Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Friday: GNI, BLW, CSG, NFG, PCG

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.

Friday, 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 Friday:

Great Northern Iron Ore

At a price of $73.25 as of 12:59 p.m. ET, the dividend yield is 14.5%.

The average volume for Great Northern Iron Ore has been 10,900 shares per day over the past 30 days. Great Northern Iron Ore has a market cap of $109.8 million and is part of the metals & mining industry. Shares are up 8.9% year-to-date as of the close of trading on Monday.

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Great Northern Iron Ore Properties, a conventional nonvoting trust, owns and leases mineral and non-mineral properties on the Mesabi Iron Range in northeastern Minnesota. The company has a P/E ratio of 7.48.

TheStreet Ratings rates Great Northern Iron Ore as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and weak operating cash flow. You can view the full Great Northern Iron Ore Ratings Report now.

BlackRock Limited Duration Income

Owners of BlackRock Limited Duration Income (NYSE: BLW) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.19 as of 9:35 a.m. ET, the dividend yield is 7.3%.

The average volume for BlackRock Limited Duration Income has been 143,200 shares per day over the past 30 days. BlackRock Limited Duration Income has a market cap of $636.1 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.

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The company has a P/E ratio of 11.77.

Chambers Street Properties

Owners of Chambers Street Properties (NYSE: CSG) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $7.85 as of 9:35 a.m. ET, the dividend yield is 6.4%.

The average volume for Chambers Street Properties has been 1.6 million shares per day over the past 30 days. Chambers Street Properties has a market cap of $1.9 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.

National Fuel Gas Company

Owners of National Fuel Gas Company (NYSE: NFG) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $72.06 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for National Fuel Gas Company has been 451,700 shares per day over the past 30 days. National Fuel Gas Company has a market cap of $6.0 billion and is part of the energy industry. Shares are up 41.5% 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.

National Fuel Gas Company operates as a diversified energy company in the United States. The company has a P/E ratio of 23.29.

TheStreet Ratings rates National Fuel Gas Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full National Fuel Gas Company Ratings Report now.

PG&E

Owners of PG&E (NYSE: PCG) shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $41.09 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for PG&E has been 2.8 million shares per day over the past 30 days. PG&E has a market cap of $18.4 billion and is part of the utilities 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.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company (Utility), transmits, delivers, and sells electricity and natural gas to customers primarily in northern and central California. The Utility provides services to approximately 15 million people. The company has a P/E ratio of 25.48.

TheStreet Ratings rates PG&E as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full PG&E 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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