Dividend Watch: 5 Stocks Going Ex-Dividend Thursday: CNSL, FSC, TRN, ABBV, POT

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.

Thursday, Oct. 10, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 15.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

Consolidated Communications

Owners of Consolidated Communications (NASDAQ: CNSL) shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $17.76 as of 4:00 p.m. ET, the dividend yield is 8.8%.

The average volume for Consolidated Communications has been 171,100 shares per day over the past 30 days. Consolidated Communications has a market cap of $707.2 million and is part of the telecommunications industry. Shares are up 10.8% 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.

Consolidated Communications Holdings, Inc., together with its subsidiaries, provides telecommunications services to residential and business customers in Illinois, Texas, Pennsylvania, California, Kansas, and Missouri. The company has a P/E ratio of 40.07.

TheStreet Ratings rates Consolidated Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and disappointing return on equity. You can view the full Consolidated Communications Ratings Report now.

Fifth Street Finance Corporation

Owners of Fifth Street Finance Corporation (NASDAQ: FSC) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $10.22 as of 4:00 p.m. ET, the dividend yield is 11.2%.

The average volume for Fifth Street Finance Corporation has been 1.3 million shares per day over the past 30 days. Fifth Street Finance Corporation has a market cap of $1.2 billion and is part of the financial services industry. Shares are down 1.2% 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.

The company has a P/E ratio of 10.09.

Trinity Industries

Owners of Trinity Industries (NYSE: TRN) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $43.83 as of 4:03 p.m. ET, the dividend yield is 1.3%.

The average volume for Trinity Industries has been 1.3 million shares per day over the past 30 days. Trinity Industries has a market cap of $3.6 billion and is part of the transportation industry. Shares are up 26.2% 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.

Trinity Industries, Inc. provides products and services to the industrial, energy, transportation, and construction sectors primarily in the United States, Canada, Mexico, the United Kingdom, Singapore, and Sweden. The company has a P/E ratio of 12.35.

TheStreet Ratings rates Trinity Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 Trinity Industries Ratings Report now.

AbbVie

Owners of AbbVie (NYSE: ABBV) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $46.09 as of 4:01 p.m. ET, the dividend yield is 3.5%.

The average volume for AbbVie has been 4.0 million shares per day over the past 30 days. AbbVie has a market cap of $72.9 billion and is part of the drugs industry. Shares are up 34.6% 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.

The company has a P/E ratio of 14.10.

Potash Corporation of Saskatchewan

Owners of Potash Corporation of Saskatchewan (NYSE: POT) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $32.73 as of 4:02 p.m. ET, the dividend yield is 4.4%.

The average volume for Potash Corporation of Saskatchewan has been 14.6 million shares per day over the past 30 days. Potash Corporation of Saskatchewan has a market cap of $27.3 billion and is part of the chemicals industry. Shares are down 22.6% 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.

Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. The company has a P/E ratio of 12.21.

TheStreet Ratings rates Potash Corporation of Saskatchewan as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins 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 Potash Corporation of Saskatchewan 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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