Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: CEV, EVN, PFN, NATI, HCN

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. 7, 2013, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 11.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Eaton Vance CA Muni Income

Owners of Eaton Vance CA Muni Income (AMEX: CEV) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.46 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for Eaton Vance CA Muni Income has been 18,800 shares per day over the past 30 days. Eaton Vance CA Muni Income has a market cap of $84.1 million and is part of the financial services industry. Shares are down 18.9% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 12.19.

Eaton Vance Municipal Income

Owners of Eaton Vance Municipal Income (NYSE: EVN) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $11.31 as of 9:29 a.m. ET, the dividend yield is 8%.

The average volume for Eaton Vance Municipal Income has been 99,100 shares per day over the past 30 days. Eaton Vance Municipal Income has a market cap of $256.7 million and is part of the financial services industry. Shares are down 18.3% year to date as of the close of trading on Tuesday.

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 10.82.

PIMCO Floating Rate Strategy Fund

Owners of PIMCO Floating Rate Strategy Fund (NYSE: PFN) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.44 as of 9:33 a.m. ET, the dividend yield is 9.1%.

The average volume for PIMCO Floating Rate Strategy Fund has been 214,900 shares per day over the past 30 days. PIMCO Floating Rate Strategy Fund has a market cap of $621.2 million and is part of the financial services industry. Shares are down 5.3% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

National Instruments Corporation

Owners of National Instruments Corporation (NASDAQ: NATI) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $32.25 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for National Instruments Corporation has been 417,000 shares per day over the past 30 days. National Instruments Corporation has a market cap of $4.0 billion and is part of the computer software & services industry. Shares are up 25% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

National Instruments Corporation designs, manufactures, and sells tools to engineers and scientists worldwide. It offers LabVIEW, a system design software product for measurement and control; and LabVIEW Real-Time and LabVIEW FPGA that are strategic modular software add-ons. The company has a P/E ratio of 58.67.

TheStreet Ratings rates National Instruments Corporation 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full National Instruments Corporation Ratings Report now.

Health Care REIT

Owners of Health Care REIT (NYSE: HCN) shares as of market close today will be eligible for a dividend of 77 cents per share. At a price of $63.18 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for Health Care REIT has been 1.8 million shares per day over the past 30 days. Health Care REIT has a market cap of $18.6 billion and is part of the real estate industry. Shares are up 6.2% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. The company has a P/E ratio of 84.56.

TheStreet Ratings rates Health Care REIT 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 growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins. You can view the full Health Care REIT 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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