Tomorrow's Ex-Dividends To Watch: MEMP, WTFC, KBH, DFS

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, Feb. 4, 2014, 19 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 10%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Memorial Production Partners

Owners of Memorial Production Partners (NASDAQ: MEMP) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $22.00 as of 9:35 a.m. ET, the dividend yield is 10%.

The average volume for Memorial Production Partners has been 527,500 shares per day over the past 30 days. Memorial Production Partners has a market cap of $1.2 billion and is part of the energy industry. Shares are up 0.1% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Memorial Production Partners LP, through its subsidiary, Memorial Production Operating LLC, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. The company has a P/E ratio of 129.12.

TheStreet Ratings rates Memorial Production 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 solid stock price performance. 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 Memorial Production Partners Ratings Report now.

Wintrust Financial

Owners of Wintrust Financial (NASDAQ: WTFC) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $43.89 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for Wintrust Financial has been 344,500 shares per day over the past 30 days. Wintrust Financial has a market cap of $1.8 billion and is part of the banking industry. Shares are down 5% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Wintrust Financial Corporation, through its subsidiaries, provides banking and other financial products and services to customers in the Chicago metropolitan area and in southeastern Wisconsin. The company operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The company has a P/E ratio of 16.27.

TheStreet Ratings rates Wintrust Financial as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, solid stock price performance, compelling growth in net income and reasonable valuation levels. 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 Wintrust Financial Ratings Report now.

KB Home

Owners of KB Home (NYSE: KBH) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $19.19 as of 9:35 a.m. ET, the dividend yield is 0.5%.

The average volume for KB Home has been 3.9 million shares per day over the past 30 days. KB Home has a market cap of $1.6 billion and is part of the materials & construction industry. Shares are up 5.8% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

KB Home is engaged in homebuilding activities in the United States. It constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. The company has a P/E ratio of 41.54.

TheStreet Ratings rates KB Home as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. You can view the full KB Home Ratings Report now.

Discover Financial Services

Owners of Discover Financial Services (NYSE: DFS) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $53.50 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Discover Financial Services has been 3.0 million shares per day over the past 30 days. Discover Financial Services has a market cap of $26.1 billion and is part of the financial services industry. Shares are down 4.1% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Discover Financial Services, a bank holding company, provides direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. The company has a P/E ratio of 12.28.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins 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 Discover Financial Services 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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