3 Stocks Going Ex-Dividend Tomorrow: CVRR, MIC, PLL

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, Thursday, Feb. 27, 2014, 5:00 AM ET, 49 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 14.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

CVR Refining

Owners of CVR Refining (NYSE: CVRR) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $22.34 as of 9:40 a.m. ET, the dividend yield is 8.1%.

The average volume for CVR Refining has been 435,200 shares per day over the past 30 days. CVR Refining has a market cap of $3.3 billion and is part of the energy industry. Shares are down 1.1% year-to-date as of the close of trading on Tuesday.

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CVR Refining, LP engages in the refining of petroleum in the United States. It owns and operates Coffeyville crude oil refinery located approximately 100 miles northeast of Cushing, Oklahoma; and Wynnewood crude oil refinery located approximately 65 miles south of Oklahoma City, Oklahoma. The company has a P/E ratio of 6.44.

TheStreet Ratings rates CVR Refining as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, weak operating cash flow and feeble growth in its earnings per share. You can view the full CVR Refining Ratings Report now.

Macquarie Infrastructure Company

Owners of Macquarie Infrastructure Company (NYSE: MIC) shares as of market close today will be eligible for a dividend of 91 cents per share. At a price of $56.02 as of 9:39 a.m. ET, the dividend yield is 6.6%.

The average volume for Macquarie Infrastructure Company has been 341,300 shares per day over the past 30 days. Macquarie Infrastructure Company has a market cap of $3.1 billion and is part of the transportation industry. Shares are up 2.3% year-to-date as of the close of trading on Tuesday.

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Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in a diversified group of infrastructure businesses in the United States. The company has a P/E ratio of 91.26.

TheStreet Ratings rates Macquarie Infrastructure Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Macquarie Infrastructure Company Ratings Report now.

Pall Corporation

Owners of Pall Corporation (NYSE: PLL) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $85.65 as of 9:40 a.m. ET, the dividend yield is 1.3%.

The average volume for Pall Corporation has been 513,100 shares per day over the past 30 days. Pall Corporation has a market cap of $9.5 billion and is part of the industrial industry. Shares are up 0.3% year-to-date as of the close of trading on Tuesday.

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Pall Corporation manufactures and markets filtration, separation, and purification products and integrated systems solutions worldwide. It operates in two segments, Life Sciences and Industrial. The company has a P/E ratio of 31.27.

TheStreet Ratings rates Pall Corporation 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, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Pall Corporation 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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