5 With Upcoming Ex-Dividend Dates: NBD, MUE, DSU, BIT, EXR

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 Build America Bond Opportunity Fund

Owners of Nuveen Build America Bond Opportunity Fund (NYSE: NBD) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $18.94 as of 9:30 a.m. ET, the dividend yield is 7.2%.

The average volume for Nuveen Build America Bond Opportunity Fund has been 29,300 shares per day over the past 30 days. Nuveen Build America Bond Opportunity Fund has a market cap of $136.5 million and is part of the financial services industry. Shares are down 12.3% 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 MuniHoldings Quality Fund II

Owners of BlackRock MuniHoldings Quality Fund II (NYSE: MUE) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.93 as of 9:31 a.m. ET, the dividend yield is 7%.

The average volume for BlackRock MuniHoldings Quality Fund II has been 72,400 shares per day over the past 30 days. BlackRock MuniHoldings Quality Fund II has a market cap of $270.4 million and is part of the financial services industry. Shares are down 21.1% 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 12.91.

BlackRock Debt Strategies Fund

Owners of BlackRock Debt Strategies Fund (NYSE: DSU) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $4.00 as of 9:35 a.m. ET, the dividend yield is 7.6%.

The average volume for BlackRock Debt Strategies Fund has been 362,000 shares per day over the past 30 days. BlackRock Debt Strategies Fund has a market cap of $430.4 million and is part of the financial services industry. Shares are down 7.7% 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.

The company has a P/E ratio of 6.30.

BlackRock Multi-Sector Income

Owners of BlackRock Multi-Sector Income (NYSE: BIT) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $16.82 as of 9:32 a.m. ET, the dividend yield is 8.4%.

The average volume for BlackRock Multi-Sector Income has been 192,800 shares per day over the past 30 days. BlackRock Multi-Sector Income has a market cap of $596.9 million and is part of the financial services industry. Shares are unchanged 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.

Extra Space Storage

Owners of Extra Space Storage (NYSE: EXR) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $42.60 as of 9:35 a.m. ET, the dividend yield is 3.8%.

The average volume for Extra Space Storage has been 906,300 shares per day over the past 30 days. Extra Space Storage has a market cap of $4.7 billion and is part of the real estate industry. Shares are up 16.4% 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.

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. The company has a P/E ratio of 35.98.

TheStreet Ratings rates Extra Space Storage as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, 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 Extra Space Storage 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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