Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: AT, CVA, KRC, MELI, AGNC

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. 26, 2013, 90 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 20.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Atlantic Power Corporation

Owners of Atlantic Power Corporation (NYSE: AT) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.26 as of 9:35 a.m. ET, the dividend yield is 9.1%.

The average volume for Atlantic Power Corporation has been 663,800 shares per day over the past 30 days. Atlantic Power Corporation has a market cap of $511.0 million and is part of the utilities industry. Shares are down 62.7% year to date as of the close of trading on Tuesday.

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

Covanta Holding Corporation

Owners of Covanta Holding Corporation (NYSE: CVA) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.55 as of 9:34 a.m. ET, the dividend yield is 3.1%.

The average volume for Covanta Holding Corporation has been 747,400 shares per day over the past 30 days. Covanta Holding Corporation has a market cap of $2.8 billion and is part of the materials & construction industry. Shares are up 17.1% year to date as of the close of trading on Tuesday.

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

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in North America. The company has a P/E ratio of 67.41.

TheStreet Ratings rates Covanta Holding Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Covanta Holding Corporation Ratings Report now.

Kilroy Realty Corporation

Owners of Kilroy Realty Corporation (NYSE: KRC) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $50.09 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Kilroy Realty Corporation has been 523,500 shares per day over the past 30 days. Kilroy Realty Corporation has a market cap of $3.8 billion and is part of the real estate industry. Shares are up 6.5% year to date as of the close of trading on Tuesday.

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

Kilroy Realty Corporation is a privately owned real estate investment trust. The firm engages in investment, development, and management of properties. It invests in the real estate markets of Southern California. The company has a P/E ratio of 13.35.

TheStreet Ratings rates Kilroy Realty Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Kilroy Realty Corporation Ratings Report now.

Mercadolibre

Owners of Mercadolibre (NASDAQ: MELI) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $130.49 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for Mercadolibre has been 481,400 shares per day over the past 30 days. Mercadolibre has a market cap of $5.7 billion and is part of the retail industry. Shares are up 63.9% year to date as of the close of trading on Tuesday.

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

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. The company has a P/E ratio of 54.79.

TheStreet Ratings rates Mercadolibre 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, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Mercadolibre Ratings Report now.

American Capital Agency

Owners of American Capital Agency (NASDAQ: AGNC) shares as of market close today will be eligible for a dividend of 80 cents per share. At a price of $24.17 as of 9:35 a.m. ET, the dividend yield is 13.5%.

The average volume for American Capital Agency has been 7.2 million shares per day over the past 30 days. American Capital Agency has a market cap of $9.4 billion and is part of the real estate industry. Shares are down 18% year to date as of the close of trading on Tuesday.

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

American Capital Agency Corp. operates as a real estate investment trust (REIT). The company has a P/E ratio of 2.88.

TheStreet Ratings rates American Capital Agency as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full American Capital Agency 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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