5 With Upcoming Ex-Dividend Dates: RIT, PFLT, ISD, DSL, CBI

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.

Wednesday, 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 Wednesday:

LMP Real Estate Income Fund

Owners of LMP Real Estate Income Fund (NYSE: RIT) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $9.73 as of 4:02 p.m. ET, the dividend yield is 7.4%.

The average volume for LMP Real Estate Income Fund has been 42,700 shares per day over the past 30 days. LMP Real Estate Income Fund has a market cap of $110.8 million and is part of the financial services industry. Shares are down 11.7% year-to-date as of the close of trading on Friday.

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The company has a P/E ratio of 9.80.

PennantPark Floating Rate Capital

Owners of PennantPark Floating Rate Capital (NASDAQ: PFLT) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $13.61 as of 9:31 a.m. ET, the dividend yield is 7.8%.

The average volume for PennantPark Floating Rate Capital has been 82,600 shares per day over the past 30 days. PennantPark Floating Rate Capital has a market cap of $205.6 million and is part of the financial services industry. Shares are up 8.1% year-to-date as of the close of trading on Monday.

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PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. The company has a P/E ratio of 12.55.

TheStreet Ratings rates PennantPark Floating Rate Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. You can view the full PennantPark Floating Rate Capital Ratings Report now.

Prudential Short Duration High Yield Fund

Owners of Prudential Short Duration High Yield Fund (NYSE: ISD) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $17.71 as of 9:31 a.m. ET, the dividend yield is 8.3%.

The average volume for Prudential Short Duration High Yield Fund has been 130,500 shares per day over the past 30 days. Prudential Short Duration High Yield Fund has a market cap of $587.4 million and is part of the financial services industry. Shares are down 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.

DoubleLine Income Solutions Fund

Owners of DoubleLine Income Solutions Fund (NYSE: DSL) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $20.05 as of 9:35 a.m. ET, the dividend yield is 8.9%.

The average volume for DoubleLine Income Solutions Fund has been 664,200 shares per day over the past 30 days. DoubleLine Income Solutions Fund has a market cap of $2.0 billion 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.

Chicago Bridge & Iron Company

Owners of Chicago Bridge & Iron Company (NYSE: CBI) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $77.84 as of 9:35 a.m. ET, the dividend yield is 0.2%.

The average volume for Chicago Bridge & Iron Company has been 1.2 million shares per day over the past 30 days. Chicago Bridge & Iron Company has a market cap of $8.4 billion and is part of the materials & construction industry. Shares are up 69.3% 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.

Chicago Bridge & Iron Company N.V., an energy infrastructure focused company, provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide. The company has a P/E ratio of 23.64.

TheStreet Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income 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 Chicago Bridge & Iron Company 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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