Tomorrow's Ex-Dividends To Watch: ECT, RGR, AIV, PCAR, SPG

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. 14, 2013, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 18.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

ECA Marcellus Trust I

Owners of ECA Marcellus Trust I (NYSE: ECT) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $10.66 as of 9:36 a.m. ET, the dividend yield is 18.2%.

The average volume for ECA Marcellus Trust I has been 116,900 shares per day over the past 30 days. ECA Marcellus Trust I has a market cap of $184.1 million and is part of the energy industry. Shares are down 31.5% year to date as of the close of trading on Monday.

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 4.45.

Sturm Ruger & Company

Owners of Sturm Ruger & Company (NYSE: RGR) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $56.27 as of 9:36 a.m. ET, the dividend yield is 4.6%.

The average volume for Sturm Ruger & Company has been 310,600 shares per day over the past 30 days. Sturm Ruger & Company has a market cap of $1.1 billion and is part of the aerospace/defense industry. Shares are up 24.2% year to date as of the close of trading on Monday.

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

Sturm, Ruger & Company, Inc. engages in the design, manufacture, and sale of firearms in the United States. The company offers single-shot, auto loading, bolt-action, and sporting rifles; single-action and double-action revolvers; and rim fire auto loading and center fire auto loading pistols. The company has a P/E ratio of 11.94.

TheStreet Ratings rates Sturm Ruger & Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Sturm Ruger & Company Ratings Report now.

Apartment Investment & Management

Owners of Apartment Investment & Management (NYSE: AIV) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $28.82 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for Apartment Investment & Management has been 1.4 million shares per day over the past 30 days. Apartment Investment & Management has a market cap of $4.3 billion and is part of the real estate industry. Shares are up 7.2% year to date as of the close of trading on Monday.

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

Apartment Investment and Management Company (AIMCO) is a real estate investment manager. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties.

TheStreet Ratings rates Apartment Investment & Management as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Apartment Investment & Management Ratings Report now.

PACCAR

Owners of PACCAR (NASDAQ: PCAR) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $56.34 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for PACCAR has been 1.5 million shares per day over the past 30 days. PACCAR has a market cap of $19.8 billion and is part of the automotive industry. Shares are up 23.7% year to date as of the close of trading on Monday.

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

PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. The company has a P/E ratio of 19.56.

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

Simon Property Group

At a price of $156.48 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Simon Property Group has been 1.4 million shares per day over the past 30 days. Simon Property Group has a market cap of $49.0 billion and is part of the real estate industry. Shares are down 0.1% year to date as of the close of trading on Monday.

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

Simon Property Group, Inc. is an independent equity real estate investment trust. It engages in investment, ownership, and management of properties. The firm invests in the real estate markets across the globe. The company has a P/E ratio of 40.92.

TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Simon Property Group 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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