Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: INTX, ARDC, EFR, ETW, ZION

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:

Intersections

Owners of Intersections (NASDAQ: INTX) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $8.49 as of 9:30 a.m. ET, the dividend yield is 9.6%.

The average volume for Intersections has been 61,000 shares per day over the past 30 days. Intersections has a market cap of $151.7 million and is part of the diversified services industry. Shares are down 11.6% 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.

Intersections Inc. provides consumer identity risk management services in the United States. Its services help consumers understand and monitor their credit profiles and other personal information, and protect themselves against identity theft or fraud. The company has a P/E ratio of 44.11.

TheStreet Ratings rates Intersections as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Intersections Ratings Report now.

Ares Dynamic Credit Allocation Fund

Owners of Ares Dynamic Credit Allocation Fund (NYSE: ARDC) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $17.79 as of 9:35 a.m. ET, the dividend yield is 7.9%.

The average volume for Ares Dynamic Credit Allocation Fund has been 52,400 shares per day over the past 30 days. Ares Dynamic Credit Allocation Fund has a market cap of $306.5 million and is part of the financial services industry. Shares are down 10.7% 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.

Eaton Vance Senior Floating-Rate

Owners of Eaton Vance Senior Floating-Rate (NYSE: EFR) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $15.38 as of 9:35 a.m. ET, the dividend yield is 6.5%.

The average volume for Eaton Vance Senior Floating-Rate has been 104,800 shares per day over the past 30 days. Eaton Vance Senior Floating-Rate has a market cap of $574.5 million and is part of the financial services industry. Shares are down 3.1% 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.

The company has a P/E ratio of 10.06.

Eaton Vance Tax-Managed Global Buy-Write Op

Owners of Eaton Vance Tax-Managed Global Buy-Write Op (NYSE: ETW) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $11.96 as of 9:34 a.m. ET, the dividend yield is 9.8%.

The average volume for Eaton Vance Tax-Managed Global Buy-Write Op has been 286,600 shares per day over the past 30 days. Eaton Vance Tax-Managed Global Buy-Write Op has a market cap of $1.3 billion and is part of the financial services industry. Shares are up 11.7% 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.

Zions

Owners of Zions (NASDAQ: ZION) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $28.30 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Zions has been 2.0 million shares per day over the past 30 days. Zions has a market cap of $5.4 billion and is part of the banking industry. Shares are up 36.5% 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.

Zions Bancorporation, a financial holding company, provides banking and related services in the United States. The company has a P/E ratio of 13.91.

TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, attractive valuation levels, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Zions 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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