Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: HNW, EFR, RSO, LECO, KSU

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:

Pioneer Diversified High Income

Owners of Pioneer Diversified High Income (AMEX: HNW) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $20.46 as of 9:30 a.m. ET, the dividend yield is 9.3%.

The average volume for Pioneer Diversified High Income has been 28,500 shares per day over the past 30 days. Pioneer Diversified High Income has a market cap of $170.5 million and is part of the financial services industry. Shares are up 2.4% 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.

Eaton Vance Senior Floating-Rate

Owners of Eaton Vance Senior Floating-Rate (NYSE: EFR) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $15.13 as of 9:35 a.m. ET, the dividend yield is 6.6%.

The average volume for Eaton Vance Senior Floating-Rate has been 110,000 shares per day over the past 30 days. Eaton Vance Senior Floating-Rate has a market cap of $556.8 million and is part of the financial services industry. Shares are down 5.3% 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 9.75.

Resource Capital Corporation

Owners of Resource Capital Corporation (NYSE: RSO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $6.12 as of 9:34 a.m. ET, the dividend yield is 13.1%.

The average volume for Resource Capital Corporation has been 922,500 shares per day over the past 30 days. Resource Capital Corporation has a market cap of $778.0 million and is part of the real estate industry. Shares are up 8.8% 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.

Resource Capital Corp., a specialty finance company, purchases and manages a diversified portfolio of commercial real estate-related assets and commercial finance assets in the United States. The company has a P/E ratio of 12.69.

TheStreet Ratings rates Resource Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Resource Capital Corporation Ratings Report now.

Lincoln Electric Holdings

Owners of Lincoln Electric Holdings (NASDAQ: LECO) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $72.08 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Lincoln Electric Holdings has been 333,200 shares per day over the past 30 days. Lincoln Electric Holdings has a market cap of $5.9 billion and is part of the industrial industry. Shares are up 48% 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.

Lincoln Electric Holdings, Inc., through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. The company has a P/E ratio of 22.44.

TheStreet Ratings rates Lincoln Electric Holdings as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. 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 Lincoln Electric Holdings Ratings Report now.

Kansas City Southern

Owners of Kansas City Southern (NYSE: KSU) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $123.56 as of 9:34 a.m. ET, the dividend yield is 0.7%.

The average volume for Kansas City Southern has been 677,600 shares per day over the past 30 days. Kansas City Southern has a market cap of $13.6 billion and is part of the transportation industry. Shares are up 47.5% 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.

Kansas City Southern, through its subsidiaries, engages in the freight rail transportation business. The company has a P/E ratio of 41.17.

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