5 Stocks Going Ex-Dividend Tomorrow: NEV, JMI, WSO, SAI, ABT

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 Enhanced Municipal Value Fund

Owners of Nuveen Enhanced Municipal Value Fund (NYSE: NEV) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.96 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for Nuveen Enhanced Municipal Value Fund has been 90,900 shares per day over the past 30 days. Nuveen Enhanced Municipal Value Fund has a market cap of $272.3 million and is part of the financial services industry. Shares are down 12.4% 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 Nuveen Enhanced Municipal Value Fund Ratings Report now.

JAVELIN Mortgage Investment

Owners of JAVELIN Mortgage Investment (NYSE: JMI) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $13.11 as of 9:36 a.m. ET, the dividend yield is 21.3%.

The average volume for JAVELIN Mortgage Investment has been 563,000 shares per day over the past 30 days. JAVELIN Mortgage Investment has a market cap of $175.2 million and is part of the real estate industry. Shares are down 32% 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 JAVELIN Mortgage Investment Ratings Report now.

Watsco

Owners of Watsco (NYSE: WSO) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $89.37 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Watsco has been 167,000 shares per day over the past 30 days. Watsco has a market cap of $2.6 billion and is part of the wholesale industry. Shares are up 19.1% 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.

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States, Canada, Puerto Rico, and Mexico. The company has a P/E ratio of 30.58.

TheStreet Ratings rates Watsco 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, compelling growth in net income, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Watsco Ratings Report now.

SAIC

Owners of SAIC (NYSE: SAI) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.12 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for SAIC has been 3.5 million shares per day over the past 30 days. SAIC has a market cap of $4.8 billion and is part of the computer software & services industry. Shares are up 24.7% 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.

SAIC, Inc. provides scientific, engineering, systems integration, and technical services and solutions in the areas of defense, health, energy, infrastructure, intelligence, surveillance, reconnaissance, and cybersecurity to agencies of the U.S. The company has a P/E ratio of 9.94.

TheStreet Ratings rates SAIC 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, reasonable valuation levels, good cash flow from operations, notable return on equity 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 SAIC Ratings Report now.

Abbott Laboratories

Owners of Abbott Laboratories (NYSE: ABT) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $34.92 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Abbott Laboratories has been 7.1 million shares per day over the past 30 days. Abbott Laboratories has a market cap of $55.2 billion and is part of the health services industry. Shares are up 8.1% 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.

Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. The company has a P/E ratio of 9.22.

TheStreet Ratings rates Abbott Laboratories as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Abbott Laboratories 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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