5 Stocks Going Ex-Dividend Tomorrow: MQT, MEN, TEI, RCI, ADP

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 MuniYield Quality II

Owners of BlackRock MuniYield Quality II (NYSE: MQT) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.44 as of 9:35 a.m. ET, the dividend yield is 7.4%.

The average volume for BlackRock MuniYield Quality II has been 58,200 shares per day over the past 30 days. BlackRock MuniYield Quality II has a market cap of $259.4 million and is part of the financial services industry. Shares are down 20.8% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 12.92.

BlackRock MuniEnhanced Fund

Owners of BlackRock MuniEnhanced Fund (NYSE: MEN) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.14 as of 9:30 a.m. ET, the dividend yield is 7.1%.

The average volume for BlackRock MuniEnhanced Fund has been 110,600 shares per day over the past 30 days. BlackRock MuniEnhanced Fund has a market cap of $301.9 million and is part of the financial services industry. Shares are down 17.5% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 13.27.

Templeton Emerging Markets Income Fund

Owners of Templeton Emerging Markets Income Fund (NYSE: TEI) shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $14.24 as of 9:35 a.m. ET, the dividend yield is 7%.

The average volume for Templeton Emerging Markets Income Fund has been 130,800 shares per day over the past 30 days. Templeton Emerging Markets Income Fund has a market cap of $680.1 million and is part of the financial services industry. Shares are down 18.6% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 17.29.

Rogers Communications

Owners of Rogers Communications (NYSE: RCI) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $45.40 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for Rogers Communications has been 420,600 shares per day over the past 30 days. Rogers Communications has a market cap of $18.1 billion and is part of the telecommunications industry. Shares are down 0.3% year-to-date as of the close of trading on Monday.

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Rogers Communications Inc. operates as a communications and media company in Canada. The company's Wireless segment offers voice and high-speed data services, as well mobile devices and accessories. It markets its products and services under the Rogers, Fido, and chatr brands. The company has a P/E ratio of 15.32.

TheStreet Ratings rates Rogers Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Rogers Communications Ratings Report now.

Automatic Data Processing

Owners of Automatic Data Processing (NASDAQ: ADP) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $78.86 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Automatic Data Processing has been 1.8 million shares per day over the past 30 days. Automatic Data Processing has a market cap of $38.4 billion and is part of the computer software & services industry. Shares are up 38.8% year-to-date as of the close of trading on Monday.

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Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. The company has a P/E ratio of 27.85.

TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and solid stock price performance. 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 Automatic Data Processing 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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