5 Stocks Going Ex-Dividend Tomorrow: BDN, GNTX, RGLD, MDT, BMY

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, Oct. 2, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 11.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Brandywine Realty

Owners of Brandywine Realty (NYSE: BDN) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $13.22 as of 9:30 a.m. ET, the dividend yield is 4.5%.

The average volume for Brandywine Realty has been 1.1 million shares per day over the past 30 days. Brandywine Realty has a market cap of $2.1 billion and is part of the real estate industry. Shares are up 10.2% 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.

Brandywine Realty Trust is a publicly owned real estate investment firm. The firm engages in the engaged in the ownership, management, leasing, acquisition, and development of office and industrial properties. It primarily manages Class-A, suburban and urban office portfolio.

TheStreet Ratings rates Brandywine Realty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Brandywine Realty Ratings Report now.

Gentex Corporation

Owners of Gentex Corporation (NASDAQ: GNTX) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $25.65 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Gentex Corporation has been 969,800 shares per day over the past 30 days. Gentex Corporation has a market cap of $3.7 billion and is part of the automotive industry. Shares are up 36.1% 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.

Gentex Corporation designs, develops, manufactures, and markets electro-optical products for the automotive, commercial building, and aircraft industries primarily in the United States, Germany, and Japan. The company has a P/E ratio of 20.53.

TheStreet Ratings rates Gentex Corporation 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, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Gentex Corporation Ratings Report now.

Royal Gold

Owners of Royal Gold (NASDAQ: RGLD) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $47.25 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Royal Gold has been 987,600 shares per day over the past 30 days. Royal Gold has a market cap of $3.2 billion and is part of the metals & mining industry. Shares are down 39.6% 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.

Royal Gold, Inc., together with its subsidiaries, engages in the acquisition and management of precious metals royalties, precious metals streams, and similar interests. The company has a P/E ratio of 45.11.

TheStreet Ratings rates Royal Gold as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Royal Gold Ratings Report now.

Medtronic

Owners of Medtronic (NYSE: MDT) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $53.38 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Medtronic has been 4.5 million shares per day over the past 30 days. Medtronic has a market cap of $53.3 billion and is part of the health services industry. Shares are up 30.3% 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.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. The company operates in two segments, Cardiac and Vascular Group, and Restorative Therapies Group. The company has a P/E ratio of 15.40.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Medtronic Ratings Report now.

Bristol-Myers Squibb Company

Owners of Bristol-Myers Squibb Company (NYSE: BMY) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $46.45 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Bristol-Myers Squibb Company has been 7.1 million shares per day over the past 30 days. Bristol-Myers Squibb Company has a market cap of $77.1 billion and is part of the drugs industry. Shares are up 43.7% 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.

Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. The company has a P/E ratio of 56.41.

TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Bristol-Myers Squibb Company 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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