Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: NICE, JACK, AIZ

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, Thursday, May 22, 2014, 4:00 AM ET, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

NICE-Systems

Owners of NICE-Systems (NASDAQ: NICE) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $38.43 as of 9:41 a.m. ET, the dividend yield is 1.4%.

The average volume for NICE-Systems has been 229,000 shares per day over the past 30 days. NICE-Systems has a market cap of $2.3 billion and is part of the computer software & services industry. Shares are down 6.6% year-to-date as of the close of trading on Tuesday.

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NICE Systems Ltd. provides software solutions that enable organizations to take action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. The company has a P/E ratio of 43.16.

TheStreet Ratings rates NICE-Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins 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 NICE-Systems Ratings Report now.

Jack In The Box

Owners of Jack In The Box (NASDAQ: JACK) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $56.73 as of 9:41 a.m. ET, the dividend yield is 1.4%.

The average volume for Jack In The Box has been 446,900 shares per day over the past 30 days. Jack In The Box has a market cap of $2.3 billion and is part of the leisure industry. Shares are up 12.3% year-to-date as of the close of trading on Tuesday.

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

Jack in the Box Inc., a restaurant company, operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants in the United States. The company has a P/E ratio of 27.09.

TheStreet Ratings rates Jack In The Box as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, notable return on equity and reasonable valuation levels. 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 Jack In The Box Ratings Report now.

Assurant

Owners of Assurant (NYSE: AIZ) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $66.90 as of 9:38 a.m. ET, the dividend yield is 1.6%.

The average volume for Assurant has been 565,300 shares per day over the past 30 days. Assurant has a market cap of $4.8 billion and is part of the insurance industry. Shares are down 0.1% year-to-date as of the close of trading on Tuesday.

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

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America, Latin America, Europe, and internationally. The company has a P/E ratio of 9.93.

TheStreet Ratings rates Assurant as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Assurant 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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