Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: MNR, FNV, RRD, CVC, LLY

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:

Monmouth Real Estate Investment

Owners of Monmouth Real Estate Investment (NYSE: MNR) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $9.76 as of 9:30 a.m. ET, the dividend yield is 6.2%.

The average volume for Monmouth Real Estate Investment has been 141,800 shares per day over the past 30 days. Monmouth Real Estate Investment has a market cap of $411.7 million and is part of the real estate industry. Shares are down 4.8% 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.

Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust. It owns, manages, and leases properties to investment-grade tenants on long-term leases. The firm invests in the public equity and real estate markets of the United States. The company has a P/E ratio of 20.64.

TheStreet Ratings rates Monmouth Real Estate Investment as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Monmouth Real Estate Investment Ratings Report now.

Franco-Nevada

Owners of Franco-Nevada (NYSE: FNV) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $43.22 as of 9:36 a.m. ET, the dividend yield is 1.8%.

The average volume for Franco-Nevada has been 458,500 shares per day over the past 30 days. Franco-Nevada has a market cap of $6.0 billion and is part of the metals & mining industry. Shares are down 27% 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.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. The company has a P/E ratio of 78.27.

TheStreet Ratings rates Franco-Nevada as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow. You can view the full Franco-Nevada Ratings Report now.

R.R. Donnelley & Sons Company

Owners of R.R. Donnelley & Sons Company (NASDAQ: RRD) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $19.20 as of 9:35 a.m. ET, the dividend yield is 5.5%.

The average volume for R.R. Donnelley & Sons Company has been 2.0 million shares per day over the past 30 days. R.R. Donnelley & Sons Company has a market cap of $3.5 billion and is part of the diversified services industry. Shares are up 112.2% 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.

R.R. Donnelley & Sons Company provides integrated communication solutions to private and public sectors worldwide.

TheStreet Ratings rates R.R. Donnelley & Sons Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. 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 R.R. Donnelley & Sons Company Ratings Report now.

Cablevision Systems

Owners of Cablevision Systems (NYSE: CVC) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $19.79 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for Cablevision Systems has been 3.3 million shares per day over the past 30 days. Cablevision Systems has a market cap of $4.2 billion and is part of the media industry. Shares are up 31.3% 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.

Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other.

TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Cablevision Systems Ratings Report now.

Eli Lilly and Company

Owners of Eli Lilly and Company (NYSE: LLY) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $53.85 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for Eli Lilly and Company has been 5.1 million shares per day over the past 30 days. Eli Lilly and Company has a market cap of $60.4 billion and is part of the drugs industry. Shares are up 9.9% 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.

Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company has a P/E ratio of 12.01.

TheStreet Ratings rates Eli Lilly and Company 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 increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Eli Lilly and Company 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.

null

More from Markets

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Tiffany & Co. Sees a Strong Market in Asia

Tiffany & Co. Sees a Strong Market in Asia

Imagining the Stock Market in 10 Years

Imagining the Stock Market in 10 Years

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss