Tomorrow's Ex-Dividends To Watch: OAK, AHL, ACC, ED

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. 8, 2013, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 8.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Oaktree Capital Group

Owners of Oaktree Capital Group (NYSE: OAK) shares as of market close today will be eligible for a dividend of 74 cents per share. At a price of $57.28 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for Oaktree Capital Group has been 169,200 shares per day over the past 30 days. Oaktree Capital Group has a market cap of $2.2 billion and is part of the financial services industry. Shares are up 25.9% year to date as of the close of trading on Wednesday.

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

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. The company has a P/E ratio of 10.30.

TheStreet Ratings rates Oaktree Capital Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Oaktree Capital Group Ratings Report now.

Aspen Insurance Holdings

Owners of Aspen Insurance Holdings (NYSE: AHL) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $39.29 as of 9:29 a.m. ET, the dividend yield is 1.9%.

The average volume for Aspen Insurance Holdings has been 439,200 shares per day over the past 30 days. Aspen Insurance Holdings has a market cap of $2.6 billion and is part of the insurance industry. Shares are up 20.8% year to date as of the close of trading on Wednesday.

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

Aspen Insurance Holdings Limited, through its subsidiaries, provides insurance and reinsurance solutions worldwide. It operates in two segments, Reinsurance and Insurance. The company has a P/E ratio of 13.55.

TheStreet Ratings rates Aspen Insurance Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Aspen Insurance Holdings Ratings Report now.

American Campus Communities

Owners of American Campus Communities (NYSE: ACC) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $34.42 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for American Campus Communities has been 917,800 shares per day over the past 30 days. American Campus Communities has a market cap of $3.6 billion and is part of the real estate industry. Shares are down 26% year to date as of the close of trading on Wednesday.

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

American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The company has a P/E ratio of 36.69.

TheStreet Ratings rates American Campus Communities as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and poor profit margins. You can view the full American Campus Communities Ratings Report now.

Consolidated Edison

Owners of Consolidated Edison (NYSE: ED) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $58.64 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for Consolidated Edison has been 1.9 million shares per day over the past 30 days. Consolidated Edison has a market cap of $17.1 billion and is part of the utilities industry. Shares are up 5.1% year to date as of the close of trading on Wednesday.

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

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses. The company has a P/E ratio of 16.62.

TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Consolidated Edison 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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