Tomorrow's Ex-Dividends To Watch: DHY, EDI, TK, QCOR

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:

Credit Suisse High Yield Bond Fund

Owners of Credit Suisse High Yield Bond Fund (AMEX: DHY) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $3.13 as of 9:35 a.m. ET, the dividend yield is 9.2%.

The average volume for Credit Suisse High Yield Bond Fund has been 349,900 shares per day over the past 30 days. Credit Suisse High Yield Bond Fund has a market cap of $307.0 million and is part of the financial services industry. Shares are up 2.3% 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.

Stone Harbor Emerging Markets Total Income

Owners of Stone Harbor Emerging Markets Total Income (NYSE: EDI) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $19.76 as of 9:33 a.m. ET, the dividend yield is 9.3%.

The average volume for Stone Harbor Emerging Markets Total Income has been 77,600 shares per day over the past 30 days. Stone Harbor Emerging Markets Total Income has a market cap of $188.0 million and is part of the financial services industry. Shares are up 2.6% 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.

Teekay Corporation

Owners of Teekay Corporation (NYSE: TK) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $49.76 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for Teekay Corporation has been 245,700 shares per day over the past 30 days. Teekay Corporation has a market cap of $3.4 billion and is part of the transportation industry. Shares are up 2.6% 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.

Teekay Corporation provides crude oil and gas marine transportation services in Bermuda and internationally.

TheStreet Ratings rates Teekay Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Teekay Corporation Ratings Report now.

Questcor Pharmaceuticals

Owners of Questcor Pharmaceuticals (NASDAQ: QCOR) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $54.18 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Questcor Pharmaceuticals has been 2.1 million shares per day over the past 30 days. Questcor Pharmaceuticals has a market cap of $3.2 billion and is part of the drugs industry. Shares are down 2.4% 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.

Questcor Pharmaceuticals, Inc., a biopharmaceutical company, provides drugs for the treatment of multiple sclerosis, nephrotic syndrome, and infantile spasms indications. It primarily offers H.P. The company has a P/E ratio of 12.20.

TheStreet Ratings rates Questcor Pharmaceuticals 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Questcor Pharmaceuticals 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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