Tomorrow's Ex-Dividends To Watch: BOBE, TLM, TEX

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, Thursday, March 6, 2014, 5:00 AM ET, 46 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 10.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Bob Evans Farms

Owners of Bob Evans Farms (NASDAQ: BOBE) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $50.46 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Bob Evans Farms has been 287,100 shares per day over the past 30 days. Bob Evans Farms has a market cap of $1.3 billion and is part of the leisure industry. Shares are up 0.7% 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.

Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans brand name in the United States. It also sells retail gifts, food items, and other novelties in its Bob Evans restaurants, and 6 Bob Evans restaurants & general stores.

TheStreet Ratings rates Bob Evans Farms as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Bob Evans Farms Ratings Report now.

Talisman Energy

Owners of Talisman Energy (NYSE: TLM) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.28 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Talisman Energy has been 3.8 million shares per day over the past 30 days. Talisman Energy has a market cap of $10.6 billion and is part of the energy industry. Shares are down 11.6% 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.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids.

TheStreet Ratings rates Talisman Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. You can view the full Talisman Energy Ratings Report now.

Terex

Owners of Terex (NYSE: TEX) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $44.91 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for Terex has been 1.9 million shares per day over the past 30 days. Terex has a market cap of $4.9 billion and is part of the industrial industry. Shares are up 6.5% 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.

Terex Corporation operates as an equipment manufacturer of specialized machinery products. The company has a P/E ratio of 24.61.

TheStreet Ratings rates Terex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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 shows weak operating cash flow. You can view the full Terex 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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