations. 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 DENTSPLY International Ratings Report now.

Sempra Energy

Owners of Sempra Energy (NYSE: SRE) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $88.25 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Sempra Energy has been 970,000 shares per day over the past 30 days. Sempra Energy has a market cap of $21.2 billion and is part of the utilities industry. Shares are up 22.3% 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.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. The company has a P/E ratio of 21.85.

TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, growth in earnings per share 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 Sempra Energy Ratings Report now.

Whole Foods Market

Owners of Whole Foods Market (NASDAQ: WFM) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $58.29 as of 9:36 a.m. ET, the dividend yield is 0.7%.

The average volume for Whole Foods Market has been 2.5 million shares per day over the past 30 days. Whole Foods Market has a market cap of $21.5 billion and is part of the retail industry. Shares are up 26.9% 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.

Whole Foods Market, Inc. owns and operates a chain of natural and organic foods supermarkets. The company offers produce, grocery, meat and poultry, seafood, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. The company has a P/E ratio of 39.90.

TheStreet Ratings rates Whole Foods Market 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Whole Foods Market 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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