5 Stocks Going Ex-Dividend Tomorrow: AFB, NMM, LPLA, HAR, WFC

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, Nov. 6, 2013, 75 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 10.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

AllianceBernstein National Municipal Income

Owners of AllianceBernstein National Municipal Income (NYSE: AFB) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.75 as of 9:34 a.m. ET, the dividend yield is 6.8%.

The average volume for AllianceBernstein National Municipal Income has been 123,000 shares per day over the past 30 days. AllianceBernstein National Municipal Income has a market cap of $368.2 million and is part of the financial services industry. Shares are down 17.6% 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.

Navios Maritime Partners L.P

Owners of Navios Maritime Partners L.P (NYSE: NMM) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $16.95 as of 9:30 a.m. ET, the dividend yield is 10.7%.

The average volume for Navios Maritime Partners L.P has been 477,400 shares per day over the past 30 days. Shares are up 34.4% 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.

Navios Maritime Partners L.P. engages in the ownership and operation of dry cargo vessels in Europe, Asia, North America, and Australia. The company has a P/E ratio of 11.96.

TheStreet Ratings rates Navios Maritime Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Navios Maritime Partners L.P Ratings Report now.

LPL Financial Holdings

Owners of LPL Financial Holdings (NASDAQ: LPLA) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $40.90 as of 9:30 a.m. ET, the dividend yield is 1.9%.

The average volume for LPL Financial Holdings has been 685,900 shares per day over the past 30 days. LPL Financial Holdings has a market cap of $4.1 billion and is part of the financial services industry. Shares are up 44.7% 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.

LPL Financial Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. The company has a P/E ratio of 24.85.

TheStreet Ratings rates LPL Financial Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full LPL Financial Holdings Ratings Report now.

Harman International Industries

Owners of Harman International Industries (NYSE: HAR) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $81.26 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Harman International Industries has been 851,900 shares per day over the past 30 days. Harman International Industries has a market cap of $5.5 billion and is part of the consumer durables industry. Shares are up 83.6% 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.

Harman International Industries, Incorporated designs, develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. The company has a P/E ratio of 42.91.

TheStreet Ratings rates Harman International Industries 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 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 Harman International Industries Ratings Report now.

Wells Fargo

Owners of Wells Fargo (NYSE: WFC) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $42.70 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Wells Fargo has been 17.1 million shares per day over the past 30 days. Wells Fargo has a market cap of $226.6 billion and is part of the banking industry. Shares are up 24.8% 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.

Wells Fargo & Company provides retail, commercial, and corporate banking services. The company has a P/E ratio of 11.23.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. 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 Wells Fargo 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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