Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Thursday: PCK, PKO, SIR, GOV, HPT

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.

Thursday, Jan. 9, 2014, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 2.1% to 12.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

PIMCO California Municipal Income Fund II

Owners of PIMCO California Municipal Income Fund II (NYSE: PCK) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $9.24 as of 3:59 p.m. ET, the dividend yield is 8.2%.

The average volume for PIMCO California Municipal Income Fund II has been 79,500 shares per day over the past 30 days. PIMCO California Municipal Income Fund II has a market cap of $288.6 million and is part of the financial services industry. Shares are up 2.4% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 8.69.

PIMCO Income Opportunity Fund

Owners of PIMCO Income Opportunity Fund (NYSE: PKO) shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $28.50 as of 9:33 a.m. ET, the dividend yield is 8.1%.

The average volume for PIMCO Income Opportunity Fund has been 58,200 shares per day over the past 30 days. PIMCO Income Opportunity Fund has a market cap of $420.6 million and is part of the financial services industry. Shares are up 0.7% 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.

Select Income REIT

Owners of Select Income REIT (NYSE: SIR) shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $27.33 as of 9:30 a.m. ET, the dividend yield is 6.8%.

The average volume for Select Income REIT has been 178,700 shares per day over the past 30 days. Select Income REIT has a market cap of $1.4 billion and is part of the real estate industry. Shares are up 1.6% 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.

Select Income REIT is a real estate investment trust managed by Reit Management & Research LLC. The firm invests in the real estate markets of United States with a focus on Hawaii. The fund seeks to invest in office and industrial properties. Select Income REIT is domiciled in United States. The company has a P/E ratio of 12.84.

TheStreet Ratings rates Select Income REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Select Income REIT Ratings Report now.

Government Properties Income

Owners of Government Properties Income (NYSE: GOV) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $25.06 as of 9:35 a.m. ET, the dividend yield is 6.8%.

The average volume for Government Properties Income has been 375,700 shares per day over the past 30 days. Government Properties Income has a market cap of $1.4 billion and is part of the real estate industry. Shares are up 2% 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.

Government Properties Income Trust operates as a real estate investment trust (REIT) in the United States. It primarily owns and leases office buildings that are leased mainly to government tenants. The company has a P/E ratio of 23.79.

TheStreet Ratings rates Government Properties Income as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, 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 sub par growth in net income. You can view the full Government Properties Income Ratings Report now.

Hospitality Properties

Owners of Hospitality Properties (NYSE: HPT) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $27.18 as of 9:35 a.m. ET, the dividend yield is 7.1%.

The average volume for Hospitality Properties has been 1.1 million shares per day over the past 30 days. Hospitality Properties has a market cap of $4.1 billion and is part of the real estate industry. Shares are up 1.8% 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.

Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company has a P/E ratio of 39.38.

TheStreet Ratings rates Hospitality Properties as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. 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 Hospitality Properties 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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