4 With Upcoming Ex-Dividend Dates: DSL, SEAS, AAP, LVS

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, Sept. 18, 2013, 16 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 9.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

DoubleLine Income Solutions Fund

Owners of DoubleLine Income Solutions Fund (NYSE: DSL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $20.45 as of 9:35 a.m. ET, the dividend yield is 9%.

The average volume for DoubleLine Income Solutions Fund has been 403,300 shares per day over the past 30 days. DoubleLine Income Solutions Fund has a market cap of $2.0 billion and is part of the financial services industry. Shares are unchanged 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.

SeaWorld Entertainment

Owners of SeaWorld Entertainment (NYSE: SEAS) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $30.90 as of 9:31 a.m. ET, the dividend yield is 2.5%.

The average volume for SeaWorld Entertainment has been 460,200 shares per day over the past 30 days. SeaWorld Entertainment has a market cap of $2.9 billion and is part of the leisure industry. Shares are unchanged 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.

Advance Auto Parts

Owners of Advance Auto Parts (NYSE: AAP) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $79.55 as of 9:35 a.m. ET, the dividend yield is 0.3%.

The average volume for Advance Auto Parts has been 642,000 shares per day over the past 30 days. Advance Auto Parts has a market cap of $5.8 billion and is part of the retail industry. Shares are up 9.7% 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.

Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP), and Autopart International (AI). The company has a P/E ratio of 14.95.

TheStreet Ratings rates Advance Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, expanding profit margins and growth in earnings per share. 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 Advance Auto Parts Ratings Report now.

Las Vegas Sands

Owners of Las Vegas Sands (NYSE: LVS) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $63.88 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Las Vegas Sands has been 4.9 million shares per day over the past 30 days. Las Vegas Sands has a market cap of $52.4 billion and is part of the leisure industry. Shares are up 37.7% 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.

Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company has a P/E ratio of 27.87.

TheStreet Ratings rates Las Vegas Sands as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Las Vegas Sands 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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