Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Monday: FIF, FPF, ORI, WM, SLB

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 Energy Infrastructure Fund

Owners of First Trust Energy Infrastructure Fund (NYSE: FIF) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $21.45 as of 9:35 a.m. ET, the dividend yield is 6.2%.

The average volume for First Trust Energy Infrastructure Fund has been 62,500 shares per day over the past 30 days. First Trust Energy Infrastructure Fund has a market cap of $376.1 million and is part of the financial services industry. Shares are up 1.3% 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.

First Trust Intermediate Duration Preferred

Owners of First Trust Intermediate Duration Preferred (NYSE: FPF) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $20.62 as of 9:30 a.m. ET, the dividend yield is 8.9%.

The average volume for First Trust Intermediate Duration Preferred has been 294,900 shares per day over the past 30 days. First Trust Intermediate Duration Preferred has a market cap of $1.2 billion and is part of the financial services industry. Shares are unchanged 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.

Old Republic International

Owners of Old Republic International (NYSE: ORI) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $17.26 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for Old Republic International has been 1.5 million shares per day over the past 30 days. Old Republic International has a market cap of $4.5 billion and is part of the insurance industry. Shares are up 61.6% 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.

Old Republic International Corporation, through its subsidiaries, engages in underwriting insurance products primarily in the United States and Canada. The company has a P/E ratio of 22.06.

TheStreet Ratings rates Old Republic International 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Old Republic International Ratings Report now.

Waste Management

Owners of Waste Management (NYSE: WM) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $45.50 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for Waste Management has been 2.0 million shares per day over the past 30 days. Waste Management has a market cap of $21.4 billion and is part of the materials & construction industry. Shares are up 35.3% 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.

Waste Management, Inc. provides waste management services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. The company has a P/E ratio of 23.05.

TheStreet Ratings rates Waste Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and good cash flow from operations. 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 Waste Management Ratings Report now.

Schlumberger

Owners of Schlumberger (NYSE: SLB) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $87.69 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Schlumberger has been 6.1 million shares per day over the past 30 days. Schlumberger has a market cap of $115.8 billion and is part of the energy industry. Shares are up 26.9% 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.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. The company has a P/E ratio of 17.66.

TheStreet Ratings rates Schlumberger 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Schlumberger 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.
null

If you liked this article you might like

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: IID, FIF, FEI

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: IID, FIF, FEI

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FIF, FI, NGG

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FIF, FI, NGG

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: IID, FIF, CNNX

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: IID, FIF, CNNX

3 Stocks With Upcoming Ex-Dividend Dates: IID, IGA, FIF

3 Stocks With Upcoming Ex-Dividend Dates: IID, IGA, FIF

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FHY, FIF, TVPT

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FHY, FIF, TVPT