5 Stocks Going Ex-Dividend Tomorrow: JRI, BTZ, AEC, ARR, ABBV

Tomorrow, July 11, 2013, 30 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 21.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Nuveen Real Asset Income and Growth Fund

Owners of Nuveen Real Asset Income and Growth Fund (NYSE: JRI) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $19.17 as of 9:30 a.m. ET, the dividend yield is 7.8%.

The average volume for Nuveen Real Asset Income and Growth Fund has been 53,400 shares per day over the past 30 days. Nuveen Real Asset Income and Growth Fund has a market cap of $179.2 million and is part of the financial services industry. Shares are up 1% year to date as of the close of trading on Tuesday.

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You can view the full Nuveen Real Asset Income and Growth Fund Ratings Report now.

BlackRock Credit Allocation Income

Owners of BlackRock Credit Allocation Income (NYSE: BTZ) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.69 as of 9:35 a.m. ET, the dividend yield is 7.5%.

The average volume for BlackRock Credit Allocation Income has been 325,400 shares per day over the past 30 days. BlackRock Credit Allocation Income has a market cap of $1.4 billion and is part of the financial services industry. Shares are down 8.2% 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.

You can view the full BlackRock Credit Allocation Income Ratings Report now.

Associated Estates Realty

Owners of Associated Estates Realty (NYSE: AEC) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $16.53 as of 9:35 a.m. ET, the dividend yield is 4.7%.

The average volume for Associated Estates Realty has been 803,800 shares per day over the past 30 days. Associated Estates Realty has a market cap of $936.6 million and is part of the real estate industry. Shares are up 1% year to date as of the close of trading on Tuesday.

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Associated Estates Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It specializes in owning and managing apartment communities in the Midwest, Mid-Atlantic and Southeast regions of the United States. The company has a P/E ratio of 108.53.

TheStreet Ratings rates Associated Estates Realty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Associated Estates Realty Ratings Report now.

ARMOUR Residential REIT

Owners of ARMOUR Residential REIT (NYSE: ARR) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $4.37 as of 9:36 a.m. ET, the dividend yield is 19.5%.

The average volume for ARMOUR Residential REIT has been 8.1 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $1.6 billion and is part of the real estate industry. Shares are down 33.5% 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.

ARMOUR Residential REIT, Inc. is a real estate investment trust launched and managed by ARMOUR Residential Management LLC. It invests in the real estate markets of the United States. The company has a P/E ratio of 5.44.

TheStreet Ratings rates ARMOUR Residential REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full ARMOUR Residential REIT Ratings Report now.

AbbVie

Owners of AbbVie (NYSE: ABBV) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $43.50 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for AbbVie has been 5.6 million shares per day over the past 30 days. AbbVie has a market cap of $69.2 billion and is part of the drugs industry. Shares are up 27.9% 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.

The company has a P/E ratio of 12.88.

You can view the full AbbVie 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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