5 Stocks Going Ex-Dividend Tomorrow: HCLP, CASY, PNW, PAYX, ZTS

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:

Hi-Crush Partners

Owners of Hi-Crush Partners (NYSE: HCLP) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $23.34 as of 9:36 a.m. ET, the dividend yield is 8.2%.

The average volume for Hi-Crush Partners has been 217,600 shares per day over the past 30 days. Hi-Crush Partners has a market cap of $315.6 million and is part of the metals & mining industry. Shares are up 53.1% 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.

Casey's General Stores

Owners of Casey's General Stores (NASDAQ: CASY) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $67.09 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for Casey's General Stores has been 260,700 shares per day over the past 30 days. Casey's General Stores has a market cap of $2.6 billion and is part of the retail industry. Shares are up 26.9% 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.

Casey’s General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey’s General Store name in 14 Midwestern states, primarily Iowa, Missouri, and Illinois. The company has a P/E ratio of 23.40.

TheStreet Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income 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 Casey's General Stores Ratings Report now.

Pinnacle West Capital Corporation

Owners of Pinnacle West Capital Corporation (NYSE: PNW) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $59.50 as of 9:35 a.m. ET, the dividend yield is 3.7%.

The average volume for Pinnacle West Capital Corporation has been 833,100 shares per day over the past 30 days. Pinnacle West Capital Corporation has a market cap of $6.5 billion and is part of the utilities industry. Shares are up 16.7% 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.

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. The company has a P/E ratio of 15.51.

TheStreet Ratings rates Pinnacle West Capital Corporation 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, revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Pinnacle West Capital Corporation Ratings Report now.

Paychex

Owners of Paychex (NASDAQ: PAYX) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $39.21 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Paychex has been 2.1 million shares per day over the past 30 days. Paychex has a market cap of $14.3 billion and is part of the diversified services industry. Shares are up 26.2% 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.

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company has a P/E ratio of 25.14.

TheStreet Ratings rates Paychex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, largely solid financial position with reasonable debt levels by most measures 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 Paychex Ratings Report now.

Zoetis

Owners of Zoetis (NYSE: ZTS) shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $30.38 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Zoetis has been 8.2 million shares per day over the past 30 days. Zoetis has a market cap of $3.0 billion and is part of the drugs industry. Shares are unchanged 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.

The company has a P/E ratio of 32.15.

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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