3 Stocks With Upcoming Ex-Dividend Dates: FTF, CBT, CFR

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, Wednesday, Feb. 26, 2014, 5:00 AM ET, 79 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 14.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Franklin Templeton Ltd Duration Inc Tr

Owners of Franklin Templeton Ltd Duration Inc Tr (AMEX: FTF) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $13.18 as of 9:34 a.m. ET, the dividend yield is 6.7%.

The average volume for Franklin Templeton Ltd Duration Inc Tr has been 88,900 shares per day over the past 30 days. Franklin Templeton Ltd Duration Inc Tr has a market cap of $352.9 million and is part of the financial services industry. Shares are up 1.2% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 11.95.

Cabot Corporation

Owners of Cabot Corporation (NYSE: CBT) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $53.06 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Cabot Corporation has been 252,900 shares per day over the past 30 days. Cabot Corporation has a market cap of $3.4 billion and is part of the chemicals industry. Shares are up 3.2% year-to-date as of the close of trading on Monday.

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Cabot Corporation operates as a specialty chemicals and performance materials company. The company has a P/E ratio of 16.56.

TheStreet Ratings rates Cabot Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cabot Corporation Ratings Report now.

Cullen Frost Bankers

Owners of Cullen Frost Bankers (NYSE: CFR) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $74.62 as of 9:32 a.m. ET, the dividend yield is 2.7%.

The average volume for Cullen Frost Bankers has been 383,000 shares per day over the past 30 days. Cullen Frost Bankers has a market cap of $4.5 billion and is part of the banking industry. Shares are up 0.2% year-to-date as of the close of trading on Monday.

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Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking, and other financial products and services primarily in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. The company has a P/E ratio of 19.33.

TheStreet Ratings rates Cullen Frost Bankers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, increase in stock price during the past year and growth in earnings per share. 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 Cullen Frost Bankers 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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