Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: WGL, LNC, GIS

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, Tuesday, April 8, 2014, 4:00 AM ET, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 4.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

WGL Holdings

Owners of WGL Holdings (NYSE: WGL) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $39.23 as of 9:40 a.m. ET, the dividend yield is 4.4%.

The average volume for WGL Holdings has been 347,200 shares per day over the past 30 days. WGL Holdings has a market cap of $2.1 billion and is part of the utilities industry. Shares are down 1.2% year-to-date as of the close of trading on Friday.

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

WGL Holdings, Inc., through its subsidiaries, sells and delivers natural gas, and provides energy-related products and services. The company operates in four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The company has a P/E ratio of 44.70.

TheStreet Ratings rates WGL Holdings as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full WGL Holdings Ratings Report now.

Lincoln National Corp (Radnor

Owners of Lincoln National Corp (Radnor (NYSE: LNC) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $49.69 as of 9:41 a.m. ET, the dividend yield is 1.3%.

The average volume for Lincoln National Corp (Radnor has been 2.1 million shares per day over the past 30 days. Lincoln National Corp (Radnor has a market cap of $13.6 billion and is part of the insurance industry. Shares are down 2.4% year-to-date as of the close of trading on Friday.

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

Lincoln National Corporation, through its subsidiaries, is engaged in multiple insurance and retirement businesses in the United States. The company operates in Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments. The company has a P/E ratio of 11.17.

TheStreet Ratings rates Lincoln National Corp (Radnor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity 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 Lincoln National Corp (Radnor Ratings Report now.

General Mills

Owners of General Mills (NYSE: GIS) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $51.58 as of 9:41 a.m. ET, the dividend yield is 3.2%.

The average volume for General Mills has been 3.3 million shares per day over the past 30 days. General Mills has a market cap of $32.1 billion and is part of the food & beverage industry. Shares are up 2.7% year-to-date as of the close of trading on Friday.

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

General Mills, Inc. produces and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company has a P/E ratio of 18.85.

TheStreet Ratings rates General Mills as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. 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 General Mills 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.
null

If you liked this article you might like

5 Things You Must Know Before the Market Opens Thursday

5 Things You Must Know Before the Market Opens Thursday

AltaGas Buying WGL for $6.4 Billion

AltaGas Buying WGL for $6.4 Billion

These Stocks Are Hardly the Star Performers

These Stocks Are Hardly the Star Performers

3 Stocks Going Ex-Dividend Tomorrow: ARP, PSO, WGL

3 Stocks Going Ex-Dividend Tomorrow: ARP, PSO, WGL

New Lifetime High Reached By WGL Holdings (WGL)

New Lifetime High Reached By WGL Holdings (WGL)