Tomorrow's Ex-Dividends To Watch: NPV, BLE, CEN, HYT, UFS

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 Virginia Premium Income Municipal Fu

Owners of Nuveen Virginia Premium Income Municipal Fu (NYSE: NPV) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.68 as of 9:30 a.m. ET, the dividend yield is 6.1%.

The average volume for Nuveen Virginia Premium Income Municipal Fu has been 45,700 shares per day over the past 30 days. Nuveen Virginia Premium Income Municipal Fu has a market cap of $210.7 million and is part of the financial services industry. Shares are down 24.6% 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 13.35.

Blackrock Municipal Income Trust II

Owners of Blackrock Municipal Income Trust II (AMEX: BLE) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.82 as of 9:33 a.m. ET, the dividend yield is 7.6%.

The average volume for Blackrock Municipal Income Trust II has been 63,000 shares per day over the past 30 days. Blackrock Municipal Income Trust II has a market cap of $301.9 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 10.92.

Center Coast MLP & Infrastructure Fund

Owners of Center Coast MLP & Infrastructure Fund (NYSE: CEN) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.14 as of 9:31 a.m. ET, the dividend yield is 7.3%.

The average volume for Center Coast MLP & Infrastructure Fund has been 76,300 shares per day over the past 30 days. Center Coast MLP & Infrastructure Fund has a market cap of $248.4 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.

BlackRock Corporate High Yield VI

Owners of BlackRock Corporate High Yield VI (NYSE: HYT) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $11.90 as of 9:35 a.m. ET, the dividend yield is 8.5%.

The average volume for BlackRock Corporate High Yield VI has been 234,800 shares per day over the past 30 days. BlackRock Corporate High Yield VI has a market cap of $1.5 billion and is part of the financial services industry. Shares are down 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.

The company has a P/E ratio of 10.23.

Domtar

Owners of Domtar (NYSE: UFS) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $90.03 as of 9:32 a.m. ET, the dividend yield is 2.5%.

The average volume for Domtar has been 391,600 shares per day over the past 30 days. Domtar has a market cap of $2.8 billion and is part of the consumer non-durables industry. Shares are up 8.6% 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.

Domtar Corporation designs, manufactures, markets, and distributes communications papers, specialty and packaging papers, and adult incontinence products worldwide. It operates in three segments: Pulp and Paper, Distribution, and Personal Care. The company has a P/E ratio of 67.35.

TheStreet Ratings rates Domtar as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Domtar 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.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers