5 Stocks Going Ex-Dividend Tomorrow: IQI, RES, RGA, UN, IBM

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:

Invesco Quality Municipal Income

Owners of Invesco Quality Municipal Income (NYSE: IQI) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.26 as of 9:33 a.m. ET, the dividend yield is 7.3%.

The average volume for Invesco Quality Municipal Income has been 162,700 shares per day over the past 30 days. Invesco Quality Municipal Income has a market cap of $597.1 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.

The company has a P/E ratio of 11.29.

RPC

Owners of RPC (NYSE: RES) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $18.39 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for RPC has been 436,500 shares per day over the past 30 days. RPC has a market cap of $4.0 billion and is part of the energy industry. Shares are up 49.6% 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.

RPC, Inc. provides oilfield services and equipment for oil and gas companies engaged in the exploration, production, and development of oil and gas properties in the United States, Canada, Eastern Europe, Latin America, Africa, the Middle East, China, New Zealand. The company has a P/E ratio of 21.29.

TheStreet Ratings rates RPC as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full RPC Ratings Report now.

Reinsurance Group of America

Owners of Reinsurance Group of America (NYSE: RGA) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $70.64 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Reinsurance Group of America has been 400,700 shares per day over the past 30 days. Reinsurance Group of America has a market cap of $5.0 billion and is part of the insurance industry. Shares are up 32.6% 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.

Reinsurance Group of America, Incorporated engages in the life and health reinsurance business. The company has a P/E ratio of 10.50.

TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Reinsurance Group of America Ratings Report now.

Unilever

Owners of Unilever (NYSE: UN) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $39.44 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Unilever has been 1.8 million shares per day over the past 30 days. Shares are up 2.3% 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.

The company has a P/E ratio of 28.81.

International Business Machines

Owners of International Business Machines (NYSE: IBM) shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $179.43 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for International Business Machines has been 4.3 million shares per day over the past 30 days. International Business Machines has a market cap of $194.6 billion and is part of the computer software & services industry. Shares are down 6.4% 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.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12.47.

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

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%