3 Stocks Going Ex-Dividend Tomorrow: VNR, VAL, MTB

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, August 28, 2014, 44 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 8.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Vanguard Natural Resources

Owners of Vanguard Natural Resources (NASDAQ: VNR) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $29.80 as of 9:41 a.m. ET, the dividend yield is 8.4%.

The average volume for Vanguard Natural Resources has been 437,700 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $2.5 billion and is part of the energy industry. Shares are up 1.6% year-to-date as of the close of trading on Tuesday.

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Vanguard Natural Resources, LLC, through its subsidiaries, acquires and develops oil and natural gas properties in the United States. The company has a P/E ratio of 1502.00.

TheStreet Ratings rates Vanguard Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. You can view the full Vanguard Natural Resources Ratings Report now.

Valspar

Owners of Valspar (NYSE: VAL) shares, as of market close today, will be eligible for a dividend of 26 cents per share. At a price of $80.89 as of 9:41 a.m. ET, the dividend yield is 1.3%.

The average volume for Valspar has been 436,400 shares per day over the past 30 days. Valspar has a market cap of $6.7 billion and is part of the chemicals industry. Shares are up 13.4% year-to-date as of the close of trading on Tuesday.

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The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The company has a P/E ratio of 22.50.

TheStreet Ratings rates Valspar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. 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 Valspar Ratings Report now.

M&T Bank

Owners of M&T Bank (NYSE: MTB) shares, as of market close today, will be eligible for a dividend of 70 cents per share. At a price of $124.13 as of 9:41 a.m. ET, the dividend yield is 2.3%.

The average volume for M&T Bank has been 604,100 shares per day over the past 30 days. M&T Bank has a market cap of $16.3 billion and is part of the banking industry. Shares are up 6.7% year-to-date as of the close of trading on Tuesday.

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M&T Bank Corporation operates as the bank holding company for M&T Bank that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. The company has a P/E ratio of 17.05.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full M&T Bank 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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