Dividend Watch: 3 Stocks Going Ex-Dividend Monday: NAP, HOMB, PAG

Monday, Monday, August 08, 2016, 22 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 13.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Navios Maritime Midstream Partners

Owners of Navios Maritime Midstream Partners (NYSE: NAP) shares, as of market close today, will be eligible for a dividend of 42 cents per share. At a price of $14.00 as of 4:02 p.m. ET, the dividend yield is 13.3%.

The average volume for Navios Maritime Midstream Partners has been 61,100 shares per day over the past 30 days. Navios Maritime Midstream Partners has a market cap of $257.5 million and is part of the transportation industry. Shares are up 14.5% year-to-date as of the close of trading on Friday.

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Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers under long-term employment contracts. The company has a P/E ratio of 9.55.

TheStreet Ratings rates Navios Maritime Midstream Partners as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Navios Maritime Midstream Partners Ratings Report now.

Home BancShares

Owners of Home BancShares (NASDAQ: HOMB) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $20.86 as of 4:00 p.m. ET, the dividend yield is 1.7%.

The average volume for Home BancShares has been 525,100 shares per day over the past 30 days. Home BancShares has a market cap of $2.9 billion and is part of the banking industry. Shares are up 3% year-to-date as of the close of trading on Friday.

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Home BancShares, Inc. operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. The company has a P/E ratio of 15.33.

TheStreet Ratings rates Home BancShares as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel its 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 Home BancShares Ratings Report now.

Penske Automotive Group

Owners of Penske Automotive Group (NYSE: PAG) shares, as of market close today, will be eligible for a dividend of 28 cents per share. At a price of $39.79 as of 4:02 p.m. ET, the dividend yield is 3%.

The average volume for Penske Automotive Group has been 688,500 shares per day over the past 30 days. Penske Automotive Group has a market cap of $3.2 billion and is part of the specialty retail industry. Shares are down 6.4% year-to-date as of the close of trading on Friday.

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Penske Automotive Group, Inc. operates as a transportation services company. The company operates through three segments: Retail Automotive, Retail Commercial Truck, and Other. The company has a P/E ratio of 9.79.

TheStreet Ratings rates Penske Automotive Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, attractive valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Penske Automotive Group 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.