Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: CNK, PBF, ATK

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, Friday, Feb. 28, 2014, 5:00 AM ET, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 14.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cinemark Holdings

Owners of Cinemark Holdings (NYSE: CNK) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $29.40 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Cinemark Holdings has been 696,900 shares per day over the past 30 days. Cinemark Holdings has a market cap of $3.3 billion and is part of the media industry. Shares are down 11.9% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Cinemark Holdings, Inc., together with its subsidiaries, engages in motion picture exhibition business. The company operates in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and Guatemala. The company has a P/E ratio of 22.52.

TheStreet Ratings rates Cinemark Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cinemark Holdings Ratings Report now.

PBF Energy Inc Class A

Owners of PBF Energy Inc Class A (NYSE: PBF) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $26.97 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for PBF Energy Inc Class A has been 1.1 million shares per day over the past 30 days. PBF Energy Inc Class A has a market cap of $1.5 billion and is part of the energy industry. Shares are down 14% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

PBF Energy Inc., together with its subsidiaries, engages in the refining and supply of petroleum products. The company has a P/E ratio of 22.72.

TheStreet Ratings rates PBF Energy Inc Class A as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow. You can view the full PBF Energy Inc Class A Ratings Report now.

Alliant Techsystems

Owners of Alliant Techsystems (NYSE: ATK) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $133.26 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Alliant Techsystems has been 414,300 shares per day over the past 30 days. Alliant Techsystems has a market cap of $4.2 billion and is part of the aerospace/defense industry. Shares are up 9.8% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Alliant Techsystems Inc. engages in the provision of aerospace, defense, and commercial products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. The company has a P/E ratio of 13.64.

TheStreet Ratings rates Alliant Techsystems 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 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 Alliant Techsystems 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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