5 Stocks Going Ex-Dividend Monday: FULT, CUBE, RJF, O, CAH

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.

Monday, Dec. 30, 2013, 24 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% 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 Monday:

Fulton Financial

Owners of Fulton Financial (NASDAQ: FULT) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.22 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Fulton Financial has been 855,500 shares per day over the past 30 days. Fulton Financial has a market cap of $2.6 billion and is part of the banking industry. Shares are up 37.5% year-to-date as of the close of trading on Thursday.

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

Fulton Financial Corporation operates as a multi-bank financial holding company that provides various banking and financial services to businesses and consumers. The company has a P/E ratio of 16.41.

TheStreet Ratings rates Fulton Financial as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, solid stock price performance, attractive valuation levels 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 Fulton Financial Ratings Report now.

CubeSmart

Owners of CubeSmart (NYSE: CUBE) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $16.10 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for CubeSmart has been 1.4 million shares per day over the past 30 days. CubeSmart has a market cap of $2.3 billion and is part of the real estate industry. Shares are up 10.5% year-to-date as of the close of trading on Thursday.

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

CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States.

TheStreet Ratings rates CubeSmart as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth 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 profit margins have been poor overall. You can view the full CubeSmart Ratings Report now.

Raymond James Financial

Owners of Raymond James Financial (NYSE: RJF) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $52.04 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Raymond James Financial has been 746,900 shares per day over the past 30 days. Raymond James Financial has a market cap of $7.3 billion and is part of the financial services industry. Shares are up 34.9% year-to-date as of the close of trading on Thursday.

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

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. The company has a P/E ratio of 20.08.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Raymond James Financial Ratings Report now.

Realty Income Corporation

Owners of Realty Income Corporation (NYSE: O) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $38.10 as of 9:35 a.m. ET, the dividend yield is 5.7%.

The average volume for Realty Income Corporation has been 2.3 million shares per day over the past 30 days. Realty Income Corporation has a market cap of $7.9 billion and is part of the real estate industry. Shares are down 5.2% year-to-date as of the close of trading on Thursday.

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

Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California. The company has a P/E ratio of 45.94.

TheStreet Ratings rates Realty Income Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Realty Income Corporation Ratings Report now.

Cardinal Health

Owners of Cardinal Health (NYSE: CAH) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $67.71 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Cardinal Health has been 3.2 million shares per day over the past 30 days. Cardinal Health has a market cap of $22.9 billion and is part of the wholesale industry. Shares are up 63.9% year-to-date as of the close of trading on Thursday.

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

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. The company has a P/E ratio of 56.88.

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