Monday's Ex-Dividends To Watch: GFA, HLS, WWW, RSG, RTN

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:

Gafisa

Owners of Gafisa (NYSE: GFA) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $3.30 as of 9:34 a.m. ET, the dividend yield is 6.1%.

The average volume for Gafisa has been 1.6 million shares per day over the past 30 days. Gafisa has a market cap of $718.7 million and is part of the materials & construction industry. Shares are down 28.8% 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.

Gafisa S.A. operates as a homebuilder in Brazil. The company operates in three segments: Gafisa, Tenda, and Alphaville.

TheStreet Ratings rates Gafisa as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Gafisa Ratings Report now.

Healthsouth

Owners of Healthsouth (NYSE: HLS) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $33.62 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Healthsouth has been 555,200 shares per day over the past 30 days. Healthsouth has a market cap of $3.0 billion and is part of the health services industry. Shares are up 59.8% 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.

HealthSouth Corporation owns and operates inpatient rehabilitation hospitals that provide specialized rehabilitative treatment on an inpatient and outpatient basis in the United States. The company has a P/E ratio of 10.81.

TheStreet Ratings rates Healthsouth 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, revenue growth and notable return on equity. 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 Healthsouth Ratings Report now.

Wolverine World Wide

Owners of Wolverine World Wide (NYSE: WWW) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $33.60 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Wolverine World Wide has been 958,400 shares per day over the past 30 days. Wolverine World Wide has a market cap of $3.3 billion and is part of the consumer non-durables industry. Shares are up 63.8% 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.

Wolverine World Wide, Inc. designs, manufactures, sources, and markets branded footwear, apparel, and accessories. The company has a P/E ratio of 37.29.

TheStreet Ratings rates Wolverine World Wide as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Wolverine World Wide Ratings Report now.

Republic Services

Owners of Republic Services (NYSE: RSG) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $33.61 as of 9:35 a.m. ET, the dividend yield is 3.1%.

The average volume for Republic Services has been 1.5 million shares per day over the past 30 days. Republic Services has a market cap of $12.1 billion and is part of the materials & construction industry. Shares are up 14.8% 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.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. The company has a P/E ratio of 25.52.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations 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 Republic Services Ratings Report now.

Raytheon Company

Owners of Raytheon Company (NYSE: RTN) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $91.25 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Raytheon Company has been 1.7 million shares per day over the past 30 days. Raytheon Company has a market cap of $28.6 billion and is part of the aerospace/defense industry. Shares are up 58.2% 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.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. The company has a P/E ratio of 15.16.

TheStreet Ratings rates Raytheon Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, 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 Raytheon 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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