Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: BGX, UTG, CG, ROC, WAG

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. 14, 2013, 60 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 12.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Blackstone/GSO Long-Short Credit Income Fun

Owners of Blackstone/GSO Long-Short Credit Income Fun (NYSE: BGX) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $17.90 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for Blackstone/GSO Long-Short Credit Income Fun has been 45,400 shares per day over the past 30 days. Blackstone/GSO Long-Short Credit Income Fun has a market cap of $228.5 million and is part of the financial services industry. Shares are down 4.1% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Reaves Utility Income Fund

Owners of Reaves Utility Income Fund (AMEX: UTG) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $24.96 as of 9:30 a.m. ET, the dividend yield is 6.2%.

The average volume for Reaves Utility Income Fund has been 74,100 shares per day over the past 30 days. Reaves Utility Income Fund has a market cap of $734.1 million and is part of the financial services industry. Shares are up 6.2% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Carlyle Group

Owners of Carlyle Group (NASDAQ: CG) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $30.24 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Carlyle Group has been 450,900 shares per day over the past 30 days. Carlyle Group has a market cap of $1.5 billion and is part of the financial services industry. Shares are up 14.9% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

The Carlyle Group is an investment firm specializing in direct and fund of fund investments. The company has a P/E ratio of 32.87.

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

Rockwood Holdings

Owners of Rockwood Holdings (NYSE: ROC) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $69.29 as of 4:03 p.m. ET, the dividend yield is 2.7%.

The average volume for Rockwood Holdings has been 690,200 shares per day over the past 30 days. Rockwood Holdings has a market cap of $5.0 billion and is part of the chemicals industry. Shares are up 34% 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.

Rockwood Holdings, Inc. develops, manufactures, and markets specialty chemicals and advanced materials for industrial and commercial applications primarily in Germany, the United States, and Europe. The company has a P/E ratio of 35.82.

TheStreet Ratings rates Rockwood Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Rockwood Holdings Ratings Report now.

Walgreen Company

Owners of Walgreen Company (NYSE: WAG) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $59.44 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Walgreen Company has been 5.4 million shares per day over the past 30 days. Walgreen Company has a market cap of $56.3 billion and is part of the retail industry. Shares are up 60.7% year to date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company has a P/E ratio of 23.22.

TheStreet Ratings rates Walgreen Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Walgreen 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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