4 With Upcoming Ex-Dividend Dates: AMID, SXT, JNS, NSC

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. 5, 2014, 36 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 11.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

American Midstream Partners

Owners of American Midstream Partners (NYSE: AMID) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $26.31 as of 9:34 a.m. ET, the dividend yield is 6.8%.

The average volume for American Midstream Partners has been 89,800 shares per day over the past 30 days. American Midstream Partners has a market cap of $188.7 million and is part of the utilities industry. Shares are down 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.

American Midstream Partners, LP engages in gathering, treating, processing, and transporting natural gas in the Gulf Coast and Southeast regions of the United States.

TheStreet Ratings rates American Midstream Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally high debt management risk, poor profit margins and feeble growth in its earnings per share. You can view the full American Midstream Partners Ratings Report now.

Sensient Technologies Corporation

Owners of Sensient Technologies Corporation (NYSE: SXT) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $46.89 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Sensient Technologies Corporation has been 306,300 shares per day over the past 30 days. Sensient Technologies Corporation has a market cap of $2.4 billion and is part of the chemicals industry. Shares are down 3.4% 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.

Sensient Technologies Corporation engages in the manufacture and marketing of colors, flavors, and fragrances primarily in North America, Europe, and the Asia Pacific. The company operates in two segments, Flavors and Fragrances Group, and Color Group. The company has a P/E ratio of 21.65.

TheStreet Ratings rates Sensient Technologies Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations 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 Sensient Technologies Corporation Ratings Report now.

Janus Capital Group

Owners of Janus Capital Group (NYSE: JNS) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $10.36 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Janus Capital Group has been 3.1 million shares per day over the past 30 days. Janus Capital Group has a market cap of $2.1 billion and is part of the financial services industry. Shares are down 16.2% 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.

Janus Capital Group, Inc. is a publicly owned asset management holding company with approximately $167.7 billion in assets under management. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients. The company has a P/E ratio of 17.73.

TheStreet Ratings rates Janus Capital Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Janus Capital Group Ratings Report now.

Norfolk Southern Corporation

Owners of Norfolk Southern Corporation (NYSE: NSC) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $91.32 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Norfolk Southern Corporation has been 1.7 million shares per day over the past 30 days. Norfolk Southern Corporation has a market cap of $28.6 billion and is part of the transportation industry. Shares are down 3.5% 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.

Norfolk Southern Corporation engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company has a P/E ratio of 15.33.

TheStreet Ratings rates Norfolk Southern Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Norfolk Southern Corporation 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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