Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Tomorrow: TEU, MAIN, AGO, CMI

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, Nov. 19, 2013, 27 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Box Ships

Owners of Box Ships (NYSE: TEU) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $3.35 as of 9:35 a.m. ET, the dividend yield is 7.2%.

The average volume for Box Ships has been 152,800 shares per day over the past 30 days. Box Ships has a market cap of $82.9 million and is part of the transportation industry. Shares are down 19% 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.

Box Ships Inc., a shipping company, engages in the seaborne transportation of containers worldwide. As of December 31, 2012, it had a fleet of 9 containerships with a total capacity of approximately 43,925 twenty-foot equivalent units. The company has a P/E ratio of 7.06.

TheStreet Ratings rates Box Ships as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Box Ships Ratings Report now.

Main Street Capital Corporation

Owners of Main Street Capital Corporation (NYSE: MAIN) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $31.30 as of 9:35 a.m. ET, the dividend yield is 6.4%.

The average volume for Main Street Capital Corporation has been 230,400 shares per day over the past 30 days. Main Street Capital Corporation has a market cap of $1.2 billion and is part of the financial services industry. Shares are up 1.4% 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.

Main Street Capital Corporation is a business development company specializing in long- term equity, equity related, and debt investments in small and lower middle market companies. The company has a P/E ratio of 11.90.

TheStreet Ratings rates Main Street Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Main Street Capital Corporation Ratings Report now.

Assured Guaranty

Owners of Assured Guaranty (NYSE: AGO) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $23.69 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Assured Guaranty has been 2.6 million shares per day over the past 30 days. Assured Guaranty has a market cap of $4.3 billion and is part of the insurance industry. Shares are up 65.8% 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.

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company has a P/E ratio of 8.38.

TheStreet Ratings rates Assured Guaranty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income 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 Assured Guaranty Ratings Report now.

Cummins

Owners of Cummins (NYSE: CMI) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $132.74 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Cummins has been 1.5 million shares per day over the past 30 days. Cummins has a market cap of $24.8 billion and is part of the industrial industry. Shares are up 22.3% 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.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. The company has a P/E ratio of 17.55.

TheStreet Ratings rates Cummins 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, solid stock price performance, increase in net income 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 Cummins 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

3 Stocks Pushing The Transportation Industry Lower

3 Stocks Pushing The Transportation Industry Lower

3 Stocks Pushing The Transportation Industry Lower

3 Stocks Pushing The Transportation Industry Lower

3 Stocks Pushing The Transportation Industry Lower

3 Stocks Pushing The Transportation Industry Lower

Box Ships Series C Preferred Shares Cross 12% Yield Mark

Box Ships Series C Preferred Shares Cross 12% Yield Mark

3 Stocks Pushing The Transportation Industry Lower

3 Stocks Pushing The Transportation Industry Lower