5 Stocks Going Ex-Dividend Monday: NPY, MVT, MCA, IQI, BPT

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.

Monday, Jan. 13, 2014, 141 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 39%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Nuveen Pennsylvania Premium Income Municipa

Owners of Nuveen Pennsylvania Premium Income Municipa (NYSE: NPY) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.27 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for Nuveen Pennsylvania Premium Income Municipa has been 43,500 shares per day over the past 30 days. Nuveen Pennsylvania Premium Income Municipa has a market cap of $189.3 million and is part of the financial services industry. Shares are up 2.5% year-to-date as of the close of trading on Thursday.

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The company has a P/E ratio of 13.64.

BlackRock MuniVest Fund II

Owners of BlackRock MuniVest Fund II (NYSE: MVT) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $14.44 as of 9:30 a.m. ET, the dividend yield is 7.4%.

The average volume for BlackRock MuniVest Fund II has been 58,700 shares per day over the past 30 days. BlackRock MuniVest Fund II has a market cap of $301.0 million and is part of the financial services industry. Shares are up 3.6% year-to-date as of the close of trading on Thursday.

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The company has a P/E ratio of 12.38.

BlackRock MuniYield California Quality Fund

Owners of BlackRock MuniYield California Quality Fund (NYSE: MCA) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $13.88 as of 9:31 a.m. ET, the dividend yield is 6.6%.

The average volume for BlackRock MuniYield California Quality Fund has been 108,400 shares per day over the past 30 days. BlackRock MuniYield California Quality Fund has a market cap of $477.1 million and is part of the financial services industry. Shares are up 1.5% year-to-date as of the close of trading on Thursday.

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 14.45.

Invesco Quality Municipal Income

Owners of Invesco Quality Municipal Income (NYSE: IQI) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $11.37 as of 9:34 a.m. ET, the dividend yield is 6.9%.

The average volume for Invesco Quality Municipal Income has been 198,400 shares per day over the past 30 days. Invesco Quality Municipal Income has a market cap of $600.2 million and is part of the financial services industry. Shares are up 2% year-to-date as of the close of trading on Thursday.

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 11.35.

BP Prudhoe Bay Royalty

At a price of $80.49 as of 9:35 a.m. ET, the dividend yield is 12.4%.

The average volume for BP Prudhoe Bay Royalty has been 114,300 shares per day over the past 30 days. BP Prudhoe Bay Royalty has a market cap of $1.7 billion and is part of the energy industry. Shares are up 1% year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The company has a P/E ratio of 30.66.

TheStreet Ratings rates BP Prudhoe Bay Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and deteriorating net income. You can view the full BP Prudhoe Bay Royalty 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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