5 Stocks Going Ex-Dividend Tomorrow: JSD, AWF, DFT, VMI, CME

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 Short Duration Credit Opportunity Fu

Owners of Nuveen Short Duration Credit Opportunity Fu (NYSE: JSD) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $18.61 as of 9:33 a.m. ET, the dividend yield is 7.4%.

The average volume for Nuveen Short Duration Credit Opportunity Fu has been 42,100 shares per day over the past 30 days. Nuveen Short Duration Credit Opportunity Fu has a market cap of $186.3 million and is part of the financial services industry. Shares are down 7.2% 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.

AllianceBernstein Global High Income Fund I

Owners of AllianceBernstein Global High Income Fund I (NYSE: AWF) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $14.92 as of 9:35 a.m. ET, the dividend yield is 8.2%.

The average volume for AllianceBernstein Global High Income Fund I has been 190,300 shares per day over the past 30 days. AllianceBernstein Global High Income Fund I has a market cap of $1.3 billion and is part of the financial services industry. Shares are down 4.8% 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.

Dupont Fabros Technology

Owners of Dupont Fabros Technology (NYSE: DFT) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $24.40 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for Dupont Fabros Technology has been 820,100 shares per day over the past 30 days. Dupont Fabros Technology has a market cap of $1.5 billion and is part of the real estate industry. Shares are up 0.9% 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.

DuPont Fabros Technology, Inc., a real estate investment trust (REIT), engages in the ownership, acquisition, development, operation, management, and lease of large-scale data center facilities in the United States. The company has a P/E ratio of 91.27.

TheStreet Ratings rates Dupont Fabros Technology 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 disappointing return on equity. You can view the full Dupont Fabros Technology Ratings Report now.

Valmont Industries

Owners of Valmont Industries (NYSE: VMI) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $145.50 as of 9:34 a.m. ET, the dividend yield is 0.7%.

The average volume for Valmont Industries has been 301,700 shares per day over the past 30 days. Valmont Industries has a market cap of $3.9 billion and is part of the industrial industry. Shares are up 6.3% 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.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. The company has a P/E ratio of 13.48.

TheStreet Ratings rates Valmont Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Valmont Industries Ratings Report now.

CME Group

At a price of $84.12 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for CME Group has been 1.6 million shares per day over the past 30 days. CME Group has a market cap of $28.1 billion and is part of the financial services industry. Shares are up 65.4% 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.

CME Group Inc. operates the CME, CBOT, NYMEX COMEX, and KCBT futures exchanges worldwide. It operates CBOT exchange, a marketplace for trading agricultural and the U.S. The company has a P/E ratio of 29.36.

TheStreet Ratings rates CME Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full CME 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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