Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: NEV, BKW, CNW, AGCO, EXC

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:

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 $13.51 as of 9:34 a.m. ET, the dividend yield is 7.1%.

The average volume for Nuveen Enhanced Municipal Value Fund has been 102,400 shares per day over the past 30 days. Nuveen Enhanced Municipal Value Fund has a market cap of $285.8 million and is part of the financial services industry. Shares are down 15.5% 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.

Burger King Worldwide

Owners of Burger King Worldwide (NYSE: BKW) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $19.77 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Burger King Worldwide has been 776,800 shares per day over the past 30 days. Burger King Worldwide has a market cap of $6.9 billion and is part of the leisure industry. Shares are up 20.6% 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.

Burger King Worldwide, Inc., together with its subsidiaries, operates and franchises fast food hamburger restaurants, primarily under the Burger King brand worldwide. The company has a P/E ratio of 45.70.

TheStreet Ratings rates Burger King Worldwide as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Burger King Worldwide Ratings Report now.

Con-way

Owners of Con-way (NYSE: CNW) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $43.58 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Con-way has been 752,200 shares per day over the past 30 days. Con-way has a market cap of $2.5 billion and is part of the transportation industry. Shares are up 57.2% 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.

Con-way Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services to various manufacturing, industrial, and retail customers in North America and internationally. The company has a P/E ratio of 26.61.

TheStreet Ratings rates Con-way as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Con-way Ratings Report now.

AGCO

Owners of AGCO (NYSE: AGCO) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $56.24 as of 9:36 a.m. ET, the dividend yield is 0.7%.

The average volume for AGCO has been 924,500 shares per day over the past 30 days. AGCO has a market cap of $5.5 billion and is part of the industrial industry. Shares are up 15.2% 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.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has a P/E ratio of 10.64.

TheStreet Ratings rates AGCO as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full AGCO Ratings Report now.

Exelon

Owners of Exelon (NYSE: EXC) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $30.99 as of 9:36 a.m. ET, the dividend yield is 4%.

The average volume for Exelon has been 6.5 million shares per day over the past 30 days. Exelon has a market cap of $26.8 billion and is part of the utilities industry. Shares are up 5.1% 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.

Exelon Corporation, a utility services holding company, engages in the energy generation and distribution business in the United States. The company has a P/E ratio of 22.88.

TheStreet Ratings rates Exelon as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Exelon 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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