5 Stocks Going Ex-Dividend Tomorrow: GSJK, LGCY, CRR, PBCT, NRG

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 30, 2013, 29 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 12.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Compressco Partners

Owners of Compressco Partners (NASDAQ: GSJK) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $21.98 as of 9:30 a.m. ET, the dividend yield is 7.9%.

The average volume for Compressco Partners has been 15,200 shares per day over the past 30 days. Compressco Partners has a market cap of $198.7 million and is part of the energy industry. Shares are up 29% year to date as of the close of trading on Friday.

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

Compressco Partners, L.P. provides compression-based production enhancement services for natural gas and oil exploration and production companies. Its production enhancement services are used in both conventional wellhead compression applications and unconventional compression applications. The company has a P/E ratio of 18.95.

TheStreet Ratings rates Compressco Partners as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Compressco Partners Ratings Report now.

Legacy Reserves

Owners of Legacy Reserves (NASDAQ: LGCY) shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $28.07 as of 9:35 a.m. ET, the dividend yield is 8.2%.

The average volume for Legacy Reserves has been 198,300 shares per day over the past 30 days. Legacy Reserves has a market cap of $1.6 billion and is part of the energy industry. Shares are up 17.6% year to date as of the close of trading on Friday.

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

Legacy Reserves LP, an independent oil and natural gas limited partnership, engages in the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Mid-Continent, and Rocky Mountain regions of the United States. The company has a P/E ratio of 24.95.

TheStreet Ratings rates Legacy Reserves as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 somewhat weak growth in earnings per share. You can view the full Legacy Reserves Ratings Report now.

Carbo Ceramics

Owners of Carbo Ceramics (NYSE: CRR) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $87.40 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for Carbo Ceramics has been 342,100 shares per day over the past 30 days. Carbo Ceramics has a market cap of $2.0 billion and is part of the energy industry. Shares are up 12.4% year to date as of the close of trading on Friday.

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

CARBO Ceramics Inc. manufactures and sells resin-coated ceramic and resin-coated sand proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 17.90.

TheStreet Ratings rates Carbo Ceramics 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 and increase in stock price during the past year. 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 disappointing return on equity. You can view the full Carbo Ceramics Ratings Report now.

People's United Financial

Owners of People's United Financial (NASDAQ: PBCT) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $15.26 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for People's United Financial has been 3.9 million shares per day over the past 30 days. People's United Financial has a market cap of $5.1 billion and is part of the banking industry. Shares are up 27.2% year to date as of the close of trading on Friday.

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

People's United Financial, Inc. operates as the bank holding company for People's United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. The company has a P/E ratio of 21.39.

TheStreet Ratings rates People's United Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full People's United Financial Ratings Report now.

NRG Energy

Owners of NRG Energy (NYSE: NRG) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $27.55 as of 9:35 a.m. ET, the dividend yield is 1.7%.

The average volume for NRG Energy has been 3.6 million shares per day over the past 30 days. NRG Energy has a market cap of $8.9 billion and is part of the utilities industry. Shares are up 19.7% year to date as of the close of trading on Friday.

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

NRG Energy, Inc., together with its subsidiaries, operates as an integrated wholesale power generation and retail electricity company. The company engages in the ownership, development, construction, expansion, modification, refurbishment, and operation of power generation facilities. The company has a P/E ratio of 12.19.

TheStreet Ratings rates NRG Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels 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 NRG Energy 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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