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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, November 07, 2014, 20 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 24.7%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ivy High Income Opportunities Fund

Owners of

Ivy High Income Opportunities Fund

(NYSE:

IVH

) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $17.35 as of 9:29 a.m. ET, the dividend yield is 8.7%.

The average volume for Ivy High Income Opportunities Fund has been 72,000 shares per day over the past 30 days. Ivy High Income Opportunities Fund has a market cap of $287.1 million and is part of the financial services industry. Shares are down 3.7% 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.

Pool

TheStreet Recommends

Owners of

Pool

(NASDAQ:

POOL

) shares, as of market close today, will be eligible for a dividend of 22 cents per share. At a price of $60.33 as of 9:44 a.m. ET, the dividend yield is 1.4%.

The average volume for Pool has been 195,400 shares per day over the past 30 days. Pool has a market cap of $2.7 billion and is part of the consumer durables industry. Shares are up 3.4% 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.

Pool Corporation distributes swimming pool and related backyard products primarily in North America and Europe. The company offers approximately 160,000 national brand and its own-branded products to wholesale customers. The company has a P/E ratio of 25.66.

TheStreet Ratings rates

Pool

as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, good cash flow from operations 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

Pool Ratings Report

now.

Sonic

Owners of

Sonic

(NASDAQ:

SONC

) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $25.25 as of 9:46 a.m. ET, the dividend yield is 1.4%.

The average volume for Sonic has been 728,400 shares per day over the past 30 days. Sonic has a market cap of $1.4 billion and is part of the leisure industry. Shares are up 24.8% 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.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of January 07, 2014, it operated approximately 3,500 drive-in restaurants in 44 states. It also leases signs and real estate. The company has a P/E ratio of 30.06.

TheStreet Ratings rates

Sonic

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, impressive record of earnings per share growth and compelling growth 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

Sonic 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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