Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: BFY, BKN, GBAB, MYI, ENB

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. 13, 2013, 210 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 19.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Blackrock New York Muni Income Tr II

Owners of Blackrock New York Muni Income Tr II (AMEX: BFY) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.50 as of 9:34 a.m. ET, the dividend yield is 6.7%.

The average volume for Blackrock New York Muni Income Tr II has been 12,700 shares per day over the past 30 days. Blackrock New York Muni Income Tr II has a market cap of $62.9 million and is part of the financial services industry. Shares are down 21.3% 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 11.88.

BlackRock Investment Quality Municipal

Owners of BlackRock Investment Quality Municipal (NYSE: BKN) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.57 as of 9:30 a.m. ET, the dividend yield is 7%.

The average volume for BlackRock Investment Quality Municipal has been 43,300 shares per day over the past 30 days. BlackRock Investment Quality Municipal has a market cap of $235.0 million and is part of the financial services industry. Shares are down 16.2% 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 12.45.

Guggenheim Build America Managed Duration

Owners of Guggenheim Build America Managed Duration (NYSE: GBAB) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $19.76 as of 9:29 a.m. ET, the dividend yield is 8.3%.

The average volume for Guggenheim Build America Managed Duration has been 58,200 shares per day over the past 30 days. Guggenheim Build America Managed Duration has a market cap of $346.5 million and is part of the financial services industry. Shares are down 13.2% 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.

BlackRock MuniYield Quality Fund III

Owners of BlackRock MuniYield Quality Fund III (NYSE: MYI) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.50 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for BlackRock MuniYield Quality Fund III has been 228,100 shares per day over the past 30 days. BlackRock MuniYield Quality Fund III has a market cap of $851.0 million and is part of the financial services industry. Shares are down 18% 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.

Enbridge

Owners of Enbridge (NYSE: ENB) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $43.48 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Enbridge has been 865,000 shares per day over the past 30 days. Shares are up 1% 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.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company has a P/E ratio of 42.08.

TheStreet Ratings rates Enbridge 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 growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. You can view the full Enbridge 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

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Tuesday's Premarket Movers: CAT, UTX, KO, MMM

Tuesday's Premarket Movers: CAT, UTX, KO, MMM

Vivendi Slides After Reports Vincent Bollore Questioned in Corruption Probe

Vivendi Slides After Reports Vincent Bollore Questioned in Corruption Probe

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet's Earnings Beat and 4 Other Business Stories You Must Know Tuesday

Alphabet's Earnings Beat and 4 Other Business Stories You Must Know Tuesday