Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: EFF, CHY, FR, CCJ, HST

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:

Eaton Vance Floating-Rate Income Plus Fund

Owners of Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $18.19 as of 9:39 a.m. ET, the dividend yield is 6.6%.

The average volume for Eaton Vance Floating-Rate Income Plus Fund has been 40,600 shares per day over the past 30 days. Eaton Vance Floating-Rate Income Plus Fund has a market cap of $122.7 million and is part of the financial services 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.

Calamos Convertible & High Income Fund

Owners of Calamos Convertible & High Income Fund (NASDAQ: CHY) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.26 as of 9:36 a.m. ET, the dividend yield is 7.7%.

The average volume for Calamos Convertible & High Income Fund has been 178,200 shares per day over the past 30 days. Calamos Convertible & High Income Fund has a market cap of $956.0 million and is part of the financial services industry. Shares are up 9.1% 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 8.89.

First Industrial Realty

Owners of First Industrial Realty (NYSE: FR) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $17.65 as of 9:40 a.m. ET, the dividend yield is 1.9%.

The average volume for First Industrial Realty has been 676,800 shares per day over the past 30 days. First Industrial Realty has a market cap of $1.9 billion and is part of the real estate industry. Shares are up 23.8% 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.

First Industrial Realty Trust Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial properties. The firm owns, manages, acquires, sells, develops, and redevelops industrial real estate.

TheStreet Ratings rates First Industrial Realty as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full First Industrial Realty Ratings Report now.

Cameco

Owners of Cameco (NYSE: CCJ) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $20.86 as of 9:40 a.m. ET, the dividend yield is 1.8%.

The average volume for Cameco has been 1.5 million shares per day over the past 30 days. Cameco has a market cap of $8.2 billion and is part of the metals & mining industry. Shares are up 5.6% 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.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The company has a P/E ratio of 27.76.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Cameco Ratings Report now.

Host Hotels & Resorts

Owners of Host Hotels & Resorts (NYSE: HST) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $19.55 as of 9:40 a.m. ET, the dividend yield is 2.7%.

The average volume for Host Hotels & Resorts has been 5.8 million shares per day over the past 30 days. Host Hotels & Resorts has a market cap of $14.7 billion and is part of the real estate industry. Shares are up 23.9% 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.

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. The company has a P/E ratio of 84.43.

TheStreet Ratings rates Host Hotels & Resorts as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Host Hotels & Resorts 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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