5 Stocks Going Ex-Dividend Tomorrow: STB, NDRO, VLP, OHI, COLE

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:

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 $6.05 as of 9:30 a.m. ET, the dividend yield is 8.7%.

The average volume for Student Transportation has been 109,800 shares per day over the past 30 days. Student Transportation has a market cap of $498.6 million and is part of the diversified services 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.

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 152.50.

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

Enduro Royalty

Owners of Enduro Royalty (NYSE: NDRO) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $13.25 as of 9:33 a.m. ET, the dividend yield is 10.8%.

The average volume for Enduro Royalty has been 249,500 shares per day over the past 30 days. Enduro Royalty has a market cap of $431.6 million and is part of the energy industry. Shares are up 9.6% 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.

Valero Energy Partners

Owners of Valero Energy Partners (NYSE: VLP) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $35.28 as of 9:35 a.m. ET, the dividend yield is 0.4%.

The average volume for Valero Energy Partners has been 597,200 shares per day over the past 30 days. Valero Energy Partners has a market cap of $1.0 billion and is part of the energy industry. Shares are up 1.8% 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.

Omega Healthcare Investors

Owners of Omega Healthcare Investors (NYSE: OHI) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $32.18 as of 9:35 a.m. ET, the dividend yield is 6.1%.

The average volume for Omega Healthcare Investors has been 1.2 million shares per day over the past 30 days. Omega Healthcare Investors has a market cap of $3.9 billion and is part of the real estate industry. Shares are up 7.3% 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.

Omega Healthcare Investors, Inc. is a real estate investment firm. The firm invests in the real estate markets of United States. It invests in healthcare facilities, primarily in long-term healthcare facilities in order to create its portfolio. Omega Healthcare Investors, Inc. The company has a P/E ratio of 23.04.

TheStreet Ratings rates Omega Healthcare Investors as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Omega Healthcare Investors Ratings Report now.

Cole Real Estate Investments

Owners of Cole Real Estate Investments (NYSE: COLE) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $15.25 as of 9:35 a.m. ET, the dividend yield is 4.7%.

The average volume for Cole Real Estate Investments has been 6.8 million shares per day over the past 30 days. Cole Real Estate Investments has a market cap of $7.2 billion and is part of the real estate industry. Shares are up 8.1% 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.

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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