Tomorrow's Ex-Dividends To Watch: PZC, LEO, HTD, MKTX, ETR

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 California Municipal Income Fund III

Owners of PIMCO California Municipal Income Fund III (NYSE: PZC) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $9.99 as of 9:30 a.m. ET, the dividend yield is 7.3%.

The average volume for PIMCO California Municipal Income Fund III has been 71,600 shares per day over the past 30 days. PIMCO California Municipal Income Fund III has a market cap of $217.2 million and is part of the financial services industry. Shares are up 8.2% year-to-date as of the close of trading on Friday.

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The company has a P/E ratio of 8.88.

Dreyfus Strategic Municipals

Owners of Dreyfus Strategic Municipals (NYSE: LEO) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.05 as of 9:32 a.m. ET, the dividend yield is 7.4%.

The average volume for Dreyfus Strategic Municipals has been 187,600 shares per day over the past 30 days. Dreyfus Strategic Municipals has a market cap of $493.6 million and is part of the financial services industry. Shares are up 5.9% 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 12.09.

John Hancock Tax-Advantaged Dividend Income

Owners of John Hancock Tax-Advantaged Dividend Income (NYSE: HTD) shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $18.60 as of 4:03 p.m. ET, the dividend yield is 7.2%.

The average volume for John Hancock Tax-Advantaged Dividend Income has been 113,700 shares per day over the past 30 days. John Hancock Tax-Advantaged Dividend Income has a market cap of $692.3 million and is part of the financial services industry. Shares are up 1.3% 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 12.90.

MarketAxess Holdings

Owners of MarketAxess Holdings (NASDAQ: MKTX) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $61.06 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for MarketAxess Holdings has been 189,900 shares per day over the past 30 days. MarketAxess Holdings has a market cap of $2.3 billion and is part of the financial services industry. Shares are down 8.6% 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.

MarketAxess Holdings Inc., through its subsidiaries, operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The company has a P/E ratio of 33.78.

TheStreet Ratings rates MarketAxess Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and increase in net income. 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 MarketAxess Holdings Ratings Report now.

Entergy

Owners of Entergy (NYSE: ETR) shares as of market close today will be eligible for a dividend of 83 cents per share. At a price of $63.10 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for Entergy has been 1.6 million shares per day over the past 30 days. Entergy has a market cap of $11.4 billion and is part of the utilities industry. Shares are up 0.5% 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.

Entergy Corporation, together with its subsidiaries, engages in the electric power production and retail electric distribution operations in the United States. The company generates electricity through various sources, such as gas/oil, nuclear, coal, and hydro power. The company has a P/E ratio of 13.23.

TheStreet Ratings rates Entergy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Entergy 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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