Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: NRT, VKI, VGM, WAB, BA

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:

North European Oil Royalty

Owners of North European Oil Royalty (NYSE: NRT) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $22.28 as of 9:30 a.m. ET, the dividend yield is 9.8%.

The average volume for North European Oil Royalty has been 42,600 shares per day over the past 30 days. North European Oil Royalty has a market cap of $201.9 million and is part of the financial services industry. Shares are up 12.5% 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.

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds these rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. The company has a P/E ratio of 9.76.

TheStreet Ratings rates North European Oil Royalty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full North European Oil Royalty Ratings Report now.

Invesco Advantage Municipal Income Trust II

Owners of Invesco Advantage Municipal Income Trust II (AMEX: VKI) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.96 as of 9:39 a.m. ET, the dividend yield is 6.9%.

The average volume for Invesco Advantage Municipal Income Trust II has been 157,500 shares per day over the past 30 days. Invesco Advantage Municipal Income Trust II has a market cap of $485.5 million and is part of the financial services industry. Shares are up 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 11.16.

AIM Investment Funds

Owners of AIM Investment Funds (NYSE: VGM) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $12.91 as of 9:39 a.m. ET, the dividend yield is 6.8%.

The average volume for AIM Investment Funds has been 228,300 shares per day over the past 30 days. AIM Investment Funds has a market cap of $696.3 million and is part of the financial services industry. Shares are up 6.1% 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.

The company has a P/E ratio of 11.78.

Westinghouse Air Brake Technologies

Owners of Westinghouse Air Brake Technologies (NYSE: WAB) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $72.48 as of 9:40 a.m. ET, the dividend yield is 0.2%.

The average volume for Westinghouse Air Brake Technologies has been 601,400 shares per day over the past 30 days. Westinghouse Air Brake Technologies has a market cap of $7.1 billion and is part of the transportation industry. Shares are down 2.6% 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.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. The company has a P/E ratio of 25.12.

TheStreet Ratings rates Westinghouse Air Brake Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Westinghouse Air Brake Technologies Ratings Report now.

Boeing

Owners of Boeing (NYSE: BA) shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $127.99 as of 9:40 a.m. ET, the dividend yield is 2.3%.

The average volume for Boeing has been 4.9 million shares per day over the past 30 days. Boeing has a market cap of $95.4 billion and is part of the aerospace/defense industry. Shares are down 6.9% 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.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 21.31.

TheStreet Ratings rates Boeing 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, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Boeing 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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