Tomorrow's Ex-Dividends To Watch: MYJ, MCA, IIM, ARR, SPG

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:

BlackRock MuniYield New Jersey

Owners of BlackRock MuniYield New Jersey (NYSE: MYJ) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $14.40 as of 9:37 a.m. ET, the dividend yield is 6.2%.

The average volume for BlackRock MuniYield New Jersey has been 59,000 shares per day over the past 30 days. BlackRock MuniYield New Jersey has a market cap of $204.1 million and is part of the financial services industry. Shares are up 5% 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.

The company has a P/E ratio of 14.29.

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 $14.31 as of 9:33 a.m. ET, the dividend yield is 6.4%.

The average volume for BlackRock MuniYield California Quality Fund has been 106,200 shares per day over the past 30 days. BlackRock MuniYield California Quality Fund has a market cap of $489.1 million and is part of the financial services industry. Shares are up 4.6% 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.

The company has a P/E ratio of 14.81.

AIM Investment Funds

Owners of AIM Investment Funds (NYSE: IIM) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $14.28 as of 9:38 a.m. ET, the dividend yield is 6.3%.

The average volume for AIM Investment Funds has been 191,500 shares per day over the past 30 days. AIM Investment Funds has a market cap of $670.1 million and is part of the financial services industry. Shares are up 5.6% 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.

The company has a P/E ratio of 15.16.

ARMOUR Residential REIT

Owners of ARMOUR Residential REIT (NYSE: ARR) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $4.30 as of 9:40 a.m. ET, the dividend yield is 14.1%.

The average volume for ARMOUR Residential REIT has been 5.1 million shares per day over the past 30 days. ARMOUR Residential REIT has a market cap of $1.6 billion and is part of the real estate industry. Shares are up 6.7% 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.

ARMOUR Residential REIT, Inc. is a real estate investment trust launched and managed by ARMOUR Residential Management LLC. It invests in the real estate markets of the United States. The company has a P/E ratio of 2.49.

TheStreet Ratings rates ARMOUR Residential REIT as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full ARMOUR Residential REIT Ratings Report now.

Simon Property Group

At a price of $157.73 as of 9:40 a.m. ET, the dividend yield is 3.2%.

The average volume for Simon Property Group has been 1.4 million shares per day over the past 30 days. Simon Property Group has a market cap of $48.7 billion and is part of the real estate industry. Shares are up 4.1% 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.

Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, and management of properties. The company has a P/E ratio of 37.02.

TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Simon Property Group 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

If you liked this article you might like

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, MEN, IDT

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, MEN, IDT

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, DSM, BST

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, DSM, BST

3 Stocks Going Ex-Dividend Tomorrow: MYJ, MEN, NXJ

3 Stocks Going Ex-Dividend Tomorrow: MYJ, MEN, NXJ

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, BUI, GBAB

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, BUI, GBAB

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, NPT, DBL

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: MYJ, NPT, DBL