5 Stocks Going Ex-Dividend Tomorrow: EVF, ISD, MTGE, CST, BEN

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 Senior Income

Owners of Eaton Vance Senior Income (NYSE: EVF) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $6.99 as of 9:35 a.m. ET, the dividend yield is 6.4%.

The average volume for Eaton Vance Senior Income has been 125,800 shares per day over the past 30 days. Eaton Vance Senior Income has a market cap of $263.5 million and is part of the financial services industry. Shares are down 7.7% 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.

The company has a P/E ratio of 9.94.

Prudential Short Duration High Yield Fund

Owners of Prudential Short Duration High Yield Fund (NYSE: ISD) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $18.03 as of 9:32 a.m. ET, the dividend yield is 8.2%.

The average volume for Prudential Short Duration High Yield Fund has been 145,100 shares per day over the past 30 days. Prudential Short Duration High Yield Fund has a market cap of $595.1 million and is part of the financial services industry. Shares are down 5.4% 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.

American Capital Mortgage Investment

Owners of American Capital Mortgage Investment (NASDAQ: MTGE) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $18.35 as of 9:35 a.m. ET, the dividend yield is 14.3%.

The average volume for American Capital Mortgage Investment has been 727,800 shares per day over the past 30 days. American Capital Mortgage Investment has a market cap of $963.3 million and is part of the real estate industry. Shares are down 22.7% 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.

American Capital Mortgage Investment Corp. operates as a real estate investment trust (REIT) in the United States.

TheStreet Ratings rates American Capital Mortgage Investment as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full American Capital Mortgage Investment Ratings Report now.

CST Brands

Owners of CST Brands (NYSE: CST) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $36.24 as of 9:34 a.m. ET, the dividend yield is 0.7%.

The average volume for CST Brands has been 949,000 shares per day over the past 30 days. CST Brands has a market cap of $2.7 billion and is part of the specialty retail 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.

Franklin Resources

Owners of Franklin Resources (NYSE: BEN) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $56.86 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Franklin Resources has been 2.2 million shares per day over the past 30 days. Franklin Resources has a market cap of $35.8 billion and is part of the financial services industry. Shares are up 35.4% 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.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The company has a P/E ratio of 16.83.

TheStreet Ratings rates Franklin Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and growth in earnings per share. 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 Franklin Resources 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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