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, Jan. 15, 2014, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 11.8%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Clough Global Allocation Fund

Owners of

Clough Global Allocation Fund

(AMEX:

GLV

) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $15.42 as of 9:30 a.m. ET, the dividend yield is 8.1%.

The average volume for Clough Global Allocation Fund has been 31,600 shares per day over the past 30 days. Clough Global Allocation Fund has a market cap of $161.9 million and is part of the financial services industry. Shares are down 0.4% 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.

Pioneer Municipal High Income

Owners of

Pioneer Municipal High Income

(NYSE:

MHI

) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.08 as of 9:32 a.m. ET, the dividend yield is 8.1%.

The average volume for Pioneer Municipal High Income has been 91,700 shares per day over the past 30 days. Pioneer Municipal High Income has a market cap of $319.2 million and is part of the financial services industry. Shares are up 4% 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 13.84.

Dreyfus Municipal Bond Infrastructure Fund

Owners of

Dreyfus Municipal Bond Infrastructure Fund

(NYSE:

DMB

) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.73 as of 9:30 a.m. ET, the dividend yield is 7%.

The average volume for Dreyfus Municipal Bond Infrastructure Fund has been 154,800 shares per day over the past 30 days. Dreyfus Municipal Bond Infrastructure Fund has a market cap of $181.0 million and is part of the financial services industry. Shares are up 3.5% 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.

Methode Electronics

Owners of

Methode Electronics

(NYSE:

MEI

) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $33.74 as of 9:34 a.m. ET, the dividend yield is 0.8%.

The average volume for Methode Electronics has been 502,800 shares per day over the past 30 days. Methode Electronics has a market cap of $1.3 billion and is part of the electronics industry. Shares are down 3% 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.

Methode Electronics, Inc. engages in the design, manufacture, and marketing of components and subsystem devices worldwide. Its Automotive segment provides electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The company has a P/E ratio of 28.35.

TheStreet Ratings rates

Methode Electronics

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Methode Electronics Ratings Report

now.

General Dynamics

Owners of

General Dynamics

(NYSE:

GD

) shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $95.51 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for General Dynamics has been 1.4 million shares per day over the past 30 days. General Dynamics has a market cap of $33.5 billion and is part of the aerospace/defense industry. Shares are down 0.6% 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.

General Dynamics Corporation, an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services worldwide.

TheStreet Ratings rates

General Dynamics

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

General Dynamics 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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