Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: IGA, EFT, CMO, LII, COLE

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 Global Advantage and Premium Opportunit

Owners of ING Global Advantage and Premium Opportunit (NYSE: IGA) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $12.05 as of 9:35 a.m. ET, the dividend yield is 9.3%.

The average volume for ING Global Advantage and Premium Opportunit has been 68,000 shares per day over the past 30 days. ING Global Advantage and Premium Opportunit has a market cap of $220.4 million and is part of the financial services industry. Shares are up 5.8% 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.

Eaton Vance Floating-Rate Income

Owners of Eaton Vance Floating-Rate Income (NYSE: EFT) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $15.41 as of 9:35 a.m. ET, the dividend yield is 6.3%.

The average volume for Eaton Vance Floating-Rate Income has been 163,100 shares per day over the past 30 days. Eaton Vance Floating-Rate Income has a market cap of $609.4 million and is part of the financial services industry. Shares are down 9.9% 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.

Capstead Mortgage Corporation

Owners of Capstead Mortgage Corporation (NYSE: CMO) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $12.52 as of 9:35 a.m. ET, the dividend yield is 10%.

The average volume for Capstead Mortgage Corporation has been 1.0 million shares per day over the past 30 days. Capstead Mortgage Corporation has a market cap of $1.2 billion and is part of the real estate industry. Shares are up 8.4% 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.

Capstead Mortgage Corporation operates as a real estate investment trust in the United States. The company has a P/E ratio of 14.12.

TheStreet Ratings rates Capstead Mortgage Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Capstead Mortgage Corporation Ratings Report now.

Lennox International

Owners of Lennox International (NYSE: LII) shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $84.77 as of 9:31 a.m. ET, the dividend yield is 1.1%.

The average volume for Lennox International has been 383,000 shares per day over the past 30 days. Lennox International has a market cap of $4.2 billion and is part of the industrial industry. Shares are up 62% 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.

Lennox International Inc., through its subsidiaries, designs, manufactures, and markets climate control products for the heating, ventilation, air conditioning, and refrigeration markets. The company has a P/E ratio of 25.11.

TheStreet Ratings rates Lennox International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lennox International Ratings Report now.

Cole Real Estate Investments

Owners of Cole Real Estate Investments (NYSE: COLE) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $13.94 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for Cole Real Estate Investments has been 9.1 million shares per day over the past 30 days. Cole Real Estate Investments has a market cap of $6.6 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.

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.

null

More from Markets

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs

U.S. Crude Oil Hits Fresh 3-Year Highs as Gasoline Heads to $3 a Gallon

U.S. Crude Oil Hits Fresh 3-Year Highs as Gasoline Heads to $3 a Gallon