Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: KMM, MAV, WWD, BVN, PBI

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:

DWS Multi-Market Income

Owners of DWS Multi-Market Income (NYSE: KMM) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.61 as of 9:32 a.m. ET, the dividend yield is 8.8%.

The average volume for DWS Multi-Market Income has been 59,900 shares per day over the past 30 days. DWS Multi-Market Income has a market cap of $235.1 million and is part of the financial services industry. Shares are down 8.1% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 13.33.

Pioneer Municipal High Income Advantage Tru

Owners of Pioneer Municipal High Income Advantage Tru (NYSE: MAV) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $13.38 as of 9:29 a.m. ET, the dividend yield is 8.5%.

The average volume for Pioneer Municipal High Income Advantage Tru has been 90,100 shares per day over the past 30 days. Pioneer Municipal High Income Advantage Tru has a market cap of $313.4 million and is part of the financial services industry. Shares are down 13.4% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 11.44.

Woodward

Owners of Woodward (NASDAQ: WWD) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $40.40 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Woodward has been 288,800 shares per day over the past 30 days. Shares are up 2.7% year to date as of the close of trading on Tuesday.

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Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace and energy markets worldwide. The company has a P/E ratio of 19.68.

TheStreet Ratings rates Woodward 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, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Woodward Ratings Report now.

Buenaventura Mining Company

Owners of Buenaventura Mining Company (NYSE: BVN) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $14.04 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Buenaventura Mining Company has been 2.2 million shares per day over the past 30 days. Buenaventura Mining Company has a market cap of $3.6 billion and is part of the metals & mining industry. Shares are down 60.8% year to date as of the close of trading on Tuesday.

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Compa ia de Minas Buenaventura S.A.A., a precious metals company, engages in the exploration, mining, and processing of gold and silver in Peru. It also explores for other metals, including zinc, lead, and copper. The company has a P/E ratio of 5.24.

TheStreet Ratings rates Buenaventura Mining Company 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, attractive valuation levels 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 weak operating cash flow. You can view the full Buenaventura Mining Company Ratings Report now.

Pitney Bowes

Owners of Pitney Bowes (NYSE: PBI) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $21.70 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Pitney Bowes has been 3.6 million shares per day over the past 30 days. Shares are up 104.4% year to date as of the close of trading on Tuesday.

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Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications in the United States and internationally. The company has a P/E ratio of 12.65.

TheStreet Ratings rates Pitney Bowes as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity 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 Pitney Bowes 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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