5 With Upcoming Ex-Dividend Dates: JHP, MHI, NPT, NIO, BRE

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:

Nuveen Quality Preferred Income Fund 3

Owners of Nuveen Quality Preferred Income Fund 3 (NYSE: JHP) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $7.70 as of 9:30 a.m. ET, the dividend yield is 8.1%.

The average volume for Nuveen Quality Preferred Income Fund 3 has been 72,600 shares per day over the past 30 days. Nuveen Quality Preferred Income Fund 3 has a market cap of $183.2 million and is part of the financial services industry. Shares are down 13.3% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 5.85.

Pioneer Municipal High Income

Owners of Pioneer Municipal High Income (NYSE: MHI) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $13.41 as of 9:30 a.m. ET, the dividend yield is 8.5%.

The average volume for Pioneer Municipal High Income has been 69,000 shares per day over the past 30 days. Pioneer Municipal High Income has a market cap of $303.3 million and is part of the financial services industry. Shares are down 14.9% 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 13.18.

Nuveen Premium Income Municipal Fund 4

Owners of Nuveen Premium Income Municipal Fund 4 (NYSE: NPT) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.43 as of 9:35 a.m. ET, the dividend yield is 7.1%.

The average volume for Nuveen Premium Income Municipal Fund 4 has been 128,600 shares per day over the past 30 days. Nuveen Premium Income Municipal Fund 4 has a market cap of $495.4 million and is part of the financial services industry. Shares are down 18.8% 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.

The company has a P/E ratio of 12.56.

Nuveen Municipal Opportunity

Owners of Nuveen Municipal Opportunity (NYSE: NIO) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.64 as of 9:35 a.m. ET, the dividend yield is 6.9%.

The average volume for Nuveen Municipal Opportunity has been 320,500 shares per day over the past 30 days. Nuveen Municipal Opportunity has a market cap of $1.2 billion and is part of the financial services industry. Shares are down 17.6% 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 12.57.

BRE Properties

Owners of BRE Properties (NYSE: BRE) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $58.33 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for BRE Properties has been 768,100 shares per day over the past 30 days. BRE Properties has a market cap of $4.6 billion and is part of the real estate industry. Shares are up 16.7% 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.

BRE Properties Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It focuses on the development, acquisition, and management of multifamily apartment communities. BRE Properties Inc. The company has a P/E ratio of 27.35.

TheStreet Ratings rates BRE Properties as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. 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 BRE Properties 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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