3 Stocks Going Ex-Dividend Tomorrow: DMB, TTEK, GAS

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, May 14, 2014, 4:00 AM ET, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 10.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Dreyfus Municipal Bond Infrastructure Fund

Owners of Dreyfus Municipal Bond Infrastructure Fund (NYSE: DMB) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $11.80 as of 9:35 a.m. ET, the dividend yield is 6.3%.

The average volume for Dreyfus Municipal Bond Infrastructure Fund has been 71,500 shares per day over the past 30 days. Dreyfus Municipal Bond Infrastructure Fund has a market cap of $200.7 million and is part of the financial services industry. Shares are up 13.7% year-to-date as of the close of trading on Monday.

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

• See our top-yielding stocks list.

Tetra Tech

Owners of Tetra Tech (NASDAQ: TTEK) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $27.19 as of 9:45 a.m. ET, the dividend yield is 1%.

The average volume for Tetra Tech has been 395,400 shares per day over the past 30 days. Tetra Tech has a market cap of $1.8 billion and is part of the diversified services industry. Shares are down 2.8% year-to-date as of the close of trading on Monday.

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

Tetra Tech, Inc., together with its subsidiaries, provides consulting, engineering, program management, construction management, and technical services for water, environment, energy, infrastructure, and natural resources sectors. The company has a P/E ratio of 300.22.

TheStreet Ratings rates Tetra Tech as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Tetra Tech Ratings Report now.

• See our top-yielding stocks list.

AGL Resources

Owners of AGL Resources (NYSE: GAS) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $52.65 as of 9:46 a.m. ET, the dividend yield is 3.7%.

The average volume for AGL Resources has been 736,600 shares per day over the past 30 days. AGL Resources has a market cap of $6.2 billion and is part of the utilities industry. Shares are up 10.8% year-to-date as of the close of trading on Monday.

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

AGL Resources Inc., an energy services holding company, distributes natural gas to residential, commercial, industrial, and governmental customers in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company has a P/E ratio of 13.90.

TheStreet Ratings rates AGL Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust 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 AGL Resources Ratings Report now.

• See our top-yielding stocks list.

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.

• See our dividend calendar.