Dividend Watch: 4 Stocks Going Ex-Dividend Tomorrow: PMX, HPI, PTY, JBHT

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, Feb. 11, 2014, 42 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 12%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

PIMCO Municipal Income Fund III

Owners of PIMCO Municipal Income Fund III (NYSE: PMX) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.68 as of 9:39 a.m. ET, the dividend yield is 7.9%.

The average volume for PIMCO Municipal Income Fund III has been 109,100 shares per day over the past 30 days. PIMCO Municipal Income Fund III has a market cap of $346.0 million and is part of the financial services industry. Shares are up 6.7% year-to-date as of the close of trading on Friday.

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 9.42.

John Hancock Preferred Income Fund

Owners of John Hancock Preferred Income Fund (NYSE: HPI) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $18.90 as of 9:39 a.m. ET, the dividend yield is 9%.

The average volume for John Hancock Preferred Income Fund has been 109,400 shares per day over the past 30 days. John Hancock Preferred Income Fund has a market cap of $485.2 million and is part of the financial services industry. Shares are up 5.6% year-to-date as of the close of trading on Friday.

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 8.34.

PIMCO Corporate and Income Opportunity Fund

Owners of PIMCO Corporate and Income Opportunity Fund (NYSE: PTY) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $18.75 as of 9:37 a.m. ET, the dividend yield is 8.4%.

The average volume for PIMCO Corporate and Income Opportunity Fund has been 332,100 shares per day over the past 30 days. PIMCO Corporate and Income Opportunity Fund has a market cap of $1.3 billion and is part of the financial services industry. Shares are up 7.9% year-to-date as of the close of trading on Friday.

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 11.93.

J.B. Hunt Transport Services

Owners of J.B. Hunt Transport Services (NASDAQ: JBHT) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $73.21 as of 9:40 a.m. ET, the dividend yield is 1.1%.

The average volume for J.B. Hunt Transport Services has been 681,600 shares per day over the past 30 days. J.B. Hunt Transport Services has a market cap of $8.7 billion and is part of the transportation industry. Shares are down 4.4% year-to-date as of the close of trading on Friday.

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

J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides transportation and delivery services in the continental United States, Canada, and Mexico. The company has a P/E ratio of 25.83.

TheStreet Ratings rates J.B. Hunt Transport Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full J.B. Hunt Transport Services 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.

null

More from Markets

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War