Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: VKI, APU, LAD, LINE, BA

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 Advantage Municipal Income Trust II

Owners of Invesco Advantage Municipal Income Trust II (AMEX: VKI) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.45 as of 9:34 a.m. ET, the dividend yield is 7.2%.

The average volume for Invesco Advantage Municipal Income Trust II has been 138,000 shares per day over the past 30 days. Invesco Advantage Municipal Income Trust II has a market cap of $463.8 million and is part of the financial services industry. Shares are down 20.5% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 10.66.

AmeriGas Partners

Owners of AmeriGas Partners (NYSE: APU) shares as of market close today will be eligible for a dividend of 84 cents per share. At a price of $45.02 as of 9:29 a.m. ET, the dividend yield is 7.4%.

The average volume for AmeriGas Partners has been 176,400 shares per day over the past 30 days. Shares are up 16.5% 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.

AmeriGas Partners, L.P. operates as a retail and wholesale distributor of propane gas, and related equipment and supplies in the United States. The company has a P/E ratio of 26.86.

TheStreet Ratings rates AmeriGas Partners as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, notable return on equity and increase in stock price during the past year. 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 AmeriGas Partners Ratings Report now.

Lithia Motors

Owners of Lithia Motors (NYSE: LAD) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $64.78 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Lithia Motors has been 382,700 shares per day over the past 30 days. Lithia Motors has a market cap of $1.5 billion and is part of the specialty retail industry. Shares are up 70.7% 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.

Lithia Motors, Inc. operates as an automotive franchisee and retailer of new and used vehicles in the United States. The company has a P/E ratio of 17.13.

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

Linn Energy

Owners of Linn Energy (NASDAQ: LINE) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $31.90 as of 9:30 a.m. ET, the dividend yield is 9.4%.

The average volume for Linn Energy has been 2.2 million shares per day over the past 30 days. Linn Energy has a market cap of $7.2 billion and is part of the energy industry. Shares are down 12.5% 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.

Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties.

TheStreet Ratings rates Linn Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Linn Energy Ratings Report now.

Boeing

Owners of Boeing (NYSE: BA) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $132.09 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Boeing has been 4.2 million shares per day over the past 30 days. Boeing has a market cap of $100.0 billion and is part of the aerospace/defense industry. Shares are up 76.5% 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 Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 23.63.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Boeing 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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