Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Tomorrow: FLC, NTI, MCHP, AMAT

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. 19, 2013, 27 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Flaherty & Crumrine Total Return Fund

Owners of Flaherty & Crumrine Total Return Fund (NYSE: FLC) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $18.12 as of 9:33 a.m. ET, the dividend yield is 9.1%.

The average volume for Flaherty & Crumrine Total Return Fund has been 36,800 shares per day over the past 30 days. Flaherty & Crumrine Total Return Fund has a market cap of $178.3 million and is part of the financial services industry. Shares are down 10% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

The company has a P/E ratio of 9.28.

Northern Tier Energy

Owners of Northern Tier Energy (NYSE: NTI) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $25.70 as of 9:35 a.m. ET, the dividend yield is 5.1%.

The average volume for Northern Tier Energy has been 1.2 million shares per day over the past 30 days. Northern Tier Energy has a market cap of $2.4 billion and is part of the energy industry. Shares are up 0.6% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Northern Tier Energy LP operates as an independent downstream energy company with refining, retail, and pipeline operations in the United States. The company operates through two segments, Refining and Retail. The company has a P/E ratio of 7.97.

TheStreet Ratings rates Northern Tier Energy as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Northern Tier Energy Ratings Report now.

Microchip Technology

Owners of Microchip Technology (NASDAQ: MCHP) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $43.03 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for Microchip Technology has been 1.7 million shares per day over the past 30 days. Microchip Technology has a market cap of $8.6 billion and is part of the electronics industry. Shares are up 33.2% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. The company has a P/E ratio of 37.11.

TheStreet Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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 Microchip Technology Ratings Report now.

Applied Materials

Owners of Applied Materials (NASDAQ: AMAT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.43 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Applied Materials has been 12.7 million shares per day over the past 30 days. Applied Materials has a market cap of $21.1 billion and is part of the electronics industry. Shares are up 53.5% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide.

TheStreet Ratings rates Applied Materials 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Applied Materials 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.
null

If you liked this article you might like

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FLC, HIO, GOOD

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FLC, HIO, GOOD

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Wednesday: PFO, FLC, HYI

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Wednesday: PFO, FLC, HYI

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: PFO, FLC, DFP

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: PFO, FLC, DFP

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: FLC, EFR, BGB

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: FLC, EFR, BGB

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: FLC, DMO, ESD

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: FLC, DMO, ESD