5 Stocks Going Ex-Dividend Tomorrow: VCV, EGOV, JNS, ARCP, MET

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 California Value Municipal Income T

Owners of Invesco California Value Municipal Income T (NYSE: VCV) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.35 as of 9:34 a.m. ET, the dividend yield is 7%.

The average volume for Invesco California Value Municipal Income T has been 127,700 shares per day over the past 30 days. Invesco California Value Municipal Income T has a market cap of $542.7 million and is part of the financial services industry. Shares are down 17.5% 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 10.90.

NIC

Owners of NIC (NASDAQ: EGOV) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $23.87 as of 9:30 a.m. ET, the dividend yield is 0%.

The average volume for NIC has been 320,800 shares per day over the past 30 days. NIC has a market cap of $1.5 billion and is part of the computer software & services industry. Shares are up 43.6% 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.

NIC Inc. provides eGovernment services that enable governments use the Internet to provide various services to businesses and citizens in the United States. It operates in two segments, Outsourced Portals, and Other Software & Services. The company has a P/E ratio of 43.46.

TheStreet Ratings rates NIC 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full NIC Ratings Report now.

Janus Capital Group

Owners of Janus Capital Group (NYSE: JNS) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.10 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Janus Capital Group has been 2.2 million shares per day over the past 30 days. Shares are up 16.9% 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.

Janus Capital Group, Inc. is a publicly owned asset management holding company with approximately $167.7 billion in assets under management. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients. The company has a P/E ratio of 17.17.

TheStreet Ratings rates Janus Capital Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Janus Capital Group Ratings Report now.

American Realty Capital Properties Inc Clas

Owners of American Realty Capital Properties Inc Clas (NASDAQ: ARCP) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.34 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for American Realty Capital Properties Inc Clas has been 4.4 million shares per day over the past 30 days. American Realty Capital Properties Inc Clas has a market cap of $2.5 billion and is part of the real estate industry. Shares are up 0.5% 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.

American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.

TheStreet Ratings rates American Realty Capital Properties Inc Clas as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full American Realty Capital Properties Inc Clas Ratings Report now.

MetLife

Owners of MetLife (NYSE: MET) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $47.96 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for MetLife has been 6.0 million shares per day over the past 30 days. MetLife has a market cap of $51.9 billion and is part of the insurance industry. Shares are up 43.7% 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.

MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Middle East, Asia, and Europe. The company has a P/E ratio of 107.55.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full MetLife 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

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens