Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Tomorrow: TSLF, AFT, NRP, AYI

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. 16, 2014, 14 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 9.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

THL Credit Senior Loan Fund

Owners of THL Credit Senior Loan Fund (NYSE: TSLF) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.45 as of 9:33 a.m. ET, the dividend yield is 7.8%.

The average volume for THL Credit Senior Loan Fund has been 38,700 shares per day over the past 30 days. THL Credit Senior Loan Fund has a market cap of $121.0 million and is part of the financial services industry. Shares are up 0.1% 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.

Apollo Senior Floating Rate Fund

Owners of Apollo Senior Floating Rate Fund (NYSE: AFT) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $18.24 as of 9:33 a.m. ET, the dividend yield is 6.5%.

The average volume for Apollo Senior Floating Rate Fund has been 58,900 shares per day over the past 30 days. Apollo Senior Floating Rate Fund has a market cap of $284.9 million and is part of the financial services industry. Shares are up 0.8% 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.

Natural Resources Partners L.P

Owners of Natural Resources Partners L.P (NYSE: NRP) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $16.26 as of 9:35 a.m. ET, the dividend yield is 8.5%.

The average volume for Natural Resources Partners L.P has been 366,300 shares per day over the past 30 days. Natural Resources Partners L.P has a market cap of $1.8 billion and is part of the metals & mining industry. Shares are down 18.8% 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.

Natural Resource Partners L.P., through its subsidiaries, engages in the ownership, management, and leasing of mineral properties in the United States. The company has a P/E ratio of 9.89.

TheStreet Ratings rates Natural Resources Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Natural Resources Partners L.P Ratings Report now.

Acuity Brands

Owners of Acuity Brands (NYSE: AYI) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $130.41 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for Acuity Brands has been 329,000 shares per day over the past 30 days. Acuity Brands has a market cap of $5.6 billion and is part of the electronics industry. Shares are up 19% 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.

Acuity Brands, Inc. designs, produces, and distributes lighting solutions, components, and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has a P/E ratio of 38.51.

TheStreet Ratings rates Acuity Brands as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Acuity Brands 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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