5 Stocks Going Ex-Dividend Tomorrow: AFT, PDH, BMS, KLAC, WAG

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, Feb. 13, 2014, 38 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 11.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Apollo Senior Floating Rate Fund

Owners of Apollo Senior Floating Rate Fund (NYSE: AFT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $18.29 as of 9:32 a.m. ET, the dividend yield is 6.5%.

The average volume for Apollo Senior Floating Rate Fund has been 59,800 shares per day over the past 30 days. Apollo Senior Floating Rate Fund has a market cap of $286.0 million and is part of the financial services industry. Shares are up 0.8% 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.

PetroLogistics

Owners of PetroLogistics (NYSE: PDH) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $12.13 as of 9:35 a.m. ET, the dividend yield is 10.2%.

The average volume for PetroLogistics has been 332,400 shares per day over the past 30 days. PetroLogistics has a market cap of $1.6 billion and is part of the chemicals industry. Shares are up 4.5% 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.

PetroLogistics LP owns and operates propane dehydrogenation facility that processes propane into propylene in North America. It sells propylene, hydrogen, and C4 mix/C5+ streams to Petrochemical and Chemical companies. PetroLogistics LP has partnership with PetroLogistics GP LLC. The company has a P/E ratio of 9.13.

TheStreet Ratings rates PetroLogistics as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. You can view the full PetroLogistics Ratings Report now.

Bemis

Owners of Bemis (NYSE: BMS) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $39.35 as of 9:34 a.m. ET, the dividend yield is 2.8%.

The average volume for Bemis has been 668,000 shares per day over the past 30 days. Bemis has a market cap of $4.0 billion and is part of the consumer non-durables industry. Shares are down 4.4% 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.

Bemis Company, Inc. manufactures and sells flexible packaging products and pressure sensitive materials in North America, Latin America, Europe, and the Asia Pacific. The company operates in three segments: U.S. Packaging, Global Packaging, and Pressure Sensitive Materials. The company has a P/E ratio of 17.20.

TheStreet Ratings rates Bemis as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year 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 Bemis Ratings Report now.

KLA-Tencor Corporation

Owners of KLA-Tencor Corporation (NASDAQ: KLAC) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $63.83 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for KLA-Tencor Corporation has been 1.2 million shares per day over the past 30 days. KLA-Tencor Corporation has a market cap of $10.4 billion and is part of the electronics industry. Shares are down 3.3% 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.

KLA-Tencor Corporation engages in design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company has a P/E ratio of 19.06.

TheStreet Ratings rates KLA-Tencor Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations 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 KLA-Tencor Corporation Ratings Report now.

Walgreen Company

Owners of Walgreen Company (NYSE: WAG) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $64.47 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Walgreen Company has been 6.0 million shares per day over the past 30 days. Walgreen Company has a market cap of $57.6 billion and is part of the retail industry. Shares are up 11.8% 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.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company has a P/E ratio of 21.28.

TheStreet Ratings rates Walgreen Company 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 largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Walgreen 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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