Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: ERF, HBHC, FNV, ALU, AIG

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, Dec. 3, 2013, 15 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 11.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Enerplus

Owners of Enerplus (NYSE: ERF) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $18.20 as of 9:35 a.m. ET, the dividend yield is 5.6%.

The average volume for Enerplus has been 650,500 shares per day over the past 30 days. Enerplus has a market cap of $3.7 billion and is part of the energy industry. Shares are up 41.2% year to date as of the close of trading on Friday.

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

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada.

TheStreet Ratings rates Enerplus 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 Enerplus Ratings Report now.

Hancock Holding Company

Owners of Hancock Holding Company (NASDAQ: HBHC) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $35.07 as of 9:34 a.m. ET, the dividend yield is 2.7%.

The average volume for Hancock Holding Company has been 492,300 shares per day over the past 30 days. Hancock Holding Company has a market cap of $2.9 billion and is part of the banking industry. Shares are up 10.9% year to date as of the close of trading on Friday.

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

Hancock Holding Company, a financial holding company, provides financial and banking services in Mississippi, Louisiana, Alabama, Florida, and Texas. The company has a P/E ratio of 15.18.

TheStreet Ratings rates Hancock Holding Company as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hancock Holding Company Ratings Report now.

Franco-Nevada

Owners of Franco-Nevada (NYSE: FNV) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $39.35 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Franco-Nevada has been 774,400 shares per day over the past 30 days. Franco-Nevada has a market cap of $5.8 billion and is part of the metals & mining industry. Shares are down 31.1% year to date as of the close of trading on Friday.

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

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. The company has a P/E ratio of 101.03.

TheStreet Ratings rates Franco-Nevada 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, expanding profit margins and notable return on equity. 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 Franco-Nevada Ratings Report now.

Alcatel-Lucent

According to Diane Ross of Alcatel-Lucent (NYSE: ALU) Investor Relations, "The payment is for the proceeds from the recent rights issue. The rate per ADR is $0.175370 minus a $0.01 cash distribution fee for a final cash distribution rate of $0.165370 per DR." So, the company does not consider the payment to be a dividend. The ADR record date is December 5th with a payment date of December 19th.

The average volume for Alcatel-Lucent has been 24.4 million shares per day over the past 30 days. Alcatel-Lucent has a market cap of $9.6 billion and is part of the telecommunications industry. Shares are up 210.1% year to date as of the close of trading on Friday.

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

Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide.

TheStreet Ratings rates Alcatel-Lucent as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity. You can view the full Alcatel-Lucent Ratings Report now.

American International Group

Owners of American International Group (NYSE: AIG) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $49.83 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for American International Group has been 9.9 million shares per day over the past 30 days. American International Group has a market cap of $73.1 billion and is part of the insurance industry. Shares are up 40.6% year to date as of the close of trading on Friday.

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

American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The company has a P/E ratio of 9.68.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full American International 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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