5 With Upcoming Ex-Dividend Dates: BTZ, HR, ENB, AVP, MSFT

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, Aug. 13, 2013, 45 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 20.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

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 $12.68 as of 9:30 a.m. ET, the dividend yield is 7.4%.

The average volume for BlackRock Credit Allocation Income has been 346,400 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 7.5% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Healthcare Realty

Owners of Healthcare Realty (NYSE: HR) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $24.54 as of 9:35 a.m. ET, the dividend yield is 4.8%.

The average volume for Healthcare Realty has been 863,900 shares per day over the past 30 days. Healthcare Realty has a market cap of $2.3 billion and is part of the real estate industry. Shares are up 2.7% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Healthcare Realty Trust Incorporated is an independent real estate investment trust. The firm invests in real estate markets of the United States.

TheStreet Ratings rates Healthcare Realty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Healthcare Realty Ratings Report now.

Enbridge

Owners of Enbridge (NYSE: ENB) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $42.90 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Enbridge has been 988,100 shares per day over the past 30 days. Enbridge has a market cap of $35.9 billion and is part of the energy industry. Shares are down 0.6% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company has a P/E ratio of 57.93.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and disappointing return on equity. You can view the full Enbridge Ratings Report now.

Avon Products

Owners of Avon Products (NYSE: AVP) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $21.87 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Avon Products has been 3.7 million shares per day over the past 30 days. Avon Products has a market cap of $9.5 billion and is part of the consumer non-durables industry. Shares are up 53.1% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Avon Products, Inc. manufactures and markets beauty and related products.

TheStreet Ratings rates Avon Products as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Avon Products Ratings Report now.

Microsoft Corporation

Owners of Microsoft Corporation (NASDAQ: MSFT) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $32.68 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for Microsoft Corporation has been 48.4 million shares per day over the past 30 days. Microsoft Corporation has a market cap of $274.0 billion and is part of the computer software & services industry. Shares are up 22.4% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Microsoft Corporation develops, licenses, and supports software, services, and solutions worldwide. Its Windows division develops and markets PC operating systems, related software, and online services, and PC hardware products. The company has a P/E ratio of 12.75.

TheStreet Ratings rates Microsoft Corporation 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, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Microsoft Corporation 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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