5 Stocks Going Ex-Dividend Tomorrow: SJT, WPC, HTS, SLG, FITB

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. 26, 2013, 90 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 20.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

San Juan Basin Royalty

Owners of San Juan Basin Royalty (NYSE: SJT) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $16.21 as of 9:35 a.m. ET, the dividend yield is 7%.

The average volume for San Juan Basin Royalty has been 88,900 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $758.8 million and is part of the energy industry. Shares are up 21.4% year to date as of the close of trading on Tuesday.

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San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 44.00.

TheStreet Ratings rates San Juan Basin Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and premium valuation. You can view the full San Juan Basin Royalty Ratings Report now.

W. P. Carey

Owners of W. P. Carey (NYSE: WPC) shares as of market close today will be eligible for a dividend of 86 cents per share. At a price of $66.07 as of 9:35 a.m. ET, the dividend yield is 5.3%.

The average volume for W. P. Carey has been 240,600 shares per day over the past 30 days. W. P. Carey has a market cap of $4.5 billion and is part of the real estate industry. Shares are up 25.5% year to date as of the close of trading on Tuesday.

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W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. The company has a P/E ratio of 75.22.

TheStreet Ratings rates W. P. Carey as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full W. P. Carey Ratings Report now.

Hatteras Financial Corporation

Owners of Hatteras Financial Corporation (NYSE: HTS) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $19.67 as of 9:35 a.m. ET, the dividend yield is 11.2%.

The average volume for Hatteras Financial Corporation has been 1.3 million shares per day over the past 30 days. Hatteras Financial Corporation has a market cap of $1.9 billion and is part of the real estate industry. Shares are down 20.8% year to date as of the close of trading on Tuesday.

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Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT) in the United States. The company has a P/E ratio of 6.22.

TheStreet Ratings rates Hatteras Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Hatteras Financial Corporation Ratings Report now.

SL Green Realty Corporation

Owners of SL Green Realty Corporation (NYSE: SLG) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $88.94 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for SL Green Realty Corporation has been 702,900 shares per day over the past 30 days. SL Green Realty Corporation has a market cap of $8.3 billion and is part of the real estate industry. Shares are up 18% year to date as of the close of trading on Tuesday.

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

SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. The company has a P/E ratio of 291.71.

TheStreet Ratings rates SL Green Realty Corporation as a hold. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full SL Green Realty Corporation Ratings Report now.

Fifth Third Bancorp

Owners of Fifth Third Bancorp (NASDAQ: FITB) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.02 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Fifth Third Bancorp has been 7.8 million shares per day over the past 30 days. Fifth Third Bancorp has a market cap of $15.5 billion and is part of the banking industry. Shares are up 19.4% year to date as of the close of trading on Tuesday.

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

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The company has a P/E ratio of 9.45.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Fifth Third Bancorp 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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