Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: NQJ, NEV, DBL, XLS, DD

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:

Nuveen New Jersey Investment Quality Munici

Owners of Nuveen New Jersey Investment Quality Munici (NYSE: NQJ) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.89 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for Nuveen New Jersey Investment Quality Munici has been 37,600 shares per day over the past 30 days. Nuveen New Jersey Investment Quality Munici has a market cap of $262.7 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.

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The company has a P/E ratio of 14.09.

Nuveen Enhanced Municipal Value Fund

Owners of Nuveen Enhanced Municipal Value Fund (NYSE: NEV) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.21 as of 9:35 a.m. ET, the dividend yield is 7.2%.

The average volume for Nuveen Enhanced Municipal Value Fund has been 76,700 shares per day over the past 30 days. Nuveen Enhanced Municipal Value Fund has a market cap of $281.0 million and is part of the financial services industry. Shares are down 17.3% year to date as of the close of trading on Monday.

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Doubleline Opportunistic Credit Fund

Owners of Doubleline Opportunistic Credit Fund (NYSE: DBL) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.00 as of 9:33 a.m. ET, the dividend yield is 8.8%.

The average volume for Doubleline Opportunistic Credit Fund has been 93,600 shares per day over the past 30 days. Doubleline Opportunistic Credit Fund has a market cap of $335.5 million and is part of the financial services industry. Shares are down 15.7% year to date as of the close of trading on Monday.

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Exelis

Owners of Exelis (NYSE: XLS) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $16.74 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Exelis has been 1.6 million shares per day over the past 30 days. Exelis has a market cap of $3.2 billion and is part of the aerospace/defense industry. Shares are up 48.4% year to date as of the close of trading on Monday.

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Exelis Inc. provides command, control, communications, computers, intelligence, and surveillance and reconnaissance (C4ISR) related products and systems in the United States and internationally. The company has a P/E ratio of 11.07.

TheStreet Ratings rates Exelis as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, disappointing return on equity, poor profit margins and feeble growth in its earnings per share. You can view the full Exelis Ratings Report now.

E.I. du Pont de Nemours & Company

Owners of E.I. du Pont de Nemours & Company (NYSE: DD) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $61.89 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for E.I. du Pont de Nemours & Company has been 3.9 million shares per day over the past 30 days. Shares are up 37.8% year to date as of the close of trading on Monday.

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E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and rice seed products under the Pioneer brand; and herbicides, fungicides, and insecticides. The company has a P/E ratio of 21.53.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full E.I. du Pont de Nemours & 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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