5 Stocks Going Ex-Dividend Tomorrow: NSLP, GEL, BMO, AES, AMTD

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:

New Source Energy Partners

Owners of New Source Energy Partners (NYSE: NSLP) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $20.45 as of 9:30 a.m. ET, the dividend yield is 10.8%.

The average volume for New Source Energy Partners has been 30,800 shares per day over the past 30 days. New Source Energy Partners has a market cap of $136.8 million and is part of the energy 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.

Genesis Energy

Owners of Genesis Energy (NYSE: GEL) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $51.40 as of 9:33 a.m. ET, the dividend yield is 3.9%.

The average volume for Genesis Energy has been 260,000 shares per day over the past 30 days. Genesis Energy has a market cap of $4.2 billion and is part of the energy industry. Shares are up 45.3% 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.

Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. It operates through three segments: Pipeline Transportation, Refinery Services, and Supply and Logistics. The company has a P/E ratio of 41.75.

TheStreet Ratings rates Genesis Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, growth in earnings per share and solid stock price performance. 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 Genesis Energy Ratings Report now.

Bank of Montreal

Owners of Bank of Montreal (NYSE: BMO) shares as of market close today will be eligible for a dividend of 71 cents per share. At a price of $63.76 as of 9:36 a.m. ET, the dividend yield is 4.5%.

The average volume for Bank of Montreal has been 540,400 shares per day over the past 30 days. Bank of Montreal has a market cap of $41.4 billion and is part of the banking industry. Shares are up 4.1% 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.

Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. The company has a P/E ratio of 10.71.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Bank of Montreal Ratings Report now.

AES

Owners of AES (NYSE: AES) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $12.52 as of 9:36 a.m. ET, the dividend yield is 1.3%.

The average volume for AES has been 5.4 million shares per day over the past 30 days. AES has a market cap of $9.3 billion and is part of the utilities industry. Shares are up 16.4% 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.

TD Ameritrade Holding Corporation

Owners of TD Ameritrade Holding Corporation (NYSE: AMTD) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $27.07 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for TD Ameritrade Holding Corporation has been 4.0 million shares per day over the past 30 days. TD Ameritrade Holding Corporation has a market cap of $15.0 billion and is part of the financial services industry. Shares are up 60.7% 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.

TD Ameritrade Holding Corporation provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. The company has a P/E ratio of 23.87.

TheStreet Ratings rates TD Ameritrade Holding Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. 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 TD Ameritrade Holding Corporation 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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