Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: SMG, VMC, MAT

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, Monday, August 25, 2014, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 11.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Scotts Miracle Gro

Owners of Scotts Miracle Gro (NYSE: SMG) shares, as of market close today, will be eligible for a dividend of 45 cents per share. At a price of $59.44 as of 9:41 a.m. ET, the dividend yield is 3.1%.

The average volume for Scotts Miracle Gro has been 293,500 shares per day over the past 30 days. Scotts Miracle Gro has a market cap of $3.6 billion and is part of the chemicals industry. Shares are down 4.3% 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.

The Scotts Miracle-Gro Company is engaged in manufacturing, marketing, and selling consumer lawn and garden care products. The company has a P/E ratio of 22.57.

TheStreet Ratings rates Scotts Miracle Gro as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Scotts Miracle Gro Ratings Report now.

Vulcan Materials

Owners of Vulcan Materials (NYSE: VMC) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $62.72 as of 9:41 a.m. ET, the dividend yield is 0.4%.

The average volume for Vulcan Materials has been 772,800 shares per day over the past 30 days. Vulcan Materials has a market cap of $8.2 billion and is part of the materials & construction industry. Shares are up 6.2% 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.

Vulcan Materials Company produces and sells construction aggregates, asphalt mix, ready-mixed concrete, and cement primarily in the United States. The company's Aggregates segment offers crushed stone, sand and gravel, sand, and other aggregates, as well as related products and services. The company has a P/E ratio of 54.09.

TheStreet Ratings rates Vulcan Materials as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Vulcan Materials Ratings Report now.

Mattel

Owners of Mattel (NASDAQ: MAT) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $35.18 as of 9:41 a.m. ET, the dividend yield is 4.4%.

The average volume for Mattel has been 2.6 million shares per day over the past 30 days. Mattel has a market cap of $11.8 billion and is part of the consumer durables industry. Shares are down 25.9% 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.

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It also publishes Advice and Activity books and the American Girl magazine. The company has a P/E ratio of 15.11.

TheStreet Ratings rates Mattel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mattel 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

More from Markets

U.S. Steel Workers Set to Get Wage Hikes Amid Tariffs

U.S. Steel Workers Set to Get Wage Hikes Amid Tariffs

IBM Shares Fall Hard a Day After Disappointing Earnings

IBM Shares Fall Hard a Day After Disappointing Earnings

Constellation Brands CEO Stepping Down Just as Canada Legalizes Cannabis

Constellation Brands CEO Stepping Down Just as Canada Legalizes Cannabis

Dow Slips for Fifth Day in Seven, Led Lower by IBM, Home Depot

Dow Slips for Fifth Day in Seven, Led Lower by IBM, Home Depot

How a No Deal Brexit Would Impact U.K. Stocks

How a No Deal Brexit Would Impact U.K. Stocks