4 Stocks Going Ex-Dividend Tomorrow: HYF, AOD, WYN, NVDA

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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:

Managed High Yield Plus Fund

Owners of Managed High Yield Plus Fund (NYSE: HYF) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $2.05 as of 9:33 a.m. ET, the dividend yield is 8.8%.

The average volume for Managed High Yield Plus Fund has been 246,600 shares per day over the past 30 days. Managed High Yield Plus Fund has a market cap of $126.8 million and is part of the financial services industry. Shares are down 4.7% year to date as of the close of trading on Friday.

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The company has a P/E ratio of 1.91.

Alpine Total Dynamic Dividend Fund

Owners of Alpine Total Dynamic Dividend Fund (NYSE: AOD) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.17 as of 9:34 a.m. ET, the dividend yield is 7.8%.

The average volume for Alpine Total Dynamic Dividend Fund has been 877,700 shares per day over the past 30 days. Alpine Total Dynamic Dividend Fund has a market cap of $912.3 million and is part of the financial services industry. Shares are up 3.2% year to date as of the close of trading on Friday.

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Wyndham Worldwide Corporation

Owners of Wyndham Worldwide Corporation (NYSE: WYN) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $69.03 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Wyndham Worldwide Corporation has been 871,200 shares per day over the past 30 days. Wyndham Worldwide Corporation has a market cap of $8.8 billion and is part of the leisure industry. Shares are up 27.6% year to date as of the close of trading on Friday.

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Wyndham Worldwide Corporation, together with its subsidiaries, provides various hospitality services and products to individual consumers and business customers in the United States and internationally. The company has a P/E ratio of 21.63.

TheStreet Ratings rates Wyndham Worldwide Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Wyndham Worldwide Corporation Ratings Report now.

NVIDIA Corporation

Owners of NVIDIA Corporation (NASDAQ: NVDA) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $15.84 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for NVIDIA Corporation has been 6.8 million shares per day over the past 30 days. NVIDIA Corporation has a market cap of $9.4 billion and is part of the electronics industry. Shares are up 32.3% year to date as of the close of trading on Friday.

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NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. The company has a P/E ratio of 21.63.

TheStreet Ratings rates NVIDIA Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full NVIDIA Corporation 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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