5 With Upcoming Ex-Dividend Dates: BKT, HYT, EPR, SRC, ITW

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 Income

Owners of BlackRock Income (NYSE: BKT) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $6.48 as of 9:40 a.m. ET, the dividend yield is 6.8%.

The average volume for BlackRock Income has been 169,400 shares per day over the past 30 days. BlackRock Income has a market cap of $416.3 million and is part of the financial services industry. Shares are down 11.4% 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.

The company has a P/E ratio of 14.80.

BlackRock Corporate High Yield VI

Owners of BlackRock Corporate High Yield VI (NYSE: HYT) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $12.41 as of 9:40 a.m. ET, the dividend yield is 8.2%.

The average volume for BlackRock Corporate High Yield VI has been 292,000 shares per day over the past 30 days. BlackRock Corporate High Yield VI has a market cap of $1.5 billion and is part of the financial services industry. Shares are down 1.2% 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.

The company has a P/E ratio of 10.55.

EPR Properties

Owners of EPR Properties (NYSE: EPR) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $50.34 as of 9:37 a.m. ET, the dividend yield is 6.3%.

The average volume for EPR Properties has been 353,300 shares per day over the past 30 days. EPR Properties has a market cap of $2.6 billion and is part of the real estate industry. Shares are up 8.7% 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.

EPR Properties, a real estate investment trust (REIT), develops, owns, leases, and finances entertainment and related properties in the United States and Canada. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. The company has a P/E ratio of 20.89.

TheStreet Ratings rates EPR Properties as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EPR Properties Ratings Report now.

Spirit Realty Capital

Owners of Spirit Realty Capital (NYSE: SRC) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $9.93 as of 9:40 a.m. ET, the dividend yield is 6.7%.

The average volume for Spirit Realty Capital has been 4.4 million shares per day over the past 30 days. Spirit Realty Capital has a market cap of $3.7 billion and is part of the real estate 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.

Illinois Tool Works

Owners of Illinois Tool Works (NYSE: ITW) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $83.57 as of 9:40 a.m. ET, the dividend yield is 2%.

The average volume for Illinois Tool Works has been 1.8 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $37.0 billion and is part of the industrial industry. Shares are up 37% 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.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. The company has a P/E ratio of 15.97.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Illinois Tool Works 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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