5 Stocks Going Ex-Dividend Tomorrow: TSLF, DHY, ALSN, PACW, TLM

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:

THL Credit Senior Loan Fund

Owners of THL Credit Senior Loan Fund (NYSE: TSLF) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $20.00 as of 9:35 a.m. ET, the dividend yield is 7.1%.

The average volume for THL Credit Senior Loan Fund has been 21,000 shares per day over the past 30 days. Shares are unchanged 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.

Credit Suisse High Yield Bond Fund

Owners of Credit Suisse High Yield Bond Fund (AMEX: DHY) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $3.18 as of 9:35 a.m. ET, the dividend yield is 9.9%.

The average volume for Credit Suisse High Yield Bond Fund has been 332,300 shares per day over the past 30 days. Shares are unchanged 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.

Allison Transmission Holdings

Owners of Allison Transmission Holdings (NYSE: ALSN) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $25.77 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Allison Transmission Holdings has been 378,800 shares per day over the past 30 days. Allison Transmission Holdings has a market cap of $4.4 billion and is part of the automotive industry. Shares are up 17.4% 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.

Allison Transmission Holdings, Inc., together with its subsidiaries, engages in the design and manufacture of commercial and military fully-automatic transmissions and hybrid-propulsion systems for transit buses. The company has a P/E ratio of 33.77.

TheStreet Ratings rates Allison Transmission Holdings as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. You can view the full Allison Transmission Holdings Ratings Report now.

PacWest Bancorp

Owners of PacWest Bancorp (NASDAQ: PACW) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $39.11 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for PacWest Bancorp has been 572,900 shares per day over the past 30 days. PacWest Bancorp has a market cap of $1.7 billion and is part of the banking industry. Shares are up 58.5% 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.

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides commercial banking products and services to small to medium sized businesses, and the owners and employees of those businesses primarily in Southern California. The company has a P/E ratio of 25.00.

TheStreet Ratings rates PacWest Bancorp 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full PacWest Bancorp Ratings Report now.

Talisman Energy

Owners of Talisman Energy (NYSE: TLM) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.94 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Talisman Energy has been 6.3 million shares per day over the past 30 days. Talisman Energy has a market cap of $12.4 billion and is part of the energy industry. Shares are up 5.7% 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.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. The company has a P/E ratio of 133.11.

TheStreet Ratings rates Talisman Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. You can view the full Talisman Energy 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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