Tomorrow's Ex-Dividends To Watch: PYN, RCS, PKO, BKW, AMP

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:

PIMCO New York Municipal Income Fund III

Owners of PIMCO New York Municipal Income Fund III (NYSE: PYN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.85 as of 9:30 a.m. ET, the dividend yield is 7.1%.

The average volume for PIMCO New York Municipal Income Fund III has been 17,300 shares per day over the past 30 days. PIMCO New York Municipal Income Fund III has a market cap of $50.2 million and is part of the financial services industry. Shares are down 16.3% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 8.24.

PIMCO Strategic Global Government Fund

Owners of PIMCO Strategic Global Government Fund (NYSE: RCS) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.51 as of 9:33 a.m. ET, the dividend yield is 9.1%.

The average volume for PIMCO Strategic Global Government Fund has been 100,300 shares per day over the past 30 days. PIMCO Strategic Global Government Fund has a market cap of $431.3 million and is part of the financial services industry. Shares are down 7.5% 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 14.05.

PIMCO Income Opportunity Fund

Owners of PIMCO Income Opportunity Fund (NYSE: PKO) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $28.61 as of 9:30 a.m. ET, the dividend yield is 7.9%.

The average volume for PIMCO Income Opportunity Fund has been 70,100 shares per day over the past 30 days. PIMCO Income Opportunity Fund has a market cap of $428.5 million and is part of the financial services industry. Shares are down 1.1% 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.

Burger King Worldwide

Owners of Burger King Worldwide (NYSE: BKW) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $21.13 as of 4:00 p.m. ET, the dividend yield is 1.3%.

The average volume for Burger King Worldwide has been 499,300 shares per day over the past 30 days. Burger King Worldwide has a market cap of $7.4 billion and is part of the leisure industry. Shares are up 27.7% year to date as of the close of trading on Monday.

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Burger King Worldwide, Inc., together with its subsidiaries, operates and franchises fast food hamburger restaurants, primarily under the Burger King brand worldwide. The company has a P/E ratio of 35.00.

TheStreet Ratings rates Burger King Worldwide as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Burger King Worldwide Ratings Report now.

Ameriprise Financial

Owners of Ameriprise Financial (NYSE: AMP) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $101.27 as of 4:05 p.m. ET, the dividend yield is 2.1%.

The average volume for Ameriprise Financial has been 978,300 shares per day over the past 30 days. Ameriprise Financial has a market cap of $20.0 billion and is part of the financial services industry. Shares are up 61.4% 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.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. The company has a P/E ratio of 17.70.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Ameriprise 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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