Tomorrow's Ex-Dividends To Watch: ACO, TFX, AVT

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, Friday, Feb. 28, 2014, 5:00 AM ET, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 14.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

AMCOL International Corporation

Owners of AMCOL International Corporation (NYSE: ACO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $44.65 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for AMCOL International Corporation has been 283,400 shares per day over the past 30 days. AMCOL International Corporation has a market cap of $1.4 billion and is part of the metals & mining industry. Shares are up 31% 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.

AMCOL International Corporation engages in the development and application of minerals and technology products and services to various industrial and consumer markets. It operates in four segments: Minerals and Materials, Environmental, Oilfield Services, and Transportation. The company has a P/E ratio of 41.36.

TheStreet Ratings rates AMCOL International Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full AMCOL International Corporation Ratings Report now.

Teleflex

Owners of Teleflex (NYSE: TFX) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $101.64 as of 9:33 a.m. ET, the dividend yield is 1.3%.

The average volume for Teleflex has been 262,900 shares per day over the past 30 days. Teleflex has a market cap of $4.2 billion and is part of the health services industry. Shares are up 7.7% 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.

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures worldwide. The company has a P/E ratio of 29.52.

TheStreet Ratings rates Teleflex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 Teleflex Ratings Report now.

Avnet

Owners of Avnet (NYSE: AVT) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $42.99 as of 9:34 a.m. ET, the dividend yield is 1.4%.

The average volume for Avnet has been 836,300 shares per day over the past 30 days. Avnet has a market cap of $5.9 billion and is part of the wholesale industry. Shares are down 2.6% 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.

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. The company has a P/E ratio of 13.01.

TheStreet Ratings rates Avnet as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Avnet 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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