5 Stocks Going Ex-Dividend Tomorrow: EFF, GDO, BWG, ETV, APO

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:

Eaton Vance Floating-Rate Income Plus Fund

Owners of Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.99 as of 9:30 a.m. ET, the dividend yield is 6.7%.

The average volume for Eaton Vance Floating-Rate Income Plus Fund has been 24,900 shares per day over the past 30 days. Eaton Vance Floating-Rate Income Plus Fund has a market cap of $121.0 million and is part of the financial services industry. Shares are unchanged 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.

Western Asset Global Corporate Defined Oppo

Owners of Western Asset Global Corporate Defined Oppo (NYSE: GDO) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.09 as of 9:35 a.m. ET, the dividend yield is 7.7%.

The average volume for Western Asset Global Corporate Defined Oppo has been 48,200 shares per day over the past 30 days. Western Asset Global Corporate Defined Oppo has a market cap of $276.9 million and is part of the financial services industry. Shares are down 12.9% 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.

Legg Mason BW Global Income Opportunities F

Owners of Legg Mason BW Global Income Opportunities F (NYSE: BWG) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $16.68 as of 9:35 a.m. ET, the dividend yield is 8.7%.

The average volume for Legg Mason BW Global Income Opportunities F has been 89,800 shares per day over the past 30 days. Legg Mason BW Global Income Opportunities F has a market cap of $347.1 million and is part of the financial services industry. Shares are down 17.4% 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 Tax-Managed Buy-Write Opportuni

Owners of Eaton Vance Tax-Managed Buy-Write Opportuni (NYSE: ETV) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $13.55 as of 9:34 a.m. ET, the dividend yield is 9.8%.

The average volume for Eaton Vance Tax-Managed Buy-Write Opportuni has been 177,400 shares per day over the past 30 days. Eaton Vance Tax-Managed Buy-Write Opportuni has a market cap of $864.5 million and is part of the financial services industry. Shares are up 8.6% 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 135.90.

Apollo Global Management

At a price of $30.11 as of 9:35 a.m. ET, the dividend yield is 13.1%.

The average volume for Apollo Global Management has been 954,800 shares per day over the past 30 days. Apollo Global Management has a market cap of $4.3 billion and is part of the financial services industry. Shares are up 74.4% 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.

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to pension and endowment funds, institutional investors, individual investors, pooled investment vehicles, and corporations. The company has a P/E ratio of 7.18.

TheStreet Ratings rates Apollo Global Management as a sell. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share. You can view the full Apollo Global Management 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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