Tomorrow's Ex-Dividends To Watch: NSLP, DNP, OKS, UNM, BK

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. 29, 2014, 52 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 14.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

New Source Energy Partners

Owners of New Source Energy Partners (NYSE: NSLP) shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $24.53 as of 9:33 a.m. ET, the dividend yield is 9.4%.

The average volume for New Source Energy Partners has been 27,300 shares per day over the past 30 days. New Source Energy Partners has a market cap of $221.5 million and is part of the energy industry. Shares are up 5% 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.

DNP Select Income Fund

Owners of DNP Select Income Fund (NYSE: DNP) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $9.49 as of 9:32 a.m. ET, the dividend yield is 8.2%.

The average volume for DNP Select Income Fund has been 408,100 shares per day over the past 30 days. DNP Select Income Fund has a market cap of $2.6 billion and is part of the financial services industry. Shares are up 0.4% 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.

The company has a P/E ratio of 20.13.

ONEOK Partners L.P

Owners of ONEOK Partners L.P (NYSE: OKS) shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $53.33 as of 9:35 a.m. ET, the dividend yield is 5.5%.

The average volume for ONEOK Partners L.P has been 410,600 shares per day over the past 30 days. ONEOK Partners L.P has a market cap of $8.4 billion and is part of the energy industry. Shares are up 0.8% 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.

ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing, Natural Gas Pipelines, and Natural Gas Liquids. The company has a P/E ratio of 22.74.

TheStreet Ratings rates ONEOK Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full ONEOK Partners L.P Ratings Report now.

Unum Group

Owners of Unum Group (NYSE: UNM) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $32.35 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Unum Group has been 1.4 million shares per day over the past 30 days. Unum Group has a market cap of $8.4 billion and is part of the insurance industry. Shares are down 8.4% 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.

Unum Group, together with its subsidiaries, provides group and individual disability insurance products primarily in the United States and the United Kingdom. The company has a P/E ratio of 9.96.

TheStreet Ratings rates Unum Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Unum Group Ratings Report now.

Bank of New York Mellon

Owners of Bank of New York Mellon (NYSE: BK) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $32.15 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Bank of New York Mellon has been 4.7 million shares per day over the past 30 days. Bank of New York Mellon has a market cap of $37.1 billion and is part of the financial services industry. Shares are down 8.3% 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.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. The company has a P/E ratio of 14.44.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Bank of New York Mellon 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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