Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: VNR, CVI, VAL

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:

Vanguard Natural Resources

Owners of Vanguard Natural Resources (NASDAQ: VNR) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $31.00 as of 9:38 a.m. ET, the dividend yield is 8%.

The average volume for Vanguard Natural Resources has been 382,000 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $2.4 billion and is part of the energy industry. Shares are up 5.9% year-to-date as of the close of trading on Tuesday.

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Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States.

TheStreet Ratings rates Vanguard Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk. You can view the full Vanguard Natural Resources Ratings Report now.

CVR Energy

Owners of CVR Energy (NYSE: CVI) shares as of market close today will be eligible for a dividend of 75 cents per share. At a price of $42.24 as of 9:40 a.m. ET, the dividend yield is 7.2%.

The average volume for CVR Energy has been 518,200 shares per day over the past 30 days. CVR Energy has a market cap of $3.6 billion and is part of the energy industry. Shares are down 4.5% year-to-date as of the close of trading on Tuesday.

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CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The company has a P/E ratio of 10.35.

TheStreet Ratings rates CVR Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full CVR Energy Ratings Report now.

Valspar Corporation

Owners of Valspar Corporation (NYSE: VAL) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $74.73 as of 9:40 a.m. ET, the dividend yield is 1.4%.

The average volume for Valspar Corporation has been 603,200 shares per day over the past 30 days. Valspar Corporation has a market cap of $6.3 billion and is part of the chemicals industry. Shares are up 4% year-to-date as of the close of trading on Tuesday.

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The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The company has a P/E ratio of 22.29.

TheStreet Ratings rates Valspar Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Valspar 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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