5 Stocks Going Ex-Dividend Tomorrow: BGH, CODI, TGP, ACE, CL

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, July 19, 2013, 5 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 2.2% to 8.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Babson Capital Global Short Duration High Y

Owners of Babson Capital Global Short Duration High Y (NYSE: BGH) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $23.66 as of 9:30 a.m. ET, the dividend yield is 8.7%.

The average volume for Babson Capital Global Short Duration High Y has been 94,100 shares per day over the past 30 days. Babson Capital Global Short Duration High Y has a market cap of $429.9 million and is part of the financial services industry. Shares are down 0.8% 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.

Compass Diversified Holdings Shares of Bene

Owners of Compass Diversified Holdings Shares of Bene (NYSE: CODI) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $18.70 as of 9:31 a.m. ET, the dividend yield is 7.8%.

The average volume for Compass Diversified Holdings Shares of Bene has been 155,400 shares per day over the past 30 days. Compass Diversified Holdings Shares of Bene has a market cap of $892.6 million and is part of the diversified services industry. Shares are up 26.4% 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.

Compass Diversified Holdings is a public investment firm specializing in acquiring controlling stakes in small to middle market companies. The firm seeks to make middle market and buyout investments.

TheStreet Ratings rates Compass Diversified Holdings Shares of Bene as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Compass Diversified Holdings Shares of Bene Ratings Report now.

Teekay LNG Partners L.P

Owners of Teekay LNG Partners L.P (NYSE: TGP) shares as of market close today will be eligible for a dividend of 68 cents per share. At a price of $44.42 as of 9:30 a.m. ET, the dividend yield is 6.1%.

The average volume for Teekay LNG Partners L.P has been 179,700 shares per day over the past 30 days. Teekay LNG Partners L.P has a market cap of $3.1 billion and is part of the transportation industry. Shares are up 16.6% 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.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The company has a P/E ratio of 28.73.

TheStreet Ratings rates Teekay LNG Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow. You can view the full Teekay LNG Partners L.P Ratings Report now.

ACE

Owners of ACE (NYSE: ACE) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $94.51 as of 9:35 a.m. ET, the dividend yield is 2.2%.

The average volume for ACE has been 1.5 million shares per day over the past 30 days. ACE has a market cap of $31.7 billion and is part of the insurance industry. Shares are up 18.1% 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.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insured's worldwide. The company has a P/E ratio of 11.92.

TheStreet Ratings rates ACE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full ACE Ratings Report now.

Colgate-Palmolive Company

Owners of Colgate-Palmolive Company (NYSE: CL) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $58.34 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for Colgate-Palmolive Company has been 3.3 million shares per day over the past 30 days. Colgate-Palmolive Company has a market cap of $54.5 billion and is part of the consumer non-durables industry. Shares are up 11.7% 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.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two segments: Oral, Personal and Home Care; and Pet Nutrition. The company has a P/E ratio of 23.97.

TheStreet Ratings rates Colgate-Palmolive Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, 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 Colgate-Palmolive Company 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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