Tomorrow's Ex-Dividends To Watch: JCE, NFJ, IVR, IRM, KRFT

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. 24, 2013, 40 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 13.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Nuveen Core Equity Alpha Fund

Owners of Nuveen Core Equity Alpha Fund (NYSE: JCE) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $16.97 as of 9:34 a.m. ET, the dividend yield is 6.8%.

The average volume for Nuveen Core Equity Alpha Fund has been 50,100 shares per day over the past 30 days. Nuveen Core Equity Alpha Fund has a market cap of $264.8 million and is part of the financial services industry. Shares are up 23.8% year-to-date as of the close of trading on Friday.

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

AllianzGI NFJ Dividend Interest & Premium S

Owners of AllianzGI NFJ Dividend Interest & Premium S (NYSE: NFJ) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $18.69 as of 9:35 a.m. ET, the dividend yield is 9.8%.

The average volume for AllianzGI NFJ Dividend Interest & Premium S has been 240,800 shares per day over the past 30 days. AllianzGI NFJ Dividend Interest & Premium S has a market cap of $1.7 billion and is part of the financial services industry. Shares are up 19.1% year-to-date as of the close of trading on Friday.

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 26.33.

Invesco Mortgage Capital

Owners of Invesco Mortgage Capital (NYSE: IVR) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $15.26 as of 9:35 a.m. ET, the dividend yield is 13.3%.

The average volume for Invesco Mortgage Capital has been 1.5 million shares per day over the past 30 days. Invesco Mortgage Capital has a market cap of $2.0 billion and is part of the real estate industry. Shares are down 23.9% year-to-date as of the close of trading on Friday.

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

Invesco Mortgage Capital Inc., a real estate investment trust (REIT), focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. It invests in residential mortgage-backed securities for which a U.S. The company has a P/E ratio of 6.43.

TheStreet Ratings rates Invesco Mortgage Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Invesco Mortgage Capital Ratings Report now.

Iron Mountain

Owners of Iron Mountain (NYSE: IRM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $29.85 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for Iron Mountain has been 1.7 million shares per day over the past 30 days. Iron Mountain has a market cap of $5.6 billion and is part of the computer software & services industry. Shares are down 4% year-to-date as of the close of trading on Friday.

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

Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 153.84.

TheStreet Ratings rates Iron Mountain as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk. You can view the full Iron Mountain Ratings Report now.

Kraft Foods Group

Owners of Kraft Foods Group (NASDAQ: KRFT) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $53.86 as of 9:35 a.m. ET, the dividend yield is 4%.

The average volume for Kraft Foods Group has been 3.0 million shares per day over the past 30 days. Kraft Foods Group has a market cap of $31.7 billion and is part of the food & beverage industry. Shares are up 17% year-to-date as of the close of trading on Friday.

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

Kraft Foods Group, Inc. operates as a consumer packaged food and beverage company in North America. The company has a P/E ratio of 17.21.

TheStreet Ratings rates Kraft Foods Group as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full Kraft Foods 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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