Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: DHIL, TCPC, SCG, CME, BBY

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. 6, 2013, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 9.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Diamond Hill Investment Group

At a price of $122.10 as of 9:38 a.m. ET, the dividend yield is 6.5%.

The average volume for Diamond Hill Investment Group has been 7,500 shares per day over the past 30 days. Diamond Hill Investment Group has a market cap of $399.3 million and is part of the financial services industry. Shares are up 80.1% year-to-date as of the close of trading on Wednesday.

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Diamond Hill Investment Group, Inc., together with its subsidiaries, sponsors, distributes, and offers investment advisory and related services to various clients in the United States and internationally. The company has a P/E ratio of 19.20.

TheStreet Ratings rates Diamond Hill Investment Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Diamond Hill Investment Group Ratings Report now.

TCP Capital

Owners of TCP Capital (NASDAQ: TCPC) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $16.91 as of 9:37 a.m. ET, the dividend yield is 8.5%.

The average volume for TCP Capital has been 299,600 shares per day over the past 30 days. TCP Capital has a market cap of $523.4 million and is part of the financial services industry. Shares are up 14.4% year-to-date as of the close of trading on Wednesday.

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

TCP Capital Corp. is a business development company specializing in investments in debt securities of public and private middle market companies. It invests primarily in senior debt instruments and may also consider secondary-market investment opportunities. The company has a P/E ratio of 6.29.

TheStreet Ratings rates TCP Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full TCP Capital Ratings Report now.

SCANA

Owners of SCANA (NYSE: SCG) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $47.34 as of 9:40 a.m. ET, the dividend yield is 4.3%.

The average volume for SCANA has been 732,100 shares per day over the past 30 days. SCANA has a market cap of $6.7 billion and is part of the utilities industry. Shares are up 4.3% year-to-date as of the close of trading on Wednesday.

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

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company has a P/E ratio of 13.76.

TheStreet Ratings rates SCANA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full SCANA Ratings Report now.

CME Group

Owners of CME Group (NASDAQ: CME) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $79.58 as of 9:40 a.m. ET, the dividend yield is 2.2%.

The average volume for CME Group has been 1.6 million shares per day over the past 30 days. CME Group has a market cap of $27.2 billion and is part of the financial services industry. Shares are up 58% year-to-date as of the close of trading on Wednesday.

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

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. The company has a P/E ratio of 28.41.

TheStreet Ratings rates CME Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full CME Group Ratings Report now.

Best Buy

Owners of Best Buy (NYSE: BBY) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $43.06 as of 9:40 a.m. ET, the dividend yield is 1.6%.

The average volume for Best Buy has been 5.8 million shares per day over the past 30 days. Best Buy has a market cap of $14.3 billion and is part of the retail industry. Shares are up 254.4% year-to-date as of the close of trading on Wednesday.

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

The company has a P/E ratio of 8.45.

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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