Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: OIA, GORO, MIC, DAN, COF

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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 Municipal Income Opportunities Trus

Owners of Invesco Municipal Income Opportunities Trus (NYSE: OIA) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $6.13 as of 9:33 a.m. ET, the dividend yield is 6.8%.

The average volume for Invesco Municipal Income Opportunities Trus has been 132,100 shares per day over the past 30 days. Invesco Municipal Income Opportunities Trus has a market cap of $292.1 million and is part of the financial services industry. Shares are down 15.8% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 11.62.

Gold Resource

Owners of Gold Resource (AMEX: GORO) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $5.57 as of 9:33 a.m. ET, the dividend yield is 6.4%.

The average volume for Gold Resource has been 674,200 shares per day over the past 30 days. Gold Resource has a market cap of $298.4 million and is part of the metals & mining industry. Shares are down 63.7% year to date as of the close of trading on Monday.

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Gold Resource Corporation engages in the exploration for and production of gold and silver in Mexico. The company also explores for copper, lead, and zinc. The company has a P/E ratio of 14.00.

TheStreet Ratings rates Gold Resource as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Gold Resource Ratings Report now.

Macquarie Infrastructure Company

Owners of Macquarie Infrastructure Company (NYSE: MIC) shares as of market close today will be eligible for a dividend of 88 cents per share. At a price of $55.11 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for Macquarie Infrastructure Company has been 293,700 shares per day over the past 30 days. Macquarie Infrastructure Company has a market cap of $2.9 billion and is part of the wholesale industry. Shares are up 21.1% year to date as of the close of trading on Monday.

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Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in a diversified group of infrastructure businesses in the United States. The company has a P/E ratio of 551.60.

TheStreet Ratings rates Macquarie Infrastructure Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. 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 Macquarie Infrastructure Company Ratings Report now.

Dana

Owners of Dana (NYSE: DAN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $19.29 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Dana has been 1.9 million shares per day over the past 30 days. Dana has a market cap of $2.8 billion and is part of the automotive industry. Shares are up 23.9% year to date as of the close of trading on Monday.

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Dana Holding Corporation engages in the design, manufacture, and supply of driveline products, technologies, and service parts for vehicle manufacturers worldwide. The company has a P/E ratio of 322.33.

TheStreet Ratings rates Dana as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Dana Ratings Report now.

Capital One Financial

Owners of Capital One Financial (NYSE: COF) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $69.30 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Capital One Financial has been 2.7 million shares per day over the past 30 days. Capital One Financial has a market cap of $40.6 billion and is part of the financial services industry. Shares are up 19.8% year to date as of the close of trading on Monday.

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Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States. The company has a P/E ratio of 9.53.

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