Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: STB, SJT, BXMT, WSH, SRE

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, Dec. 27, 2013, 134 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 14.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Student Transportation

Owners of Student Transportation (NASDAQ: STB) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $6.28 as of 9:35 a.m. ET, the dividend yield is 8.5%.

The average volume for Student Transportation has been 108,900 shares per day over the past 30 days. Student Transportation has a market cap of $510.0 million and is part of the diversified services industry. Shares are up 1.6% 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.

Student Transportation Inc. provides school bus transportation services in North America. The company operates through two segments Transportation, and Oil and Gas. The Transportation segment provides school bus management services to public and private schools in North America. The company has a P/E ratio of 156.00.

TheStreet Ratings rates Student Transportation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and generally high debt management risk. You can view the full Student Transportation Ratings Report now.

San Juan Basin Royalty

Owners of San Juan Basin Royalty (NYSE: SJT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $16.70 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for San Juan Basin Royalty has been 129,800 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $776.0 million and is part of the energy industry. Shares are up 24.2% 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.

San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington's oil and gas leasehold interests (the underlying properties) in properties located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 29.73.

TheStreet Ratings rates San Juan Basin Royalty 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 increase in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full San Juan Basin Royalty Ratings Report now.

Blackstone Mortgage

Owners of Blackstone Mortgage (NYSE: BXMT) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $27.30 as of 9:34 a.m. ET, the dividend yield is 6.6%.

The average volume for Blackstone Mortgage has been 268,100 shares per day over the past 30 days. Blackstone Mortgage has a market cap of $798.8 million and is part of the real estate industry. Shares are up 30.1% 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.

Blackstone Mortgage Trust, Inc., a real estate finance company, primarily focuses on originating mortgage loans backed by commercial real estate assets. The company has a P/E ratio of 0.63.

TheStreet Ratings rates Blackstone Mortgage as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself. You can view the full Blackstone Mortgage Ratings Report now.

Willis Group Holdings

Owners of Willis Group Holdings (NYSE: WSH) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $44.74 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Willis Group Holdings has been 644,200 shares per day over the past 30 days. Willis Group Holdings has a market cap of $8.0 billion and is part of the insurance industry. Shares are up 34.1% 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.

Willis Group Holdings Public Limited Company provides a range of insurance brokerage, reinsurance, and risk management consulting services worldwide.

TheStreet Ratings rates Willis Group Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Willis Group Holdings Ratings Report now.

Sempra Energy

Owners of Sempra Energy (NYSE: SRE) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $89.63 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for Sempra Energy has been 1.1 million shares per day over the past 30 days. Sempra Energy has a market cap of $21.9 billion and is part of the utilities industry. Shares are up 26.1% 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.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. The company has a P/E ratio of 22.03.

TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sempra Energy 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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