Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: IDE, PPR, CLNY, PSEC, HUM

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:

ING Infrastructure Industrials and Material

Owners of ING Infrastructure Industrials and Material (NYSE: IDE) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $17.35 as of 9:32 a.m. ET, the dividend yield is 9.4%.

The average volume for ING Infrastructure Industrials and Material has been 55,500 shares per day over the past 30 days. ING Infrastructure Industrials and Material has a market cap of $342.0 million and is part of the financial services industry. Shares are up 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.

ING Prime Rate

Owners of ING Prime Rate (NYSE: PPR) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $5.84 as of 9:38 a.m. ET, the dividend yield is 6.5%.

The average volume for ING Prime Rate has been 475,600 shares per day over the past 30 days. ING Prime Rate has a market cap of $859.8 million and is part of the financial services industry. Shares are down 6.3% 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 10.21.

Colony Financial

Owners of Colony Financial (NYSE: CLNY) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $20.56 as of 9:39 a.m. ET, the dividend yield is 6.8%.

The average volume for Colony Financial has been 743,600 shares per day over the past 30 days. Colony Financial has a market cap of $1.6 billion and is part of the real estate 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.

Colony Financial, Inc. operates as a real estate investment and finance company in the United States. The company has a P/E ratio of 17.83.

TheStreet Ratings rates Colony Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income 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 Colony Financial Ratings Report now.

Prospect Capital Corporation

Owners of Prospect Capital Corporation (NASDAQ: PSEC) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $11.36 as of 9:40 a.m. ET, the dividend yield is 11.7%.

The average volume for Prospect Capital Corporation has been 3.0 million shares per day over the past 30 days. Prospect Capital Corporation has a market cap of $3.2 billion and is part of the financial services industry. Shares are up 4.6% 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.

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, cash flow term loans, and bridge transactions. The company has a P/E ratio of 10.43.

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

Humana

Owners of Humana (NYSE: HUM) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $103.25 as of 9:40 a.m. ET, the dividend yield is 1.1%.

The average volume for Humana has been 1.2 million shares per day over the past 30 days. Humana has a market cap of $16.1 billion and is part of the health services industry. Shares are up 50.5% 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.

Humana Inc., a health care company, offers a range of insurance products, and health and wellness services that incorporate an integrated approach to lifelong well-being. The company operates in three segments: Retail, Employer Group, and Healthcare Services. The company has a P/E ratio of 11.35.

TheStreet Ratings rates Humana as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Humana 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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