Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Thursday: GLAD, TCRD, CIG, DTE, AMT

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.

Thursday, Dec. 12, 2013, 55 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 16.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

Gladstone Capital

Owners of Gladstone Capital (NASDAQ: GLAD) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $9.57 as of 4:00 p.m. ET, the dividend yield is 8.8%.

The average volume for Gladstone Capital has been 116,100 shares per day over the past 30 days. Gladstone Capital has a market cap of $200.1 million and is part of the financial services industry. Shares are up 17.4% 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.

Gladstone Capital Corporation is a business development company specializing in investments in debt and equity securities. The company has a P/E ratio of 6.23.

TheStreet Ratings rates Gladstone Capital as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full Gladstone Capital Ratings Report now.

THL Credit

Owners of THL Credit (NASDAQ: TCRD) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $16.81 as of 4:00 p.m. ET, the dividend yield is 8.1%.

The average volume for THL Credit has been 213,900 shares per day over the past 30 days. THL Credit has a market cap of $569.3 million and is part of the financial services industry. Shares are up 13.5% 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.

THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. The company has a P/E ratio of 11.58.

TheStreet Ratings rates THL Credit as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full THL Credit Ratings Report now.

Energy Company of Minas Gerais

Owners of Energy Company of Minas Gerais (NYSE: CIG) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $8.42 as of 4:00 p.m. ET, the dividend yield is 4.5%.

The average volume for Energy Company of Minas Gerais has been 2.7 million shares per day over the past 30 days. Energy Company of Minas Gerais has a market cap of $8.0 billion and is part of the utilities industry. Shares are down 12.9% 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.

Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. The company has a P/E ratio of 16.85.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Energy Company of Minas Gerais Ratings Report now.

DTE Energy Holding Company

Owners of DTE Energy Holding Company (NYSE: DTE) shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $66.63 as of 4:01 p.m. ET, the dividend yield is 3.9%.

The average volume for DTE Energy Holding Company has been 1.1 million shares per day over the past 30 days. DTE Energy Holding Company has a market cap of $12.0 billion and is part of the utilities industry. Shares are up 11.9% 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.

DTE Energy Company, together with its subsidiaries, operates as an energy company. The company's Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. The company has a P/E ratio of 17.47.

TheStreet Ratings rates DTE Energy Holding Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full DTE Energy Holding Company Ratings Report now.

American Tower

Owners of American Tower (NYSE: AMT) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $79.21 as of 4:02 p.m. ET, the dividend yield is 1.5%.

The average volume for American Tower has been 2.5 million shares per day over the past 30 days. American Tower has a market cap of $30.8 billion and is part of the real estate industry. Shares are up 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.

American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites. The company has a P/E ratio of 53.12.

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