Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: SBR, GMZ, CSL, BG, PSX

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:

Sabine Royalty

Owners of Sabine Royalty (NYSE: SBR) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $51.44 as of 9:34 a.m. ET, the dividend yield is 6.4%.

The average volume for Sabine Royalty has been 16,100 shares per day over the past 30 days. Sabine Royalty has a market cap of $740.6 million and is part of the financial services industry. Shares are up 1.2% 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.

Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. The company has a P/E ratio of 13.13.

TheStreet Ratings rates Sabine Royalty 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, increase in net income, expanding profit margins and increase in stock price during the past year. 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 Sabine Royalty Ratings Report now.

Goldman Sachs MLP Income Opportunities Fund

Owners of Goldman Sachs MLP Income Opportunities Fund (NYSE: GMZ) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $19.62 as of 9:30 a.m. ET, the dividend yield is 6.5%.

The average volume for Goldman Sachs MLP Income Opportunities Fund has been 135,000 shares per day over the past 30 days. Goldman Sachs MLP Income Opportunities Fund has a market cap of $806.5 million and is part of the financial services industry. Shares are down 5.5% 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.

Carlisle Companies

Owners of Carlisle Companies (NYSE: CSL) shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $77.88 as of 9:40 a.m. ET, the dividend yield is 1.1%.

The average volume for Carlisle Companies has been 312,800 shares per day over the past 30 days. Carlisle Companies has a market cap of $4.9 billion and is part of the consumer non-durables industry. Shares are down 2.5% 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.

Carlisle Companies Incorporated operates as a diversified manufacturing company in the United States and internationally. The company has a P/E ratio of 21.20.

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

Bunge

Owners of Bunge (NYSE: BG) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $76.07 as of 9:39 a.m. ET, the dividend yield is 1.6%.

The average volume for Bunge has been 794,600 shares per day over the past 30 days. Bunge has a market cap of $11.0 billion and is part of the food & beverage industry. Shares are down 7% 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.

Bunge Limited, through its subsidiaries, engages in agriculture and food business worldwide.

TheStreet Ratings rates Bunge as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Bunge Ratings Report now.

Phillips 66

Owners of Phillips 66 (NYSE: PSX) shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $74.35 as of 9:40 a.m. ET, the dividend yield is 2.2%.

The average volume for Phillips 66 has been 3.6 million shares per day over the past 30 days. Phillips 66 has a market cap of $43.3 billion and is part of the energy industry. Shares are down 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.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. The company has a P/E ratio of 8.62.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Phillips 66 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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