Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: MGU, PIM, NHF, ANH, GE

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. 19, 2013, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 9.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Macquarie Global Infrastructure Total Retur

Owners of Macquarie Global Infrastructure Total Retur (NYSE: MGU) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $21.36 as of 9:33 a.m. ET, the dividend yield is 6.5%.

The average volume for Macquarie Global Infrastructure Total Retur has been 32,000 shares per day over the past 30 days. Macquarie Global Infrastructure Total Retur has a market cap of $296.9 million and is part of the financial services industry. Shares are up 11.7% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Putnam Master Intermediate Income

Owners of Putnam Master Intermediate Income (NYSE: PIM) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.95 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for Putnam Master Intermediate Income has been 246,300 shares per day over the past 30 days. Putnam Master Intermediate Income has a market cap of $308.8 million and is part of the financial services industry. Shares are down 2.8% year-to-date as of the close of trading on Tuesday.

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 15.38.

NexPoint Credit Strategies Fund

Owners of NexPoint Credit Strategies Fund (NYSE: NHF) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $9.44 as of 9:35 a.m. ET, the dividend yield is 6.3%.

The average volume for NexPoint Credit Strategies Fund has been 254,300 shares per day over the past 30 days. NexPoint Credit Strategies Fund has a market cap of $605.6 million and is part of the financial services industry. Shares are unchanged year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Anworth Mortgage Asset Corporation

Owners of Anworth Mortgage Asset Corporation (NYSE: ANH) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $4.24 as of 9:35 a.m. ET, the dividend yield is 7.6%.

The average volume for Anworth Mortgage Asset Corporation has been 1.4 million shares per day over the past 30 days. Anworth Mortgage Asset Corporation has a market cap of $593.4 million and is part of the real estate industry. Shares are down 27.2% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Anworth Mortgage Asset Corporation operates as a real estate investment trust in the United States. The company primarily invests in the United States agency mortgage-backed securities, which are securities representing obligations guaranteed by the U.S. The company has a P/E ratio of 7.39.

TheStreet Ratings rates Anworth Mortgage Asset Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and generally disappointing historical performance in the stock itself. You can view the full Anworth Mortgage Asset Corporation Ratings Report now.

General Electric

Owners of General Electric (NYSE: GE) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $27.03 as of 9:35 a.m. ET, the dividend yield is 3.3%.

The average volume for General Electric has been 36.4 million shares per day over the past 30 days. General Electric has a market cap of $273.0 billion and is part of the industrial industry. Shares are up 28.5% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 19.41.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full General Electric 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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