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.

Wednesday, Wednesday, July 30, 2014, 4:00 AM ET, 43 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 8.5%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Wednesday:

OCI Resources

Owners of

OCI Resources

(NYSE:

OCIR

) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $25.20 as of 3:59 p.m. ET, the dividend yield is 7.8%.

The average volume for OCI Resources has been 47,100 shares per day over the past 30 days. OCI Resources has a market cap of $250.8 million and is part of the metals & mining industry. Shares are up 24.4% year-to-date as of the close of trading on Friday.

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 39.45.

Casey's General Stores

Owners of

Casey's General Stores

(NASDAQ:

CASY

) shares, as of market close today, will be eligible for a dividend of 20 cents per share. At a price of $66.75 as of 9:36 a.m. ET, the dividend yield is 1.2%.

The average volume for Casey's General Stores has been 187,400 shares per day over the past 30 days. Casey's General Stores has a market cap of $2.5 billion and is part of the retail industry. Shares are down 5.2% 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.

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store name in 14 Midwestern states, primarily Iowa, Missouri, and Illinois. The company has a P/E ratio of 19.22.

TheStreet Ratings rates

Casey's General Stores

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and increase in stock price during the past year. 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

Casey's General Stores Ratings Report

now.

Carbo Ceramics

Owners of

Carbo Ceramics

(NYSE:

CRR

) shares, as of market close today, will be eligible for a dividend of 33 cents per share. At a price of $142.42 as of 9:34 a.m. ET, the dividend yield is 0.9%.

The average volume for Carbo Ceramics has been 285,100 shares per day over the past 30 days. Carbo Ceramics has a market cap of $3.3 billion and is part of the energy industry. Shares are up 22.9% 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.

CARBO Ceramics Inc., an oilfield services technology company, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 38.92.

TheStreet Ratings rates

Carbo Ceramics

as a

buy

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

Carbo Ceramics 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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