Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: MUJ, CEN, VVR, PCL, CVX

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. 12, 2014, 196 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 23.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

BlackRock MuniHoldings New Jersey Quality F

Owners of BlackRock MuniHoldings New Jersey Quality F (NYSE: MUJ) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $13.67 as of 9:30 a.m. ET, the dividend yield is 6.5%.

The average volume for BlackRock MuniHoldings New Jersey Quality F has been 70,800 shares per day over the past 30 days. BlackRock MuniHoldings New Jersey Quality F has a market cap of $288.9 million and is part of the financial services industry. Shares are up 3.7% 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.

The company has a P/E ratio of 13.16.

Center Coast MLP & Infrastructure Fund

Owners of Center Coast MLP & Infrastructure Fund (NYSE: CEN) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.42 as of 9:31 a.m. ET, the dividend yield is 7.2%.

The average volume for Center Coast MLP & Infrastructure Fund has been 101,300 shares per day over the past 30 days. Center Coast MLP & Infrastructure Fund has a market cap of $253.5 million and is part of the financial services industry. Shares are down 5.3% 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.

AIM Investment Funds

Owners of AIM Investment Funds (NYSE: VVR) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $5.08 as of 9:35 a.m. ET, the dividend yield is 6.6%.

The average volume for AIM Investment Funds has been 612,800 shares per day over the past 30 days. AIM Investment Funds has a market cap of $912.6 million and is part of the financial services industry. Shares are up 1.4% 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.

The company has a P/E ratio of 6.42.

Plum Creek Timber

Owners of Plum Creek Timber (NYSE: PCL) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $42.60 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for Plum Creek Timber has been 1.2 million shares per day over the past 30 days. Plum Creek Timber has a market cap of $7.5 billion and is part of the materials & construction industry. Shares are down 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.

Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company has a P/E ratio of 30.68.

TheStreet Ratings rates Plum Creek Timber as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full Plum Creek Timber Ratings Report now.

Chevron

At a price of $112.38 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Chevron has been 5.9 million shares per day over the past 30 days. Chevron has a market cap of $215.5 billion and is part of the energy industry. Shares are down 10.6% 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.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 10.10.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chevron 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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