5 Stocks Going Ex-Dividend Tomorrow: BQR, IGI, BGH, CFFN, OMC

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. 18, 2013, 66 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 15%. 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 EcoSolutions Investment

Owners of BlackRock EcoSolutions Investment (NYSE: BQR) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $7.66 as of 9:30 a.m. ET, the dividend yield is 9.4%.

The average volume for BlackRock EcoSolutions Investment has been 49,600 shares per day over the past 30 days. BlackRock EcoSolutions Investment has a market cap of $95.0 million and is part of the financial services industry. Shares are down 8.7% 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.

Western Asset Investment Grade Defined Oppo

Owners of Western Asset Investment Grade Defined Oppo (NYSE: IGI) shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $19.63 as of 9:31 a.m. ET, the dividend yield is 6.2%.

The average volume for Western Asset Investment Grade Defined Oppo has been 55,500 shares per day over the past 30 days. Western Asset Investment Grade Defined Oppo has a market cap of $210.0 million and is part of the financial services industry. Shares are down 15.4% 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.

Babson Capital Global Short Duration High Y

Owners of Babson Capital Global Short Duration High Y (NYSE: BGH) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.55 as of 9:29 a.m. ET, the dividend yield is 8.6%.

The average volume for Babson Capital Global Short Duration High Y has been 88,000 shares per day over the past 30 days. Babson Capital Global Short Duration High Y has a market cap of $467.3 million and is part of the financial services industry. Shares are down 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.

Capitol Federal Financial

Owners of Capitol Federal Financial (NASDAQ: CFFN) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $12.40 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Capitol Federal Financial has been 779,400 shares per day over the past 30 days. Capitol Federal Financial has a market cap of $1.8 billion and is part of the banking industry. Shares are up 3.9% 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.

Capitol Federal Financial, Inc. operates as the holding company for Capitol Federal Savings Bank that provides various banking products and services in the United States. The company has a P/E ratio of 25.31.

TheStreet Ratings rates Capitol Federal Financial as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Capitol Federal Financial Ratings Report now.

Omnicom Group

Owners of Omnicom Group (NYSE: OMC) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $70.13 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Omnicom Group has been 1.3 million shares per day over the past 30 days. Omnicom Group has a market cap of $17.7 billion and is part of the media industry. Shares are up 37.8% 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.

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services in the Americas, Europe, the Middle East, Africa, and the Asia pacific. The company has a P/E ratio of 18.60.

TheStreet Ratings rates Omnicom Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Omnicom Group 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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