Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: CNK, ITC, AEM, MTB, GS

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. 27, 2013, 44 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 8.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cinemark Holdings

Owners of Cinemark Holdings (NYSE: CNK) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $33.37 as of 9:34 a.m. ET, the dividend yield is 3%.

The average volume for Cinemark Holdings has been 459,000 shares per day over the past 30 days. Cinemark Holdings has a market cap of $3.8 billion and is part of the media industry. Shares are up 27.6% year to date as of the close of trading on Monday.

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Cinemark Holdings, Inc., together with its subsidiaries, engages in motion picture exhibition business. The company operates in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and Guatemala. The company has a P/E ratio of 23.86.

TheStreet Ratings rates Cinemark Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cinemark Holdings Ratings Report now.

ITC Holdings

Owners of ITC Holdings (NYSE: ITC) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $91.14 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for ITC Holdings has been 303,800 shares per day over the past 30 days. ITC Holdings has a market cap of $4.8 billion and is part of the utilities industry. Shares are up 18.8% year to date as of the close of trading on Monday.

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ITC Holdings Corp., together with its subsidiaries, engages in the transmission of electricity in the United States. The company has a P/E ratio of 23.55.

TheStreet Ratings rates ITC Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, expanding profit margins and growth in earnings per share. 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 ITC Holdings Ratings Report now.

Agnico Eagle Mines

Owners of Agnico Eagle Mines (NYSE: AEM) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $26.88 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Agnico Eagle Mines has been 1.9 million shares per day over the past 30 days. Agnico Eagle Mines has a market cap of $4.6 billion and is part of the metals & mining industry. Shares are down 50.1% year to date as of the close of trading on Monday.

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Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. The company has a P/E ratio of 34.93.

TheStreet Ratings rates Agnico Eagle Mines 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, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow. You can view the full Agnico Eagle Mines Ratings Report now.

M&T Bank

Owners of M&T Bank (NYSE: MTB) shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $116.73 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for M&T Bank has been 864,800 shares per day over the past 30 days. M&T Bank has a market cap of $15.1 billion and is part of the banking industry. Shares are up 17.9% year to date as of the close of trading on Monday.

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M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. The company has a P/E ratio of 13.18.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in stock price during the past year and notable return on equity. 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 M&T Bank Ratings Report now.

Goldman Sachs Group

Owners of Goldman Sachs Group (NYSE: GS) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $170.23 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Goldman Sachs Group has been 3.3 million shares per day over the past 30 days. Goldman Sachs Group has a market cap of $76.2 billion and is part of the financial services industry. Shares are up 31.8% year to date as of the close of trading on Monday.

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The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. The company has a P/E ratio of 10.22.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and growth in earnings per share. 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 Goldman Sachs Group 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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