Tomorrow's Ex-Dividends To Watch: CRF, CLM, EIM, CW, MMM

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. 20, 2013, 62 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 16.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cornerstone Total Return Fund

Owners of Cornerstone Total Return Fund (AMEX: CRF) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $6.77 as of 9:35 a.m. ET, the dividend yield is 16.2%.

The average volume for Cornerstone Total Return Fund has been 99,800 shares per day over the past 30 days. Cornerstone Total Return Fund has a market cap of $69.8 million and is part of the financial services industry. Shares are up 25.9% year to date as of the close of trading on Monday.

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

Cornerstone Strategic Value Fund

Owners of Cornerstone Strategic Value Fund (AMEX: CLM) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $7.30 as of 9:34 a.m. ET, the dividend yield is 16.7%.

The average volume for Cornerstone Strategic Value Fund has been 176,200 shares per day over the past 30 days. Cornerstone Strategic Value Fund has a market cap of $138.6 million and is part of the financial services industry. Shares are up 22.2% year to date as of the close of trading on Monday.

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

Eaton Vance Municipal Bond Fund

Owners of Eaton Vance Municipal Bond Fund (AMEX: EIM) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $11.15 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for Eaton Vance Municipal Bond Fund has been 199,500 shares per day over the past 30 days. Eaton Vance Municipal Bond Fund has a market cap of $764.8 million and is part of the financial services industry. Shares are down 19.8% year to date as of the close of trading on Monday.

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 11.22.

Curtiss-Wright Corporation

Owners of Curtiss-Wright Corporation (NYSE: CW) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $51.18 as of 9:34 a.m. ET, the dividend yield is 0.8%.

The average volume for Curtiss-Wright Corporation has been 222,200 shares per day over the past 30 days. Curtiss-Wright Corporation has a market cap of $2.4 billion and is part of the aerospace/defense industry. Shares are up 55.7% year to date as of the close of trading on Monday.

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

Curtiss-Wright Corporation provides engineered products and services to the defense, power generation, oil and gas, commercial aerospace, and general industrial markets worldwide. It operates through three segments: Flow Control, Controls, and Surface Technologies. The company has a P/E ratio of 18.92.

TheStreet Ratings rates Curtiss-Wright Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Curtiss-Wright Corporation Ratings Report now.

3M

Owners of 3M (NYSE: MMM) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $130.49 as of 9:35 a.m. ET, the dividend yield is 2%.

The average volume for 3M has been 2.4 million shares per day over the past 30 days. 3M has a market cap of $87.4 billion and is part of the conglomerates industry. Shares are up 40.1% year to date as of the close of trading on Monday.

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

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 19.95.

TheStreet Ratings rates 3M 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, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full 3M 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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