5 Stocks Going Ex-Dividend Tomorrow: CIK, WGL, OGE, DRI, AXP

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. 8, 2014, 19 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 10.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Credit Suisse Asset Mgmt Income Fund

Owners of Credit Suisse Asset Mgmt Income Fund (AMEX: CIK) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $3.56 as of 9:35 a.m. ET, the dividend yield is 7.9%.

The average volume for Credit Suisse Asset Mgmt Income Fund has been 129,400 shares per day over the past 30 days. Credit Suisse Asset Mgmt Income Fund has a market cap of $185.9 million and is part of the financial services industry. Shares are unchanged 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.

WGL Holdings

Owners of WGL Holdings (NYSE: WGL) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $39.35 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for WGL Holdings has been 300,500 shares per day over the past 30 days. WGL Holdings has a market cap of $2.1 billion and is part of the utilities industry. Shares are down 1.9% 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.

WGL Holdings, Inc., through its subsidiaries, sells and delivers natural gas, and provides energy-related products and services. The company operates in four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The company has a P/E ratio of 25.53.

TheStreet Ratings rates WGL Holdings as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full WGL Holdings Ratings Report now.

OGE Energy

Owners of OGE Energy (NYSE: OGE) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $33.74 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for OGE Energy has been 1.0 million shares per day over the past 30 days. OGE Energy has a market cap of $6.6 billion and is part of the utilities industry. Shares are down 0.9% 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.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 18.03.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full OGE Energy Ratings Report now.

Darden Restaurants

Owners of Darden Restaurants (NYSE: DRI) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $52.43 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for Darden Restaurants has been 2.0 million shares per day over the past 30 days. Darden Restaurants has a market cap of $7.0 billion and is part of the leisure industry. Shares are down 4.3% 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.

Darden Restaurants, Inc. owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, and Wildfish Seafood Grille brand names. The company has a P/E ratio of 19.49.

TheStreet Ratings rates Darden Restaurants as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, 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 somewhat weak growth in earnings per share. You can view the full Darden Restaurants Ratings Report now.

American Express

Owners of American Express (NYSE: AXP) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $90.10 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for American Express has been 3.7 million shares per day over the past 30 days. American Express has a market cap of $96.1 billion and is part of the financial services industry. Shares are down 1.1% 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.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company has a P/E ratio of 21.12.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. 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 American Express 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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