Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: BKN, MAV, CLM, VLY, CMA

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. 11, 2013, 174 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 30.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

BlackRock Investment Quality Municipal

Owners of BlackRock Investment Quality Municipal (NYSE: BKN) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.86 as of 9:30 a.m. ET, the dividend yield is 7.5%.

The average volume for BlackRock Investment Quality Municipal has been 45,900 shares per day over the past 30 days. BlackRock Investment Quality Municipal has a market cap of $221.0 million and is part of the financial services industry. Shares are down 21.3% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 11.71.

Pioneer Municipal High Income Advantage Tru

Owners of Pioneer Municipal High Income Advantage Tru (NYSE: MAV) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $12.85 as of 9:30 a.m. ET, the dividend yield is 8.9%.

The average volume for Pioneer Municipal High Income Advantage Tru has been 80,900 shares per day over the past 30 days. Pioneer Municipal High Income Advantage Tru has a market cap of $299.3 million and is part of the financial services industry. Shares are down 17.1% 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.

The company has a P/E ratio of 10.90.

Cornerstone Strategic Value Fund

Owners of Cornerstone Strategic Value Fund (AMEX: CLM) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $6.28 as of 9:33 a.m. ET, the dividend yield is 18.6%.

The average volume for Cornerstone Strategic Value Fund has been 270,300 shares per day over the past 30 days. Cornerstone Strategic Value Fund has a market cap of $117.1 million and is part of the financial services industry. Shares are up 3.2% 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.

Valley National Bancorp

Owners of Valley National Bancorp (NYSE: VLY) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $10.14 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for Valley National Bancorp has been 1.1 million shares per day over the past 30 days. Valley National Bancorp has a market cap of $2.0 billion and is part of the banking industry. Shares are up 9% 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.

Valley National Bancorp operates as the bank holding company for the Valley National Bank that provides commercial, retail, and wealth management financial services. The company has a P/E ratio of 15.51.

TheStreet Ratings rates Valley National Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Valley National Bancorp Ratings Report now.

Comerica

Owners of Comerica (NYSE: CMA) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $45.94 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Comerica has been 1.6 million shares per day over the past 30 days. Comerica has a market cap of $8.4 billion and is part of the banking industry. Shares are up 51.9% 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.

Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The company has a P/E ratio of 15.81.

TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Comerica 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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