Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: AWF, SQM, SEE, PX, PEP

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. 4, 2013, 43 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

AllianceBernstein Global High Income Fund I

Owners of AllianceBernstein Global High Income Fund I (NYSE: AWF) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.98 as of 9:34 a.m. ET, the dividend yield is 8%.

The average volume for AllianceBernstein Global High Income Fund I has been 192,500 shares per day over the past 30 days. AllianceBernstein Global High Income Fund I has a market cap of $1.3 billion and is part of the financial services industry. Shares are down 4.3% 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.

Sociedad Quimica Y Minera De Chile

Owners of Sociedad Quimica Y Minera De Chile (NYSE: SQM) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $24.97 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Sociedad Quimica Y Minera De Chile has been 838,600 shares per day over the past 30 days. Sociedad Quimica Y Minera De Chile has a market cap of $6.6 billion and is part of the chemicals industry. Shares are down 56.8% 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.

Chemical and Mining Company of Chile Inc. engages in the production and distribution of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and potassium sulfate, industrial chemicals, and other commodity fertilizers. The company has a P/E ratio of 10.13.

TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Sociedad Quimica Y Minera De Chile Ratings Report now.

Sealed Air Corporation

Owners of Sealed Air Corporation (NYSE: SEE) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $31.86 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Sealed Air Corporation has been 1.9 million shares per day over the past 30 days. Sealed Air Corporation has a market cap of $6.3 billion and is part of the consumer non-durables industry. Shares are up 81.7% 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.

Sealed Air Corporation, through its subsidiaries, provides food safety and security, facility hygiene, and product protection solutions worldwide. The company operates through three segments: Food & Beverage (F&B), Institutional & Laundry (I&L), and Protective Packaging.

TheStreet Ratings rates Sealed Air Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, impressive record of earnings per share growth and expanding profit margins. 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 Sealed Air Corporation Ratings Report now.

Praxair

Owners of Praxair (NYSE: PX) shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $124.50 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Praxair has been 896,600 shares per day over the past 30 days. Praxair has a market cap of $37.2 billion and is part of the chemicals industry. Shares are up 15.4% 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.

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. The company has a P/E ratio of 22.31.

TheStreet Ratings rates Praxair 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, growth in earnings per share and increase in stock price during the past year. 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 Praxair Ratings Report now.

PepsiCo

Owners of PepsiCo (NYSE: PEP) shares as of market close today will be eligible for a dividend of 57 cents per share. At a price of $83.57 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for PepsiCo has been 4.5 million shares per day over the past 30 days. PepsiCo has a market cap of $129.5 billion and is part of the food & beverage industry. Shares are up 23.4% 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.

PepsiCo, Inc. operates as a food and beverage company worldwide. The company has a P/E ratio of 19.83.

TheStreet Ratings rates PepsiCo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and reasonable valuation levels. 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 PepsiCo 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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