Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: IAF, KTF, EVTC, R, ABC

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:

Aberdeen Australia Equity Fund

Owners of Aberdeen Australia Equity Fund (AMEX: IAF) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $10.34 as of 9:34 a.m. ET, the dividend yield is 9.6%.

The average volume for Aberdeen Australia Equity Fund has been 66,800 shares per day over the past 30 days. Aberdeen Australia Equity Fund has a market cap of $235.2 million and is part of the financial services industry. Shares are down 0.2% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 28.16.

DWS Municipal Income

Owners of DWS Municipal Income (NYSE: KTF) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.87 as of 9:31 a.m. ET, the dividend yield is 7%.

The average volume for DWS Municipal Income has been 111,400 shares per day over the past 30 days. DWS Municipal Income has a market cap of $468.5 million and is part of the financial services industry. Shares are down 17.1% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 13.87.

Evertec

Owners of Evertec (NYSE: EVTC) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.25 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Evertec has been 602,000 shares per day over the past 30 days. Evertec has a market cap of $1.8 billion and is part of the computer software & services industry. Shares are unchanged year to date as of the close of trading on Tuesday.

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Ryder System

Owners of Ryder System (NASDAQ: R) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $65.16 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Ryder System has been 548,500 shares per day over the past 30 days. Ryder System has a market cap of $3.4 billion and is part of the diversified services industry. Shares are up 30.6% year to date as of the close of trading on Tuesday.

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Ryder System, Inc. provides transportation and supply chain management solutions. It operates in two segments, Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The company has a P/E ratio of 14.62.

TheStreet Ratings rates Ryder System as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ryder System Ratings Report now.

AmerisourceBergen

Owners of AmerisourceBergen (NYSE: ABC) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $68.02 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for AmerisourceBergen has been 1.3 million shares per day over the past 30 days. AmerisourceBergen has a market cap of $15.7 billion and is part of the wholesale industry. Shares are up 57.7% year to date as of the close of trading on Tuesday.

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AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related healthcare services and solutions to pharmacy, physician, and manufacturer customers primarily in the United States and Canada. The company has a P/E ratio of 21.69.

TheStreet Ratings rates AmerisourceBergen 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, solid stock price performance 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 AmerisourceBergen 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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