Ex-Dividend Alert: 5 Stocks Going Ex-Dividend Tomorrow: EXLP, CUZ, NYCB, ALTR, IBM

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:

Exterran Partners L.P

Owners of Exterran Partners L.P (NASDAQ: EXLP) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $28.80 as of 9:32 a.m. ET, the dividend yield is 7.3%.

The average volume for Exterran Partners L.P has been 99,400 shares per day over the past 30 days. Exterran Partners L.P has a market cap of $1.4 billion and is part of the energy industry. Shares are down 3.4% year-to-date as of the close of trading on Tuesday.

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Exterran Partners, L.P., together with its subsidiaries, provides natural gas contract operations services to customers in the United States. The company has a P/E ratio of 22.13.

TheStreet Ratings rates Exterran 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, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Exterran Partners L.P Ratings Report now.

Cousins Properties

Owners of Cousins Properties (NYSE: CUZ) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.59 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for Cousins Properties has been 1.3 million shares per day over the past 30 days. Cousins Properties has a market cap of $2.0 billion and is part of the real estate industry. Shares are up 3.9% 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.

Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. The company has a P/E ratio of 11.14.

TheStreet Ratings rates Cousins Properties as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Cousins Properties Ratings Report now.

New York Community Bancorp

Owners of New York Community Bancorp (NYSE: NYCB) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $15.60 as of 9:35 a.m. ET, the dividend yield is 6.4%.

The average volume for New York Community Bancorp has been 2.1 million shares per day over the past 30 days. New York Community Bancorp has a market cap of $6.8 billion and is part of the banking industry. Shares are down 7.3% 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.

New York Community Bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona. The company has a P/E ratio of 14.51.

TheStreet Ratings rates New York Community Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels 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 New York Community Bancorp Ratings Report now.

Altera

Owners of Altera (NASDAQ: ALTR) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $32.33 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Altera has been 3.4 million shares per day over the past 30 days. Altera has a market cap of $10.4 billion and is part of the electronics industry. Shares are unchanged 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.

Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. The company has a P/E ratio of 23.92.

TheStreet Ratings rates Altera as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Altera Ratings Report now.

International Business Machines

Owners of International Business Machines (NYSE: IBM) shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $173.16 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for International Business Machines has been 5.3 million shares per day over the past 30 days. International Business Machines has a market cap of $187.7 billion and is part of the computer software & services industry. Shares are down 7.8% 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.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 10.62.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full International Business Machines 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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