Tomorrow's Ex-Dividends To Watch: LBF, MSD, BWG, BDJ, AEO

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:

DWS Global High Income Fund

Owners of DWS Global High Income Fund (NYSE: LBF) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $7.97 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for DWS Global High Income Fund has been 15,700 shares per day over the past 30 days. DWS Global High Income Fund has a market cap of $56.3 million and is part of the financial services industry. Shares are down 8.8% 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.

The company has a P/E ratio of 13.28.

MS Emerging Markets Debt Fund

Owners of MS Emerging Markets Debt Fund (NYSE: MSD) shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $9.75 as of 9:31 a.m. ET, the dividend yield is 7.5%.

The average volume for MS Emerging Markets Debt Fund has been 73,900 shares per day over the past 30 days. MS Emerging Markets Debt Fund has a market cap of $228.6 million and is part of the financial services industry. Shares are down 19.2% 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.

The company has a P/E ratio of 10.62.

Legg Mason BW Global Income Opportunities F

Owners of Legg Mason BW Global Income Opportunities F (NYSE: BWG) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $16.70 as of 9:35 a.m. ET, the dividend yield is 8.7%.

The average volume for Legg Mason BW Global Income Opportunities F has been 95,900 shares per day over the past 30 days. Legg Mason BW Global Income Opportunities F has a market cap of $348.0 million and is part of the financial services industry. Shares are down 17.5% 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.

BlackRock Enhanced Equity Dividend Fund

Owners of BlackRock Enhanced Equity Dividend Fund (NYSE: BDJ) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $7.80 as of 9:34 a.m. ET, the dividend yield is 7.2%.

The average volume for BlackRock Enhanced Equity Dividend Fund has been 487,500 shares per day over the past 30 days. BlackRock Enhanced Equity Dividend Fund has a market cap of $1.4 billion and is part of the financial services 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.

The company has a P/E ratio of 20.97.

American Eagle Outfitters

Owners of American Eagle Outfitters (NYSE: AEO) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.15 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for American Eagle Outfitters has been 4.6 million shares per day over the past 30 days. American Eagle Outfitters has a market cap of $2.7 billion and is part of the retail industry. Shares are down 30.9% 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.

American Eagle Outfitters, Inc., together with its subsidiaries, operates as an apparel and accessories retailer in the United States and Canada. The company has a P/E ratio of 16.87.

TheStreet Ratings rates American Eagle Outfitters as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Eagle Outfitters 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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