Dividend Watch: 4 Stocks Going Ex-Dividend Tomorrow: AWF, EEP, ETP, DHI

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:

AllianceBernstein Global High Income Fund I

Owners of AllianceBernstein Global High Income Fund I (NYSE: AWF) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.55 as of 9:35 a.m. ET, the dividend yield is 8.1%.

The average volume for AllianceBernstein Global High Income Fund I has been 224,500 shares per day over the past 30 days. AllianceBernstein Global High Income Fund I has a market cap of $1.3 billion and is part of the financial services industry. Shares are up 1.6% 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.

Enbridge Energy Partners

Owners of Enbridge Energy Partners (NYSE: EEP) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $29.12 as of 9:35 a.m. ET, the dividend yield is 7.4%.

The average volume for Enbridge Energy Partners has been 708,100 shares per day over the past 30 days. Enbridge Energy Partners has a market cap of $7.5 billion and is part of the energy industry. Shares are down 2.9% 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.

Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas gathering, treating, processing, transportation, and marketing assets in the United States.

TheStreet Ratings rates Enbridge Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. 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 Enbridge Energy Partners Ratings Report now.

Energy Transfer Partners L.P

Owners of Energy Transfer Partners L.P (NYSE: ETP) shares as of market close today will be eligible for a dividend of 92 cents per share. At a price of $54.87 as of 9:35 a.m. ET, the dividend yield is 6.6%.

The average volume for Energy Transfer Partners L.P has been 921,400 shares per day over the past 30 days. Energy Transfer Partners L.P has a market cap of $21.1 billion and is part of the energy industry. Shares are down 4.1% 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.

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company has a P/E ratio of 38.28.

TheStreet Ratings rates Energy Transfer Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Energy Transfer Partners L.P Ratings Report now.

DR Horton

Owners of DR Horton (NYSE: DHI) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $22.82 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for DR Horton has been 7.7 million shares per day over the past 30 days. DR Horton has a market cap of $7.6 billion and is part of the materials & construction industry. Shares are up 2.5% 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.

D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 78 markets in the United States under the D.R. Horton, America's Builder, Emerald Homes, and Breland Homes. The company has a P/E ratio of 15.76.

TheStreet Ratings rates DR Horton as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full DR Horton 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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