Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: KSM, MHI, WTS, CHE, TSCO

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 Strategic Municipal Income

Owners of DWS Strategic Municipal Income (NYSE: KSM) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.70 as of 9:35 a.m. ET, the dividend yield is 7.3%.

The average volume for DWS Strategic Municipal Income has been 27,500 shares per day over the past 30 days. DWS Strategic Municipal Income has a market cap of $141.2 million and is part of the financial services industry. Shares are down 12.9% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 13.38.

Pioneer Municipal High Income

Owners of Pioneer Municipal High Income (NYSE: MHI) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $13.95 as of 9:35 a.m. ET, the dividend yield is 8.1%.

The average volume for Pioneer Municipal High Income has been 65,300 shares per day over the past 30 days. Pioneer Municipal High Income has a market cap of $317.3 million and is part of the financial services industry. Shares are down 11% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 13.78.

Watts Water Technologies

Owners of Watts Water Technologies (NYSE: WTS) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $58.22 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Watts Water Technologies has been 127,300 shares per day over the past 30 days. Watts Water Technologies has a market cap of $1.7 billion and is part of the industrial industry. Shares are up 36.3% 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.

Watts Water Technologies, Inc. designs, manufactures, and sells various water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets in the North America, Europe, the Middle East, Africa, and Asia. The company has a P/E ratio of 29.25.

TheStreet Ratings rates Watts Water Technologies 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Watts Water Technologies Ratings Report now.

Chemed Corporation

Owners of Chemed Corporation (NYSE: CHE) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $73.29 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Chemed Corporation has been 245,700 shares per day over the past 30 days. Shares are up 3.6% year to date as of the close of trading on Tuesday.

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Chemed Corporation, through its subsidiaries, operates in the healthcare, and repair and maintenance fields in the United States. The company operates in two segments, Vitas and Roto-Rooter. The company has a P/E ratio of 16.61.

TheStreet Ratings rates Chemed Corporation as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chemed Corporation Ratings Report now.

Tractor Supply

Owners of Tractor Supply (NASDAQ: TSCO) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $72.48 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Tractor Supply has been 879,200 shares per day over the past 30 days. Tractor Supply has a market cap of $10.0 billion and is part of the specialty retail industry. Shares are up 62.5% 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.

Tractor Supply Company operates retail farm and ranch stores in the United States. The company has a P/E ratio of 32.78.

TheStreet Ratings rates Tractor Supply as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Tractor Supply 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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