Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: HRZN, BGT, NPT, GGN, SE

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. 12, 2014, 196 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 23.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Horizon Technology Finance

Owners of Horizon Technology Finance (NASDAQ: HRZN) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $14.46 as of 9:31 a.m. ET, the dividend yield is 9.6%.

The average volume for Horizon Technology Finance has been 47,000 shares per day over the past 30 days. Horizon Technology Finance has a market cap of $137.7 million and is part of the financial services industry. Shares are up 1% year-to-date as of the close of trading on Monday.

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Horizon Technology Finance Corporation, a specialty finance company, lends to and invests in development-stage companies in the United States. The company has a P/E ratio of 11.76.

TheStreet Ratings rates Horizon Technology Finance as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Horizon Technology Finance Ratings Report now.

BlackRock Floating Rate Income Trust Fund

Owners of BlackRock Floating Rate Income Trust Fund (NYSE: BGT) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $14.06 as of 9:38 a.m. ET, the dividend yield is 6.2%.

The average volume for BlackRock Floating Rate Income Trust Fund has been 88,000 shares per day over the past 30 days. BlackRock Floating Rate Income Trust Fund has a market cap of $332.7 million and is part of the financial services industry. Shares are up 0.9% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 8.57.

Nuveen Premium Income Municipal Fund 4

Owners of Nuveen Premium Income Municipal Fund 4 (NYSE: NPT) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.56 as of 9:37 a.m. ET, the dividend yield is 6.5%.

The average volume for Nuveen Premium Income Municipal Fund 4 has been 173,500 shares per day over the past 30 days. Nuveen Premium Income Municipal Fund 4 has a market cap of $540.0 million and is part of the financial services industry. Shares are up 3.1% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 13.69.

GAMCO Global Gold NT by G

Owners of GAMCO Global Gold NT by G (AMEX: GGN) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $9.93 as of 9:40 a.m. ET, the dividend yield is 11.1%.

The average volume for GAMCO Global Gold NT by G has been 743,000 shares per day over the past 30 days. GAMCO Global Gold NT by G has a market cap of $1.0 billion and is part of the financial services industry. Shares are up 8% year-to-date as of the close of trading on Monday.

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

Spectra Energy

Owners of Spectra Energy (NYSE: SE) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $37.02 as of 9:40 a.m. ET, the dividend yield is 3.6%.

The average volume for Spectra Energy has been 3.0 million shares per day over the past 30 days. Spectra Energy has a market cap of $24.7 billion and is part of the energy industry. Shares are up 3.9% year-to-date as of the close of trading on Monday.

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

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. The company has a P/E ratio of 22.43.

TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Spectra Energy 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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