5 Stocks Going Ex-Dividend Monday: CRT, TLP, EPB, WNR, KMI

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.

Monday, July 29, 2013, 31 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 11.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Cross Timbers Royalty

Owners of Cross Timbers Royalty (NYSE: CRT) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $27.89 as of 9:34 a.m. ET, the dividend yield is 8.9%.

The average volume for Cross Timbers Royalty has been 15,000 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $164.7 million and is part of the energy industry. Shares are up 3.3% year to date as of the close of trading on Thursday.

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

Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unitholders. The company has a P/E ratio of 12.42.

TheStreet Ratings rates Cross Timbers Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. You can view the full Cross Timbers Royalty Ratings Report now.

TransMontaigne Partners L.P

Owners of TransMontaigne Partners L.P (NYSE: TLP) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $43.60 as of 9:35 a.m. ET, the dividend yield is 6%.

The average volume for TransMontaigne Partners L.P has been 64,000 shares per day over the past 30 days. TransMontaigne Partners L.P has a market cap of $626.0 million and is part of the energy industry. Shares are up 15.3% year to date as of the close of trading on Thursday.

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

TransMontaigne Partners L.P. operates as a terminaling and transportation company. The company has a P/E ratio of 18.12.

TheStreet Ratings rates TransMontaigne Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full TransMontaigne Partners L.P Ratings Report now.

El Paso Pipeline Partners

Owners of El Paso Pipeline Partners (NYSE: EPB) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $43.71 as of 9:35 a.m. ET, the dividend yield is 5.8%.

The average volume for El Paso Pipeline Partners has been 466,800 shares per day over the past 30 days. El Paso Pipeline Partners has a market cap of $9.4 billion and is part of the energy industry. Shares are up 18.3% year to date as of the close of trading on Thursday.

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

El Paso Pipeline Partners, L.P. engages in the ownership and operation of interstate natural gas transportation and terminaling facilities in the United States. The company has a P/E ratio of 19.87.

TheStreet Ratings rates El Paso Pipeline Partners as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, increase in stock price during the past year and notable return on equity. 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 El Paso Pipeline Partners Ratings Report now.

Western Refining

Owners of Western Refining (NYSE: WNR) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $30.25 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for Western Refining has been 1.9 million shares per day over the past 30 days. Western Refining has a market cap of $2.4 billion and is part of the energy industry. Shares are up 4.9% year to date as of the close of trading on Thursday.

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

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. It operates in three segments: Refining, Wholesale, and Retail. The company has a P/E ratio of 5.67.

TheStreet Ratings rates Western Refining as a buy. 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, notable return on equity, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Western Refining Ratings Report now.

Kinder Morgan

Owners of Kinder Morgan (NYSE: KMI) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $38.83 as of 9:36 a.m. ET, the dividend yield is 4.1%.

The average volume for Kinder Morgan has been 3.5 million shares per day over the past 30 days. Kinder Morgan has a market cap of $40.1 billion and is part of the energy industry. Shares are up 10% year to date as of the close of trading on Thursday.

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

Kinder Morgan, Inc. owns and operates energy transportation and storage assets in the United States and Canada. The company operates in six segments: Natural Gas Pipelines, Products Pipelines KMP, CO2 KMP, Terminals KMP, Kinder Morgan Canada KMP, and Other.

TheStreet Ratings rates Kinder Morgan as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, growth in earnings per share and increase in stock price during the past year. 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 Kinder Morgan 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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