Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: JPG, QQQX, MCA, NEA, DPZ

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 Equity Premium and Growth Fund

Owners of Nuveen Equity Premium and Growth Fund (NYSE: JPG) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $14.26 as of 9:35 a.m. ET, the dividend yield is 7.9%.

The average volume for Nuveen Equity Premium and Growth Fund has been 37,700 shares per day over the past 30 days. Nuveen Equity Premium and Growth Fund has a market cap of $228.6 million and is part of the financial services industry. Shares are up 10.3% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 30.76.

NASDAQ Premium Income & Growth Fund

Owners of NASDAQ Premium Income & Growth Fund (NASDAQ: QQQX) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $17.51 as of 9:34 a.m. ET, the dividend yield is 6.9%.

The average volume for NASDAQ Premium Income & Growth Fund has been 46,400 shares per day over the past 30 days. NASDAQ Premium Income & Growth Fund has a market cap of $324.7 million and is part of the financial services industry. Shares are up 16.3% 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.

BlackRock MuniYield California Quality Fund

Owners of BlackRock MuniYield California Quality Fund (NYSE: MCA) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.28 as of 9:33 a.m. ET, the dividend yield is 6.8%.

The average volume for BlackRock MuniYield California Quality Fund has been 98,500 shares per day over the past 30 days. BlackRock MuniYield California Quality Fund has a market cap of $458.5 million and is part of the financial services industry. Shares are down 19.4% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 13.89.

Nuveen AMT-Free Municipal Income Fund

Owners of Nuveen AMT-Free Municipal Income Fund (AMEX: NEA) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.82 as of 9:35 a.m. ET, the dividend yield is 7%.

The average volume for Nuveen AMT-Free Municipal Income Fund has been 245,800 shares per day over the past 30 days. Nuveen AMT-Free Municipal Income Fund has a market cap of $933.2 million and is part of the financial services industry. Shares are down 20.3% 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.

The company has a P/E ratio of 12.20.

Domino's Pizza

Owners of Domino's Pizza (NYSE: DPZ) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $70.75 as of 9:34 a.m. ET, the dividend yield is 1.1%.

The average volume for Domino's Pizza has been 520,200 shares per day over the past 30 days. Domino's Pizza has a market cap of $3.9 billion and is part of the leisure industry. Shares are up 60.2% 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.

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza delivery company in the United States and internationally. The company operates in three segments: Domestic Stores, Domestic Supply Chain, and International. It sells and delivers pizzas under the Domino's Pizza brand name. The company has a P/E ratio of 28.37.

TheStreet Ratings rates Domino's Pizza as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Domino's Pizza 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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