Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: BAF, DUC, CFP, SON, GSK

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 Municipal Income Investment Quali

Owners of BlackRock Municipal Income Investment Quali (NYSE: BAF) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.76 as of 9:29 a.m. ET, the dividend yield is 6.4%.

The average volume for BlackRock Municipal Income Investment Quali has been 29,000 shares per day over the past 30 days. Shares are down 22% 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 12.55.

Duff & Phelps Utility & Corporate Bond

Owners of Duff & Phelps Utility & Corporate Bond (NYSE: DUC) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.28 as of 9:33 a.m. ET, the dividend yield is 8.2%.

The average volume for Duff & Phelps Utility & Corporate Bond has been 75,800 shares per day over the past 30 days. Duff & Phelps Utility & Corporate Bond has a market cap of $281.5 million and is part of the financial services industry. Shares are down 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.

The company has a P/E ratio of 14.03.

Cornerstone Progressive Return Fund

Owners of Cornerstone Progressive Return Fund (AMEX: CFP) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $5.22 as of 9:35 a.m. ET, the dividend yield is 19.5%.

The average volume for Cornerstone Progressive Return Fund has been 315,300 shares per day over the past 30 days. Cornerstone Progressive Return Fund has a market cap of $132.8 million and is part of the financial services industry. Shares are up 4.9% 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.

Sonoco Products Company

Owners of Sonoco Products Company (NYSE: SON) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $39.96 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for Sonoco Products Company has been 345,500 shares per day over the past 30 days. Sonoco Products Company has a market cap of $4.1 billion and is part of the consumer non-durables industry. Shares are up 34.1% 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.

Sonoco Products Company engages in the manufacture and sale of industrial and consumer packaging products in the United States, Europe, Canada, and other regions. The company has a P/E ratio of 19.84.

TheStreet Ratings rates Sonoco Products Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sonoco Products Company Ratings Report now.

GlaxoSmithKline

Owners of GlaxoSmithKline (NYSE: GSK) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $52.00 as of 9:30 a.m. ET, the dividend yield is 4.5%.

The average volume for GlaxoSmithKline has been 2.4 million shares per day over the past 30 days. Shares are up 22.3% 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.

GlaxoSmithKline plc, together with its subsidiaries, discovers, develops, manufactures, and markets pharmaceutical products, over-the-counter medicines, and health-related consumer products worldwide. The company has a P/E ratio of 16.01.

TheStreet Ratings rates GlaxoSmithKline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full GlaxoSmithKline 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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