Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: NRT, GOF, NPP, RGR, LLY

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:

North European Oil Royalty

Owners of North European Oil Royalty (NYSE: NRT) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $23.29 as of 9:34 a.m. ET, the dividend yield is 9.1%.

The average volume for North European Oil Royalty has been 21,700 shares per day over the past 30 days. North European Oil Royalty has a market cap of $215.2 million and is part of the financial services industry. Shares are up 4.3% 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.

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds these rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. The company has a P/E ratio of 10.50.

TheStreet Ratings rates North European Oil Royalty as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. You can view the full North European Oil Royalty Ratings Report now.

Guggenheim Strategic Opportunities Fund

Owners of Guggenheim Strategic Opportunities Fund (NYSE: GOF) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $22.25 as of 9:29 a.m. ET, the dividend yield is 9.8%.

The average volume for Guggenheim Strategic Opportunities Fund has been 47,600 shares per day over the past 30 days. Guggenheim Strategic Opportunities Fund has a market cap of $319.9 million and is part of the financial services industry. Shares are up 4.2% 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.

Nuveen Performance Plus Municipal Fund

Owners of Nuveen Performance Plus Municipal Fund (NYSE: NPP) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.26 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for Nuveen Performance Plus Municipal Fund has been 167,000 shares per day over the past 30 days. Nuveen Performance Plus Municipal Fund has a market cap of $805.5 million and is part of the financial services industry. Shares are down 17% 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 13.16.

Sturm Ruger & Company

Owners of Sturm Ruger & Company (NYSE: RGR) shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $73.50 as of 9:30 a.m. ET, the dividend yield is 3.2%.

The average volume for Sturm Ruger & Company has been 382,900 shares per day over the past 30 days. Sturm Ruger & Company has a market cap of $1.4 billion and is part of the aerospace/defense industry. Shares are up 58.1% 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.

Sturm, Ruger & Company, Inc. engages in the design, manufacture, and sale of firearms in the United States. The company offers single-shot, auto loading, bolt-action, and sporting rifles; single-action and double-action revolvers; and rim fire auto loading and center fire auto loading pistols. The company has a P/E ratio of 13.62.

TheStreet Ratings rates Sturm Ruger & Company 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, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Sturm Ruger & Company Ratings Report now.

Eli Lilly and Company

Owners of Eli Lilly and Company (NYSE: LLY) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $49.98 as of 9:30 a.m. ET, the dividend yield is 3.9%.

The average volume for Eli Lilly and Company has been 5.9 million shares per day over the past 30 days. Eli Lilly and Company has a market cap of $57.0 billion and is part of the drugs industry. Shares are up 2.7% 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.

Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company has a P/E ratio of 11.56.

TheStreet Ratings rates Eli Lilly and Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Eli Lilly and 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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