Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: TNH, NXST, PCL, AZN, DUK

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:

Terra Nitrogen Company L.P

At a price of $227.86 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for Terra Nitrogen Company L.P has been 14,800 shares per day over the past 30 days. Terra Nitrogen Company L.P has a market cap of $4.2 billion and is part of the chemicals industry. Shares are up 6.5% 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.

Terra Nitrogen Company, L.P. engages in the production and sale of nitrogen fertilizer products. It primarily offers anhydrous ammonia and urea ammonium nitrate solutions. Terra Nitrogen GP Inc. serves as the general partner of the company. Terra Nitrogen Company, L.P. The company has a P/E ratio of 12.39.

TheStreet Ratings rates Terra Nitrogen Company L.P 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Terra Nitrogen Company L.P Ratings Report now.

Nexstar Broadcasting Group

Owners of Nexstar Broadcasting Group (NASDAQ: NXST) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $32.36 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Nexstar Broadcasting Group has been 653,100 shares per day over the past 30 days. Nexstar Broadcasting Group has a market cap of $957.7 million and is part of the media industry. Shares are up 204.9% 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.

Nexstar Broadcasting Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets in the United States. The company has a P/E ratio of 5.81.

TheStreet Ratings rates Nexstar Broadcasting Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance 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 Nexstar Broadcasting Group Ratings Report now.

Plum Creek Timber

Owners of Plum Creek Timber (NYSE: PCL) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $47.01 as of 9:36 a.m. ET, the dividend yield is 3.7%.

The average volume for Plum Creek Timber has been 878,000 shares per day over the past 30 days. Plum Creek Timber has a market cap of $7.8 billion and is part of the real estate industry. Shares are up 6.3% 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.

Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company has a P/E ratio of 32.47.

TheStreet Ratings rates Plum Creek Timber as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Plum Creek Timber Ratings Report now.

AstraZeneca

Owners of AstraZeneca (NYSE: AZN) shares as of market close today will be eligible for a dividend of 90 cents per share. At a price of $51.31 as of 9:35 a.m. ET, the dividend yield is 5.5%.

The average volume for AstraZeneca has been 1.8 million shares per day over the past 30 days. AstraZeneca has a market cap of $63.5 billion and is part of the drugs industry. Shares are up 7.4% 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.

AstraZeneca PLC engages in the discovery, development, and commercialization of prescription medicines for cardiovascular, gastrointestinal, neuroscience, infection, oncology, and respiratory and inflammation diseases worldwide. The company has a P/E ratio of 10.17.

TheStreet Ratings rates AstraZeneca 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, attractive valuation levels, good cash flow from operations, expanding profit margins 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 AstraZeneca Ratings Report now.

Duke Energy Corporation

Owners of Duke Energy Corporation (NYSE: DUK) shares as of market close today will be eligible for a dividend of 78 cents per share. At a price of $70.70 as of 9:36 a.m. ET, the dividend yield is 4.4%.

The average volume for Duke Energy Corporation has been 3.2 million shares per day over the past 30 days. Duke Energy Corporation has a market cap of $49.9 billion and is part of the utilities industry. Shares are up 10.9% 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.

Duke Energy Corporation operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. The company has a P/E ratio of 25.37.

TheStreet Ratings rates Duke Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations 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 Duke Energy 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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