Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: EVN, MENT, POM, VFC, OXY

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. 6, 2013, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 9.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Eaton Vance Municipal Income

Owners of Eaton Vance Municipal Income (NYSE: EVN) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.60 as of 9:39 a.m. ET, the dividend yield is 8.6%.

The average volume for Eaton Vance Municipal Income has been 88,400 shares per day over the past 30 days. Eaton Vance Municipal Income has a market cap of $239.6 million and is part of the financial services industry. Shares are down 23.2% year-to-date as of the close of trading on Wednesday.

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The company has a P/E ratio of 10.10.

Mentor Graphics Corporation

Owners of Mentor Graphics Corporation (NASDAQ: MENT) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $22.22 as of 9:40 a.m. ET, the dividend yield is 0.8%.

The average volume for Mentor Graphics Corporation has been 542,100 shares per day over the past 30 days. Mentor Graphics Corporation has a market cap of $2.5 billion and is part of the computer software & services industry. Shares are up 31.1% year-to-date as of the close of trading on Wednesday.

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Mentor Graphics Corporation provides electronic design automation software and hardware solutions to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software. The company has a P/E ratio of 22.31.

TheStreet Ratings rates Mentor Graphics Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mentor Graphics Corporation Ratings Report now.

Pepco Holdings

Owners of Pepco Holdings (NYSE: POM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $19.03 as of 9:40 a.m. ET, the dividend yield is 5.7%.

The average volume for Pepco Holdings has been 2.0 million shares per day over the past 30 days. Pepco Holdings has a market cap of $4.8 billion and is part of the utilities industry. Shares are down 2.6% year-to-date as of the close of trading on Wednesday.

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Pepco Holdings, Inc., through its subsidiaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. The company has a P/E ratio of 29.34.

TheStreet Ratings rates Pepco Holdings as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and generally higher debt management risk. You can view the full Pepco Holdings Ratings Report now.

VF Corporation

At a price of $234.68 as of 9:40 a.m. ET, the dividend yield is 1.8%.

The average volume for VF Corporation has been 577,200 shares per day over the past 30 days. VF Corporation has a market cap of $25.8 billion and is part of the consumer non-durables industry. Shares are up 54.7% year-to-date as of the close of trading on Wednesday.

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V.F. Corporation designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. The company has a P/E ratio of 22.23.

TheStreet Ratings rates VF Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, reasonable valuation levels and expanding profit margins. 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 VF Corporation Ratings Report now.

Occidental Petroleum Corporation

Owners of Occidental Petroleum Corporation (NYSE: OXY) shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $93.91 as of 9:40 a.m. ET, the dividend yield is 2.7%.

The average volume for Occidental Petroleum Corporation has been 3.6 million shares per day over the past 30 days. Occidental Petroleum Corporation has a market cap of $76.0 billion and is part of the energy industry. Shares are up 23.5% year-to-date as of the close of trading on Wednesday.

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Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. The company has a P/E ratio of 16.51.

TheStreet Ratings rates Occidental Petroleum Corporation 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, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Occidental Petroleum Corporation 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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