5 With Upcoming Ex-Dividend Dates: FHY, FSD, GHL, AVY, GME

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.

Monday, Dec. 2, 2013, 19 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 11.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

First Trust Strategic High Income Fund II

Owners of First Trust Strategic High Income Fund II (NYSE: FHY) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $15.70 as of 9:34 a.m. ET, the dividend yield is 9.1%.

The average volume for First Trust Strategic High Income Fund II has been 32,300 shares per day over the past 30 days. First Trust Strategic High Income Fund II has a market cap of $133.5 million and is part of the financial services industry. Shares are down 4.9% year to date as of the close of trading on Wednesday.

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

First Trust High Inc Long/Shrt CE with IsEq

Owners of First Trust High Inc Long/Shrt CE with IsEq (NYSE: FSD) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $17.38 as of 9:30 a.m. ET, the dividend yield is 7.6%.

The average volume for First Trust High Inc Long/Shrt CE with IsEq has been 116,900 shares per day over the past 30 days. First Trust High Inc Long/Shrt CE with IsEq has a market cap of $625.2 million and is part of the financial services industry. Shares are down 4.3% year to date as of the close of trading on Wednesday.

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

Greenhill

Owners of Greenhill (NYSE: GHL) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $55.90 as of 9:32 a.m. ET, the dividend yield is 3.2%.

The average volume for Greenhill has been 276,800 shares per day over the past 30 days. Greenhill has a market cap of $1.5 billion and is part of the financial services industry. Shares are up 7.2% year to date as of the close of trading on Wednesday.

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

Greenhill & Co., Inc., an independent investment bank, provides financial advice on mergers, acquisitions, restructurings, financings, and capital raising to corporations, partnerships, institutions, and governments worldwide. The company has a P/E ratio of 36.44.

TheStreet Ratings rates Greenhill as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Greenhill Ratings Report now.

Avery Dennison

Owners of Avery Dennison (NYSE: AVY) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $48.90 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Avery Dennison has been 716,700 shares per day over the past 30 days. Avery Dennison has a market cap of $4.7 billion and is part of the consumer durables industry. Shares are up 40.5% year to date as of the close of trading on Wednesday.

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

Avery Dennison Corporation engages in the production and sale of pressure-sensitive materials worldwide. Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. The company has a P/E ratio of 20.80.

TheStreet Ratings rates Avery Dennison 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, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Avery Dennison Ratings Report now.

GameStop

Owners of GameStop (NYSE: GME) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $48.18 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for GameStop has been 2.3 million shares per day over the past 30 days. GameStop has a market cap of $5.6 billion and is part of the retail industry. Shares are up 90.4% year to date as of the close of trading on Wednesday.

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

GameStop Corp. operates as a video game retailer. The company has a P/E ratio of 15.31.

TheStreet Ratings rates GameStop as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, reasonable valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full GameStop 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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