Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: EGAS, JLA, NAD, JQC, ALB

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:

Gas Natural

Owners of Gas Natural (AMEX: EGAS) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $8.02 as of 9:30 a.m. ET, the dividend yield is 6.7%.

The average volume for Gas Natural has been 69,300 shares per day over the past 30 days. Gas Natural has a market cap of $84.6 million and is part of the utilities industry. Shares are down 13.3% 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.

Gas Natural Inc. engages in the distribution and sale of natural gas to residential, commercial, and industrial customers. The company has a P/E ratio of 13.71.

TheStreet Ratings rates Gas Natural as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Gas Natural Ratings Report now.

Nuveen Equity Premium Advantage Fund

Owners of Nuveen Equity Premium Advantage Fund (NYSE: JLA) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $12.61 as of 9:35 a.m. ET, the dividend yield is 9%.

The average volume for Nuveen Equity Premium Advantage Fund has been 68,700 shares per day over the past 30 days. Nuveen Equity Premium Advantage Fund has a market cap of $323.8 million and is part of the financial services industry. Shares are up 5.9% 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.

The company has a P/E ratio of 63.05.

Nuveen Dividend Advantage Municipal Fund

Owners of Nuveen Dividend Advantage Municipal Fund (NYSE: NAD) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $12.30 as of 9:33 a.m. ET, the dividend yield is 7.1%.

The average volume for Nuveen Dividend Advantage Municipal Fund has been 118,700 shares per day over the past 30 days. Nuveen Dividend Advantage Municipal Fund has a market cap of $484.9 million and is part of the financial services industry. Shares are down 20.5% 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 11.87.

Nuveen Credit Strategies Income Fund

Owners of Nuveen Credit Strategies Income Fund (NYSE: JQC) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $9.35 as of 9:30 a.m. ET, the dividend yield is 7%.

The average volume for Nuveen Credit Strategies Income Fund has been 408,300 shares per day over the past 30 days. Nuveen Credit Strategies Income Fund has a market cap of $1.3 billion and is part of the financial services industry. Shares are down 3.6% 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 8.30.

Albemarle

Owners of Albemarle (NYSE: ALB) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $69.39 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Albemarle has been 626,900 shares per day over the past 30 days. Albemarle has a market cap of $5.7 billion and is part of the chemicals industry. Shares are up 11.9% 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.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 20.15.

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