Tomorrow's Ex-Dividends To Watch: GGE, OAKS, MFL, DSL, XEC

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:

Guggenheim Enhanced Equity Strategy Fund

Owners of Guggenheim Enhanced Equity Strategy Fund (NYSE: GGE) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $18.97 as of 9:40 a.m. ET, the dividend yield is 10.3%.

The average volume for Guggenheim Enhanced Equity Strategy Fund has been 18,800 shares per day over the past 30 days. Guggenheim Enhanced Equity Strategy Fund has a market cap of $94.1 million and is part of the financial services industry. Shares are up 13.1% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 3.14.

Five Oaks Investment

Owners of Five Oaks Investment (NYSE: OAKS) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $10.66 as of 4:02 p.m. ET, the dividend yield is 13.6%.

The average volume for Five Oaks Investment has been 68,600 shares per day over the past 30 days. Five Oaks Investment has a market cap of $81.7 million and is part of the real estate industry. Shares are unchanged year to date as of the close of trading on Friday.

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BlackRock MuniHoldings Investment Quality F

Owners of BlackRock MuniHoldings Investment Quality F (NYSE: MFL) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.43 as of 9:40 a.m. ET, the dividend yield is 6.9%.

The average volume for BlackRock MuniHoldings Investment Quality F has been 128,000 shares per day over the past 30 days. BlackRock MuniHoldings Investment Quality F has a market cap of $471.8 million and is part of the financial services industry. Shares are down 22.5% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 12.00.

DoubleLine Income Solutions Fund

Owners of DoubleLine Income Solutions Fund (NYSE: DSL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $20.74 as of 9:35 a.m. ET, the dividend yield is 8.7%.

The average volume for DoubleLine Income Solutions Fund has been 514,500 shares per day over the past 30 days. DoubleLine Income Solutions Fund has a market cap of $2.1 billion and is part of the financial services industry. Shares are unchanged year to date as of the close of trading on Monday.

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Cimarex Energy Company

Owners of Cimarex Energy Company (NYSE: XEC) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $102.68 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for Cimarex Energy Company has been 980,600 shares per day over the past 30 days. Cimarex Energy Company has a market cap of $8.9 billion and is part of the energy industry. Shares are up 77.8% year to date as of the close of trading on Monday.

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Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, New Mexico, and Kansas. As of December 31, 2012, the company owned an interest in 4,953 net productive oil and gas wells. The company has a P/E ratio of 19.52.

TheStreet Ratings rates Cimarex Energy Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. 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 Cimarex Energy Company 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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