Tomorrow's Ex-Dividends To Watch: AIF, LSTR, CHD, ROK

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. 13, 2014, 38 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 11.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Apollo Tactical Income Fund

Owners of Apollo Tactical Income Fund (NYSE: AIF) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $18.02 as of 9:39 a.m. ET, the dividend yield is 7.8%.

The average volume for Apollo Tactical Income Fund has been 79,000 shares per day over the past 30 days. Apollo Tactical Income Fund has a market cap of $261.7 million and is part of the financial services industry. Shares are down 0.3% 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.

Landstar System

Owners of Landstar System (NASDAQ: LSTR) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $57.72 as of 9:39 a.m. ET, the dividend yield is 0.4%.

The average volume for Landstar System has been 324,600 shares per day over the past 30 days. Landstar System has a market cap of $2.6 billion and is part of the transportation industry. Shares are up 0.1% 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.

Landstar System, Inc., through its subsidiaries, provides freight transportation services and supply chain solutions in the United States and internationally. It operates in two segments, Transportation Logistics and Insurance. The company has a P/E ratio of 24.09.

TheStreet Ratings rates Landstar System as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Landstar System Ratings Report now.

Church & Dwight Company

Owners of Church & Dwight Company (NYSE: CHD) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $64.87 as of 9:40 a.m. ET, the dividend yield is 1.9%.

The average volume for Church & Dwight Company has been 626,000 shares per day over the past 30 days. Church & Dwight Company has a market cap of $9.0 billion and is part of the consumer non-durables industry. Shares are down 2% 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.

Church & Dwight Co., Inc., together with its subsidiaries, develops, manufactures, and markets a range of household, personal care, and specialty products under various brand names in the United States and internationally. The company has a P/E ratio of 23.19.

TheStreet Ratings rates Church & Dwight Company 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, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Church & Dwight Company Ratings Report now.

Rockwell Automation

Owners of Rockwell Automation (NYSE: ROK) shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $114.74 as of 9:40 a.m. ET, the dividend yield is 2.1%.

The average volume for Rockwell Automation has been 777,300 shares per day over the past 30 days. Rockwell Automation has a market cap of $15.5 billion and is part of the industrial 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.

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. The company has a P/E ratio of 19.90.

TheStreet Ratings rates Rockwell Automation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Rockwell Automation 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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