Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: NZH, GBAB, JPI, BXS, GGP

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 California Dividend Advantage Munici

Owners of Nuveen California Dividend Advantage Munici (AMEX: NZH) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $11.05 as of 9:33 a.m. ET, the dividend yield is 7.2%.

The average volume for Nuveen California Dividend Advantage Munici has been 57,700 shares per day over the past 30 days. Nuveen California Dividend Advantage Munici has a market cap of $268.6 million and is part of the financial services industry. Shares are down 22.4% 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 11.46.

Guggenheim Build America Managed Duration

Owners of Guggenheim Build America Managed Duration (NYSE: GBAB) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $19.19 as of 9:30 a.m. ET, the dividend yield is 8.7%.

The average volume for Guggenheim Build America Managed Duration has been 55,900 shares per day over the past 30 days. Guggenheim Build America Managed Duration has a market cap of $333.8 million and is part of the financial services industry. Shares are down 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.

Nuveen Preferred & Income Term Fund

Owners of Nuveen Preferred & Income Term Fund (NYSE: JPI) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.98 as of 9:30 a.m. ET, the dividend yield is 9.3%.

The average volume for Nuveen Preferred & Income Term Fund has been 80,200 shares per day over the past 30 days. Nuveen Preferred & Income Term Fund has a market cap of $497.1 million and is part of the financial services industry. Shares are down 10.7% 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.

BancorpSouth

Owners of BancorpSouth (NYSE: BXS) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $24.18 as of 9:32 a.m. ET, the dividend yield is 0.8%.

The average volume for BancorpSouth has been 657,700 shares per day over the past 30 days. BancorpSouth has a market cap of $2.3 billion and is part of the banking industry. Shares are up 67.1% 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.

BancorpSouth, Inc. operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The company has a P/E ratio of 27.60.

TheStreet Ratings rates BancorpSouth as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full BancorpSouth Ratings Report now.

General Growth Properties

Owners of General Growth Properties (NYSE: GGP) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $21.23 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for General Growth Properties has been 4.2 million shares per day over the past 30 days. General Growth Properties has a market cap of $19.3 billion and is part of the real estate industry. Shares are up 6.7% 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.

General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. The company has a P/E ratio of 140.93.

TheStreet Ratings rates General Growth Properties as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full General Growth 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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