Ex-Dividends To Watch: 4 Stocks Going Ex-Dividend Monday: CHY, AXE, AEE, APC

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. 9, 2013, 16 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 8.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Calamos Convertible & High Income Fund

Owners of Calamos Convertible & High Income Fund (NASDAQ: CHY) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.78 as of 9:30 a.m. ET, the dividend yield is 8%.

The average volume for Calamos Convertible & High Income Fund has been 178,300 shares per day over the past 30 days. Calamos Convertible & High Income Fund has a market cap of $924.9 million and is part of the financial services industry. Shares are up 4.9% year-to-date as of the close of trading on Thursday.

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The company has a P/E ratio of 8.60.

Anixter International

At a price of $91.35 as of 9:40 a.m. ET, the dividend yield is 0%.

The average volume for Anixter International has been 142,300 shares per day over the past 30 days. Anixter International has a market cap of $2.9 billion and is part of the wholesale industry. Shares are up 41.7% year-to-date as of the close of trading on Thursday.

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Anixter International Inc., together with its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (OEM) supply fasteners, and other small parts. The company has a P/E ratio of 20.06.

TheStreet Ratings rates Anixter International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Anixter International Ratings Report now.

Ameren

Owners of Ameren (NYSE: AEE) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $36.28 as of 9:40 a.m. ET, the dividend yield is 4.4%.

The average volume for Ameren has been 1.5 million shares per day over the past 30 days. Ameren has a market cap of $8.9 billion and is part of the utilities industry. Shares are up 17.5% year-to-date as of the close of trading on Thursday.

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Ameren Corporation operates as a public utility holding company in the United States. It operates in three segments: Ameren Missouri, Ameren Illinois, and Merchant Generation.

TheStreet Ratings rates Ameren as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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 Ameren Ratings Report now.

Anadarko Petroleum

Owners of Anadarko Petroleum (NYSE: APC) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $87.99 as of 9:40 a.m. ET, the dividend yield is 0.8%.

The average volume for Anadarko Petroleum has been 2.8 million shares per day over the past 30 days. Anadarko Petroleum has a market cap of $44.6 billion and is part of the energy industry. Shares are up 18.4% year-to-date as of the close of trading on Thursday.

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

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. The company has a P/E ratio of 25.32.

TheStreet Ratings rates Anadarko Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Anadarko Petroleum 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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