3 Stocks Going Ex-Dividend Tomorrow: SFUN, NGLS, BX

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 25, 2013, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.8% to 6.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

SouFun Holdings

Owners of SouFun Holdings (NYSE: SFUN) shares as of market close today will be eligible for a dividend of 98 cents per share. At a price of $31.44 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for SouFun Holdings has been 331,500 shares per day over the past 30 days. SouFun Holdings has a market cap of $2.4 billion and is part of the internet industry. Shares are up 24.5% year to date as of the close of trading on Tuesday.

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SouFun Holdings Limited operates a real estate Internet portal, and a home furnishing and improvement Website in the People's Republic of China. The company has a P/E ratio of 14.58.

TheStreet Ratings rates SouFun Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full SouFun Holdings Ratings Report now.

Targa Resources Partners

Owners of Targa Resources Partners (NYSE: NGLS) shares as of market close today will be eligible for a dividend of 72 cents per share. At a price of $51.41 as of 9:35 a.m. ET, the dividend yield is 5.5%.

The average volume for Targa Resources Partners has been 423,300 shares per day over the past 30 days. Targa Resources Partners has a market cap of $5.3 billion and is part of the energy industry. Shares are up 38.8% year to date as of the close of trading on Tuesday.

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Targa Resources Partners LP provides midstream natural gas, natural gas liquid (NGL), terminaling, and crude oil gathering services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. The company has a P/E ratio of 71.05.

TheStreet Ratings rates Targa Resources Partners as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Targa Resources Partners Ratings Report now.

Blackstone Group

Owners of Blackstone Group (NYSE: BX) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.08 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for Blackstone Group has been 5.2 million shares per day over the past 30 days. Blackstone Group has a market cap of $13.4 billion and is part of the financial services industry. Shares are up 54.5% year to date as of the close of trading on Tuesday.

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The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The company has a P/E ratio of 40.83.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Blackstone 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.
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