5 With Upcoming Ex-Dividend Dates: DCI, WR, CHS, HRB, WLP

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. 5, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 8.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Donaldson Company

Owners of Donaldson Company (NYSE: DCI) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $41.57 as of 9:39 a.m. ET, the dividend yield is 1.3%.

The average volume for Donaldson Company has been 474,900 shares per day over the past 30 days. Donaldson Company has a market cap of $6.1 billion and is part of the industrial industry. Shares are up 27.4% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts. The company operates in two segments, Engine Products and Industrial Products. The company has a P/E ratio of 24.62.

TheStreet Ratings rates Donaldson Company 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, expanding profit margins, good cash flow from operations and increase in net income. 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 Donaldson Company Ratings Report now.

Westar Energy

Owners of Westar Energy (NYSE: WR) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $31.54 as of 9:40 a.m. ET, the dividend yield is 4.3%.

The average volume for Westar Energy has been 1.0 million shares per day over the past 30 days. Westar Energy has a market cap of $4.0 billion and is part of the utilities industry. Shares are up 10.9% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Westar Energy, Inc., an electric utility, engages in the generation, transmission, and distribution of electricity in Kansas. The company has a P/E ratio of 13.69.

TheStreet Ratings rates Westar Energy as a buy. The company's strengths can be seen in multiple areas, such as its 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 Westar Energy Ratings Report now.

Chico's FAS

Owners of Chico's FAS (NYSE: CHS) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $18.59 as of 9:40 a.m. ET, the dividend yield is 1.6%.

The average volume for Chico's FAS has been 2.3 million shares per day over the past 30 days. Chico's FAS has a market cap of $3.0 billion and is part of the retail industry. Shares are up 0.7% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Chico's FAS, Inc., together with its subsidiaries, operates as a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items in the United States. The company has a P/E ratio of 30.97.

TheStreet Ratings rates Chico's FAS 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 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 Chico's FAS Ratings Report now.

H&R Block

Owners of H&R Block (NYSE: HRB) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $28.40 as of 9:40 a.m. ET, the dividend yield is 2.8%.

The average volume for H&R Block has been 2.3 million shares per day over the past 30 days. H&R Block has a market cap of $7.8 billion and is part of the diversified services industry. Shares are up 53.3% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

H&R Block, Inc., through its subsidiaries, provides tax preparation and related services to the general public in the United States, Canada, and Australia. The company has a P/E ratio of 17.23.

TheStreet Ratings rates H&R Block as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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 H&R Block Ratings Report now.

WellPoint

Owners of WellPoint (NYSE: WLP) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $92.48 as of 9:40 a.m. ET, the dividend yield is 1.6%.

The average volume for WellPoint has been 2.3 million shares per day over the past 30 days. WellPoint has a market cap of $27.7 billion and is part of the health services industry. Shares are up 51.9% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

WellPoint, Inc., a health benefits company, through its subsidiaries, offers network-based managed care plans to large and small employer, individual, Medicaid, and senior markets in the United States. The company operates through three segments: Commercial, Consumer, and Other. The company has a P/E ratio of 10.16.

TheStreet Ratings rates WellPoint 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full WellPoint 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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