Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: WSR, TAL, VAL, WEN, NOC

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. 27, 2013, 44 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 8.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Whitestone REIT

Owners of Whitestone REIT (NYSE: WSR) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $13.19 as of 9:31 a.m. ET, the dividend yield is 8.5%.

The average volume for Whitestone REIT has been 167,000 shares per day over the past 30 days. Whitestone REIT has a market cap of $292.9 million and is part of the real estate industry. Shares are down 5% year to date as of the close of trading on Monday.

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WhiteStone REIT is a Maryland REIT engaged in owning and operating commercial properties in culturally diverse markets in major metropolitan areas. The company has a P/E ratio of 333.75.

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

TAL International Group

Owners of TAL International Group (NYSE: TAL) shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $55.65 as of 9:35 a.m. ET, the dividend yield is 5.1%.

The average volume for TAL International Group has been 366,900 shares per day over the past 30 days. TAL International Group has a market cap of $1.8 billion and is part of the diversified services industry. Shares are up 50% year to date as of the close of trading on Monday.

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TAL International Group, Inc. engages in leasing intermodal containers and chassis worldwide. The company operates in two segments, Equipment Leasing and Equipment Trading. The company has a P/E ratio of 12.52.

TheStreet Ratings rates TAL International Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share 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 TAL International Group Ratings Report now.

Valspar Corporation

Owners of Valspar Corporation (NYSE: VAL) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $70.77 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Valspar Corporation has been 577,600 shares per day over the past 30 days. Valspar Corporation has a market cap of $6.3 billion and is part of the chemicals industry. Shares are up 15.6% year to date as of the close of trading on Monday.

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The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The company has a P/E ratio of 20.38.

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

Wendy's

Owners of Wendy's (NASDAQ: WEN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.75 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Wendy's has been 7.4 million shares per day over the past 30 days. Wendy's has a market cap of $3.4 billion and is part of the leisure industry. Shares are up 84.7% year to date as of the close of trading on Monday.

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The Wendy's Company, through its subsidiaries, owns and franchises Wendy's restaurant system in North America and internationally. It engages in operating, developing, and franchising a system of distinctive quick-service restaurants. The company has a P/E ratio of 86.80.

TheStreet Ratings rates Wendy's 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, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Wendy's Ratings Report now.

Northrop Grumman

Owners of Northrop Grumman (NYSE: NOC) shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $111.86 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Northrop Grumman has been 1.2 million shares per day over the past 30 days. Northrop Grumman has a market cap of $24.9 billion and is part of the aerospace/defense industry. Shares are up 65.7% year to date as of the close of trading on Monday.

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Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company has a P/E ratio of 13.40.

TheStreet Ratings rates Northrop Grumman 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, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Northrop Grumman 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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