5 Stocks Going Ex-Dividend Tomorrow: AFOP, FLO, SLM, HFC, WMT

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, Dec. 4, 2013, 43 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Alliance Fiber Optic Products

Owners of Alliance Fiber Optic Products (NASDAQ: AFOP) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $15.08 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Alliance Fiber Optic Products has been 962,800 shares per day over the past 30 days. Alliance Fiber Optic Products has a market cap of $270.4 million and is part of the electronics industry. Shares are up 145.4% 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.

Alliance Fiber Optic Products, Inc. designs, manufactures, and markets various fiber optic components and integrated modules for communications equipment manufacturers and service providers in North America, Europe, and Asia. The company has a P/E ratio of 15.21.

TheStreet Ratings rates Alliance Fiber Optic Products 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, notable return on equity, expanding profit margins and good cash flow from operations. 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 Alliance Fiber Optic Products Ratings Report now.

Flowers Foods

Owners of Flowers Foods (NYSE: FLO) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $21.64 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Flowers Foods has been 1.3 million shares per day over the past 30 days. Flowers Foods has a market cap of $4.5 billion and is part of the food & beverage industry. Shares are up 40.1% 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.

Flowers Foods, Inc. produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces fresh bakery foods, including fresh breads, buns, rolls, tortillas, and snack cakes. The company has a P/E ratio of 19.94.

TheStreet Ratings rates Flowers Foods as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Flowers Foods Ratings Report now.

SLM

Owners of SLM (NASDAQ: SLM) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $26.46 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for SLM has been 2.6 million shares per day over the past 30 days. SLM has a market cap of $11.6 billion and is part of the financial services industry. Shares are up 55.6% 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.

SLM Corporation, also known as Sallie Mae, originates, acquires, finances, and services private education loans in the United States. The company operates through three segments: Consumer Lending, Business Services, and FFELP Loans. The company has a P/E ratio of 8.49.

TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. 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 SLM Ratings Report now.

HollyFrontier

Owners of HollyFrontier (NYSE: HFC) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $50.18 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for HollyFrontier has been 3.3 million shares per day over the past 30 days. HollyFrontier has a market cap of $9.5 billion and is part of the energy industry. Shares are up 3.1% 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.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. The company has a P/E ratio of 9.10.

TheStreet Ratings rates HollyFrontier 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, reasonable valuation levels 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 HollyFrontier Ratings Report now.

Wal-Mart Stores

Owners of Wal-Mart Stores (NYSE: WMT) shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $81.06 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Wal-Mart Stores has been 6.2 million shares per day over the past 30 days. Wal-Mart Stores has a market cap of $262.8 billion and is part of the retail industry. Shares are up 18.9% 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.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. The company has a P/E ratio of 15.61.

TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Wal-Mart Stores 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

Insider Trading Alert - WLFC, BV And AFOP Traded By Insiders

Insider Trading Alert - WLFC, BV And AFOP Traded By Insiders

Midday Report: Twitter Adds Two New Board Members; Stocks Climb

Midday Report: Twitter Adds Two New Board Members; Stocks Climb

Stocks Climb as Oil Extends Massive Surge

Stocks Climb as Oil Extends Massive Surge

Why Alliance Fiber Optic Products (AFOP) Stock is Climbing Today

Why Alliance Fiber Optic Products (AFOP) Stock is Climbing Today

Stock Futures Set for Bounce in Whiplash End to Week

Stock Futures Set for Bounce in Whiplash End to Week