Ex-Dividends To Watch: 4 Stocks Going Ex-Dividend Tomorrow: CQP, BMO, BWA, AON

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. 30, 2014, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cheniere Energy Partners

Owners of Cheniere Energy Partners (AMEX: CQP) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $28.20 as of 9:35 a.m. ET, the dividend yield is 6.1%.

The average volume for Cheniere Energy Partners has been 201,900 shares per day over the past 30 days. Cheniere Energy Partners has a market cap of $1.6 billion and is part of the energy industry. Shares are down 1.1% 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.

Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates the Sabine Pass liquefied natural gas (LNG) terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel.

TheStreet Ratings rates Cheniere Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Cheniere Energy Partners Ratings Report now.

Bank of Montreal

Owners of Bank of Montreal (NYSE: BMO) shares as of market close today will be eligible for a dividend of 71 cents per share. At a price of $62.89 as of 9:35 a.m. ET, the dividend yield is 4.5%.

The average volume for Bank of Montreal has been 356,200 shares per day over the past 30 days. Bank of Montreal has a market cap of $40.8 billion and is part of the banking industry. Shares are down 5.2% 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.

Bank of Montreal provides various retail banking, wealth management, and investment banking products and services in Canada, the United States, and internationally. The company has a P/E ratio of 10.56.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Bank of Montreal Ratings Report now.

BorgWarner

Owners of BorgWarner (NYSE: BWA) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $53.55 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for BorgWarner has been 1.5 million shares per day over the past 30 days. BorgWarner has a market cap of $12.2 billion and is part of the automotive industry. Shares are down 3.4% 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.

BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company has a P/E ratio of 20.73.

TheStreet Ratings rates BorgWarner as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full BorgWarner Ratings Report now.

Aon plc

Owners of Aon plc (NYSE: AON) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $79.90 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Aon plc has been 1.4 million shares per day over the past 30 days. Aon plc has a market cap of $23.8 billion and is part of the insurance industry. Shares are down 4.5% 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.

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company has a P/E ratio of 23.77.

TheStreet Ratings rates Aon plc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Aon plc 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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