5 Stocks Going Ex-Dividend Tomorrow: NQP, SBR, MMD, LNN, KR

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 Pennsylvania Investment Quality Muni

Owners of Nuveen Pennsylvania Investment Quality Muni (NYSE: NQP) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.39 as of 9:35 a.m. ET, the dividend yield is 6.8%.

The average volume for Nuveen Pennsylvania Investment Quality Muni has been 31,900 shares per day over the past 30 days. Nuveen Pennsylvania Investment Quality Muni has a market cap of $199.8 million and is part of the financial services industry. Shares are down 20.7% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 13.78.

Sabine Royalty

Owners of Sabine Royalty (NYSE: SBR) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $52.26 as of 9:30 a.m. ET, the dividend yield is 8.5%.

The average volume for Sabine Royalty has been 15,100 shares per day over the past 30 days. Sabine Royalty has a market cap of $751.6 million and is part of the financial services industry. Shares are up 29.6% year to date as of the close of trading on Monday.

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Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. The company has a P/E ratio of 13.32.

TheStreet Ratings rates Sabine Royalty as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Sabine Royalty Ratings Report now.

MainStay DefinedTerm Municipal Opps Fund

Owners of MainStay DefinedTerm Municipal Opps Fund (NYSE: MMD) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $15.46 as of 9:35 a.m. ET, the dividend yield is 7.4%.

The average volume for MainStay DefinedTerm Municipal Opps Fund has been 109,800 shares per day over the past 30 days. MainStay DefinedTerm Municipal Opps Fund has a market cap of $428.5 million and is part of the financial services industry. Shares are down 23.7% year to date as of the close of trading on Monday.

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Lindsay

Owners of Lindsay (NYSE: LNN) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $78.60 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Lindsay has been 201,500 shares per day over the past 30 days. Lindsay has a market cap of $995.1 million and is part of the industrial industry. Shares are down 3.5% year to date as of the close of trading on Monday.

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Lindsay Corporation designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. The company has a P/E ratio of 14.13.

TheStreet Ratings rates Lindsay as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Lindsay Ratings Report now.

Kroger

Owners of Kroger (NYSE: KR) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $41.38 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Kroger has been 3.5 million shares per day over the past 30 days. Kroger has a market cap of $21.8 billion and is part of the retail industry. Shares are up 61.3% 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 Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. The company has a P/E ratio of 13.99.

TheStreet Ratings rates Kroger as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Kroger 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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