5 Stocks Going Ex-Dividend Tomorrow: FTF, BIT, PWE, FMC, DE

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:

Franklin Templeton Ltd Duration Inc Tr

Owners of Franklin Templeton Ltd Duration Inc Tr (AMEX: FTF) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $13.10 as of 9:34 a.m. ET, the dividend yield is 6.7%.

The average volume for Franklin Templeton Ltd Duration Inc Tr has been 89,200 shares per day over the past 30 days. Franklin Templeton Ltd Duration Inc Tr has a market cap of $350.7 million and is part of the financial services industry. Shares are down 9.1% year-to-date as of the close of trading on Tuesday.

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The company has a P/E ratio of 11.88.

BlackRock Multi-Sector Income

Owners of BlackRock Multi-Sector Income (NYSE: BIT) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $17.21 as of 9:34 a.m. ET, the dividend yield is 8.1%.

The average volume for BlackRock Multi-Sector Income has been 221,600 shares per day over the past 30 days. BlackRock Multi-Sector Income has a market cap of $619.9 million and is part of the financial services industry. Shares are unchanged year-to-date as of the close of trading on Tuesday.

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Penn West Petroleum

Owners of Penn West Petroleum (NYSE: PWE) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $8.64 as of 9:34 a.m. ET, the dividend yield is 6.2%.

The average volume for Penn West Petroleum has been 2.5 million shares per day over the past 30 days. Penn West Petroleum has a market cap of $4.2 billion and is part of the energy industry. Shares are down 20.7% year-to-date as of the close of trading on Tuesday.

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Penn West Petroleum Ltd., an exploration and production company, engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in western Canada.

TheStreet Ratings rates Penn West Petroleum as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Penn West Petroleum Ratings Report now.

FMC Corporation

Owners of FMC Corporation (NYSE: FMC) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $74.66 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for FMC Corporation has been 713,500 shares per day over the past 30 days. FMC Corporation has a market cap of $9.9 billion and is part of the chemicals industry. Shares are up 27.2% year-to-date as of the close of trading on Tuesday.

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FMC Corporation, a diversified chemical company, provides solutions and products for agricultural, consumer, and industrial markets. It operates in three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. The company has a P/E ratio of 23.56.

TheStreet Ratings rates FMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full FMC Corporation Ratings Report now.

Deere

Owners of Deere (NYSE: DE) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $91.39 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for Deere has been 3.3 million shares per day over the past 30 days. Deere has a market cap of $33.8 billion and is part of the industrial industry. Shares are up 5.1% 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.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. The company has a P/E ratio of 10.00.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Deere 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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