Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: EVN, SXL, CYT, OKE, COF

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. 6, 2014, 42 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 11.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Eaton Vance Municipal Income

Owners of Eaton Vance Municipal Income (NYSE: EVN) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $11.43 as of 9:33 a.m. ET, the dividend yield is 7.8%.

The average volume for Eaton Vance Municipal Income has been 103,400 shares per day over the past 30 days. Eaton Vance Municipal Income has a market cap of $268.4 million and is part of the financial services industry. Shares are up 8.8% 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.

The company has a P/E ratio of 11.05.

Sunoco Logistics Partners

Owners of Sunoco Logistics Partners (NYSE: SXL) shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $76.64 as of 9:31 a.m. ET, the dividend yield is 3.4%.

The average volume for Sunoco Logistics Partners has been 173,000 shares per day over the past 30 days. Sunoco Logistics Partners has a market cap of $8.2 billion and is part of the energy industry. Shares are up 1.6% 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.

Sunoco Logistics Partners L.P. engages in the transport, terminalling, and storage of crude oil and refined products in the United States. The company operates in four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Refined Products Pipelines. The company has a P/E ratio of 14.52.

TheStreet Ratings rates Sunoco Logistics Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations 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 Sunoco Logistics Partners Ratings Report now.

Cytec Industries

Owners of Cytec Industries (NYSE: CYT) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $88.82 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for Cytec Industries has been 307,400 shares per day over the past 30 days. Cytec Industries has a market cap of $3.1 billion and is part of the chemicals industry. Shares are down 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.

Cytec Industries Inc., a specialty chemicals and materials company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastic industries worldwide. The company has a P/E ratio of 27.06.

TheStreet Ratings rates Cytec Industries as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, solid stock price performance 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 Cytec Industries Ratings Report now.

ONEOK

Owners of ONEOK (NYSE: OKE) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $58.89 as of 9:35 a.m. ET, the dividend yield is 2.8%.

The average volume for ONEOK has been 1.7 million shares per day over the past 30 days. ONEOK has a market cap of $11.9 billion and is part of the utilities industry. Shares are down 2.4% 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.

ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 42.28.

TheStreet Ratings rates ONEOK as a buy. 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ONEOK Ratings Report now.

Capital One Financial

Owners of Capital One Financial (NYSE: COF) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $68.53 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Capital One Financial has been 3.0 million shares per day over the past 30 days. Capital One Financial has a market cap of $39.7 billion and is part of the financial services industry. Shares are down 10.3% 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.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States. The company has a P/E ratio of 9.37.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Capital One Financial 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.
null

If you liked this article you might like

Jim Cramer -- Is Ensco's Secondary Stock Offering Bad for Investors?

Jim Cramer -- Is Ensco's Secondary Stock Offering Bad for Investors?

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: GLU, EVN, HPI

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: GLU, EVN, HPI

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: LGI, EVN, PKO

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: LGI, EVN, PKO

4 Fantastic Closed-End Muni Bond Funds to Boost Your Income

4 Fantastic Closed-End Muni Bond Funds to Boost Your Income

Boost Your Income With These 4 Fantastic Closed End Muni Bond Funds

Boost Your Income With These 4 Fantastic Closed End Muni Bond Funds