Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: WPT, KNOP, CLMT - TheStreet

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Tomorrow, Friday, October 31, 2014, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 9.7%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

World Point Terminals

Owners of

World Point Terminals

(NYSE:

WPT

) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $18.70 as of 9:39 a.m. ET, the dividend yield is 6.6%.

The average volume for World Point Terminals has been 37,600 shares per day over the past 30 days. World Point Terminals has a market cap of $307.2 million and is part of the energy industry. Shares are down 3.2% year-to-date as of the close of trading on Wednesday.

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

World Point Terminals, LP owns, operates, develops, and acquires terminals and other assets for the storage of light refined products, heavy refined products, and crude oil in the East Coast, Gulf Coast, and Midwest regions of the United States.

TheStreet Ratings rates

World Point Terminals

as a

hold

. 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 and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full

World Point Terminals Ratings Report

now.

KNOT Offshore Partners

Owners of

KNOT Offshore Partners

(NYSE:

KNOP

) shares, as of market close today, will be eligible for a dividend of 49 cents per share. At a price of $25.35 as of 9:43 a.m. ET, the dividend yield is 7.6%.

The average volume for KNOT Offshore Partners has been 83,300 shares per day over the past 30 days. KNOT Offshore Partners has a market cap of $338.8 million and is part of the transportation industry. Shares are down 11.8% year-to-date as of the close of trading on Wednesday.

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

KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. As of April 14, 2014, it had a fleet of five shuttle tankers. The company has a P/E ratio of 24.27.

TheStreet Ratings rates

KNOT Offshore Partners

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk and generally disappointing historical performance in the stock itself. You can view the full

KNOT Offshore Partners Ratings Report

now.

Calumet Specialty Products Partners

Owners of

Calumet Specialty Products Partners

(NASDAQ:

CLMT

) shares, as of market close today, will be eligible for a dividend of 68 cents per share. At a price of $27.92 as of 9:45 a.m. ET, the dividend yield is 9.7%.

The average volume for Calumet Specialty Products Partners has been 314,700 shares per day over the past 30 days. Calumet Specialty Products Partners has a market cap of $2.0 billion and is part of the energy industry. Shares are up 7.3% year-to-date as of the close of trading on Wednesday.

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

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in two segments, Specialty Products and Fuel Products.

TheStreet Ratings rates

Calumet Specialty Products Partners

as a

hold

. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. You can view the full

Calumet Specialty Products Partners 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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