5 With Upcoming Ex-Dividend Dates: HNW, PHD, VVC, VIP, KLAC

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:

Pioneer Diversified High Income

Owners of Pioneer Diversified High Income (AMEX: HNW) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $21.50 as of 9:33 a.m. ET, the dividend yield is 9%.

The average volume for Pioneer Diversified High Income has been 27,200 shares per day over the past 30 days. Pioneer Diversified High Income has a market cap of $177.4 million and is part of the financial services industry. Shares are up 6.6% 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.

Pioneer Floating Rate

Owners of Pioneer Floating Rate (NYSE: PHD) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.40 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for Pioneer Floating Rate has been 98,900 shares per day over the past 30 days. Pioneer Floating Rate has a market cap of $310.4 million and is part of the financial services industry. Shares are down 6.1% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 9.44.

Vectren

Owners of Vectren (NYSE: VVC) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $34.90 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Vectren has been 334,400 shares per day over the past 30 days. Vectren has a market cap of $2.9 billion and is part of the utilities industry. Shares are up 18.7% 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.

Vectren Corporation, through its subsidiaries, provides energy delivery services to residential, commercial, and industrial and other contract customers in Indiana and west central Ohio. The company has a P/E ratio of 22.54.

TheStreet Ratings rates Vectren as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Vectren Ratings Report now.

VimpelCom

Owners of VimpelCom (NASDAQ: VIP) shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $12.63 as of 9:30 a.m. ET, the dividend yield is 10%.

The average volume for VimpelCom has been 2.7 million shares per day over the past 30 days. VimpelCom has a market cap of $21.4 billion and is part of the telecommunications industry. Shares are up 25.3% year to date as of the close of trading on Tuesday.

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VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. The company has a P/E ratio of 10.77.

TheStreet Ratings rates VimpelCom as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. You can view the full VimpelCom Ratings Report now.

KLA-Tencor Corporation

Owners of KLA-Tencor Corporation (NASDAQ: KLAC) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $62.93 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for KLA-Tencor Corporation has been 1.3 million shares per day over the past 30 days. KLA-Tencor Corporation has a market cap of $10.5 billion and is part of the electronics industry. Shares are up 31.4% 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.

KLA-Tencor Corporation engages in design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company has a P/E ratio of 20.45.

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