Dividend Watch: 4 Stocks Going Ex-Dividend Thursday: PSF, LDP, NRZ, CBL

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.

Thursday, Dec. 26, 2013, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 55.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

Cohen & Steers Select Preferred and Income

Owners of Cohen & Steers Select Preferred and Income (NYSE: PSF) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $24.44 as of 9:30 a.m. ET, the dividend yield is 8.6%.

The average volume for Cohen & Steers Select Preferred and Income has been 53,100 shares per day over the past 30 days. Cohen & Steers Select Preferred and Income has a market cap of $289.6 million and is part of the financial services industry. Shares are down 9.9% 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.

Cohen & Steers Limited Duration Preferred a

Owners of Cohen & Steers Limited Duration Preferred a (NYSE: LDP) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $22.45 as of 9:30 a.m. ET, the dividend yield is 8.4%.

The average volume for Cohen & Steers Limited Duration Preferred a has been 118,400 shares per day over the past 30 days. Cohen & Steers Limited Duration Preferred a has a market cap of $589.1 million and is part of the financial services industry. Shares are down 10.7% 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.

New Residential Investment

Owners of New Residential Investment (NYSE: NRZ) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $6.96 as of 9:35 a.m. ET, the dividend yield is 10.1%.

The average volume for New Residential Investment has been 2.2 million shares per day over the past 30 days. New Residential Investment has a market cap of $1.8 billion and is part of the real estate 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.

CBL & Associates Properties

Owners of CBL & Associates Properties (NYSE: CBL) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $18.22 as of 9:35 a.m. ET, the dividend yield is 5.4%.

The average volume for CBL & Associates Properties has been 1.4 million shares per day over the past 30 days. CBL & Associates Properties has a market cap of $3.1 billion and is part of the real estate industry. Shares are down 14.8% 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.

CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. The company has a P/E ratio of 34.09.

TheStreet Ratings rates CBL & Associates Properties as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full CBL & Associates Properties 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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