Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: BGT, DNP, TRP, WIN, FITB

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. 27, 2013, 134 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 14.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

BlackRock Floating Rate Income Trust Fund

Owners of BlackRock Floating Rate Income Trust Fund (NYSE: BGT) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $14.11 as of 9:35 a.m. ET, the dividend yield is 6.2%.

The average volume for BlackRock Floating Rate Income Trust Fund has been 80,200 shares per day over the past 30 days. BlackRock Floating Rate Income Trust Fund has a market cap of $332.8 million and is part of the financial services industry. Shares are down 6.5% 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.

The company has a P/E ratio of 8.58.

DNP Select Income Fund

Owners of DNP Select Income Fund (NYSE: DNP) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $9.66 as of 9:33 a.m. ET, the dividend yield is 8.1%.

The average volume for DNP Select Income Fund has been 380,000 shares per day over the past 30 days. DNP Select Income Fund has a market cap of $2.6 billion and is part of the financial services industry. Shares are up 2.1% 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 20.57.

TransCanada

Owners of TransCanada (NYSE: TRP) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $45.87 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for TransCanada has been 449,000 shares per day over the past 30 days. TransCanada has a market cap of $32.3 billion and is part of the utilities industry. Shares are down 3.4% 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.

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The company has a P/E ratio of 24.07.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full TransCanada Ratings Report now.

Windstream Holdings

Owners of Windstream Holdings (NASDAQ: WIN) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $8.33 as of 9:35 a.m. ET, the dividend yield is 11.9%.

The average volume for Windstream Holdings has been 6.2 million shares per day over the past 30 days. Windstream Holdings has a market cap of $5.0 billion and is part of the telecommunications industry. Shares are up 1.1% 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.

Windstream Holdings, Inc. provides communications and technology solutions in the United States. The company offers managed services and cloud computing services to businesses, as well as broadband, voice, and video services to consumers primarily in rural markets. The company has a P/E ratio of 39.86.

TheStreet Ratings rates Windstream Holdings 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk. You can view the full Windstream Holdings Ratings Report now.

Fifth Third Bancorp

Owners of Fifth Third Bancorp (NASDAQ: FITB) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $21.08 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Fifth Third Bancorp has been 7.4 million shares per day over the past 30 days. Fifth Third Bancorp has a market cap of $18.5 billion and is part of the banking industry. Shares are up 38% 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.

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The company has a P/E ratio of 10.44.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fifth Third Bancorp 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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