Tomorrow's Ex-Dividends To Watch: KNX, CPWR, ARCP, PCP, HAL

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:

Knight Transportation

Owners of Knight Transportation (NYSE: KNX) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $18.21 as of 9:34 a.m. ET, the dividend yield is 1.3%.

The average volume for Knight Transportation has been 605,300 shares per day over the past 30 days. Knight Transportation has a market cap of $1.4 billion and is part of the transportation industry. Shares are up 22.1% 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.

Knight Transportation, Inc., together with its subsidiaries, operates as a short to medium-haul truckload carrier of general commodities primarily in the United States. The company has a P/E ratio of 21.53.

TheStreet Ratings rates Knight Transportation 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, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Knight Transportation Ratings Report now.

Compuware Corporation

Owners of Compuware Corporation (NASDAQ: CPWR) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $10.91 as of 9:35 a.m. ET, the dividend yield is 4.5%.

The average volume for Compuware Corporation has been 2.3 million shares per day over the past 30 days. Compuware Corporation has a market cap of $2.4 billion and is part of the computer software & services industry. Shares are up 0.4% 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.

Compuware Corporation provides services, software, and practices for information technology (IT) organizations worldwide.

TheStreet Ratings rates Compuware Corporation as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Compuware Corporation Ratings Report now.

American Realty Capital Properties Inc Clas

Owners of American Realty Capital Properties Inc Clas (NASDAQ: ARCP) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.34 as of 9:35 a.m. ET, the dividend yield is 7.2%.

The average volume for American Realty Capital Properties Inc Clas has been 5.0 million shares per day over the past 30 days. American Realty Capital Properties Inc Clas has a market cap of $2.4 billion and is part of the real estate industry. Shares are down 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.

American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.

TheStreet Ratings rates American Realty Capital Properties Inc Clas 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 stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and feeble growth in the company's earnings per share. You can view the full American Realty Capital Properties Inc Clas Ratings Report now.

Precision Castparts

Owners of Precision Castparts (NYSE: PCP) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $257.39 as of 9:35 a.m. ET, the dividend yield is 0.1%.

The average volume for Precision Castparts has been 621,000 shares per day over the past 30 days. Precision Castparts has a market cap of $37.5 billion and is part of the industrial industry. Shares are up 36.4% 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.

Precision Castparts Corp. manufactures metal components and products worldwide. The company has a P/E ratio of 23.67.

TheStreet Ratings rates Precision Castparts 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, impressive record of earnings per share growth, 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 Precision Castparts Ratings Report now.

Halliburton Company

Owners of Halliburton Company (NYSE: HAL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $51.62 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Halliburton Company has been 7.9 million shares per day over the past 30 days. Halliburton Company has a market cap of $44.7 billion and is part of the energy industry. Shares are up 49.9% 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.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide. The company operates in two segments, Completion and Production, and Drilling and Evaluation. The company has a P/E ratio of 25.21.

TheStreet Ratings rates Halliburton Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Halliburton 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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