Dividend Watch: 4 Stocks Going Ex-Dividend Tomorrow: STK, OZM, R, RCL

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:

Columbia Seligman Premium Technology Growth

Owners of Columbia Seligman Premium Technology Growth (NYSE: STK) shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $15.63 as of 9:39 a.m. ET, the dividend yield is 11.8%.

The average volume for Columbia Seligman Premium Technology Growth has been 72,600 shares per day over the past 30 days. Columbia Seligman Premium Technology Growth has a market cap of $239.2 million and is part of the financial services industry. Shares are up 9.3% 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.

Och-Ziff Capital Management Group

At a price of $15.35 as of 9:40 a.m. ET, the dividend yield is 11.6%.

The average volume for Och-Ziff Capital Management Group has been 925,300 shares per day over the past 30 days. Och-Ziff Capital Management Group has a market cap of $2.5 billion and is part of the financial services 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.

Och-Ziff Capital Management Group LLC is a publicly owned investment manager. The firm provides investment advisory services for its clients. It invests in equity markets across the world. The firm makes its investments in alternative markets across the world. The company has a P/E ratio of 8.24.

TheStreet Ratings rates Och-Ziff Capital Management Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Och-Ziff Capital Management Group Ratings Report now.

Ryder System

Owners of Ryder System (NYSE: R) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $72.00 as of 9:40 a.m. ET, the dividend yield is 1.9%.

The average volume for Ryder System has been 507,200 shares per day over the past 30 days. Ryder System has a market cap of $3.7 billion and is part of the diversified services industry. Shares are down 3.2% 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.

Ryder System, Inc. provides transportation and supply chain management solutions. It operates in two segments, Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The company has a P/E ratio of 14.50.

TheStreet Ratings rates Ryder System as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Ryder System Ratings Report now.

Royal Caribbean Cruises

Owners of Royal Caribbean Cruises (NYSE: RCL) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $52.75 as of 9:40 a.m. ET, the dividend yield is 2%.

The average volume for Royal Caribbean Cruises has been 1.7 million shares per day over the past 30 days. Royal Caribbean Cruises has a market cap of $11.2 billion and is part of the leisure industry. Shares are up 10.3% 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.

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. It owns five cruise brands comprising Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, and CDF Croisieres de France. The company has a P/E ratio of 21.18.

TheStreet Ratings rates Royal Caribbean Cruises as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Royal Caribbean Cruises 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.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%