5 Stocks Going Ex-Dividend Tomorrow: RNO, MEMP, BAM, HAS, AON

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:

Rhino Resource Partners

Owners of Rhino Resource Partners (NYSE: RNO) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $14.01 as of 9:34 a.m. ET, the dividend yield is 12.7%.

The average volume for Rhino Resource Partners has been 42,100 shares per day over the past 30 days. Rhino Resource Partners has a market cap of $214.9 million and is part of the metals & mining industry. Shares are up 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.

Rhino Resource Partners LP, together with its subsidiaries, produces, processes, and sells various grades of steam and metallurgical coal from surface and underground mines in the United States. The company has a P/E ratio of 12.83.

TheStreet Ratings rates Rhino Resource Partners as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, 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 deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Rhino Resource Partners Ratings Report now.

Memorial Production Partners

Owners of Memorial Production Partners (NASDAQ: MEMP) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $20.71 as of 9:35 a.m. ET, the dividend yield is 10%.

The average volume for Memorial Production Partners has been 291,700 shares per day over the past 30 days. Memorial Production Partners has a market cap of $803.1 million and is part of the energy industry. Shares are up 16.3% 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.

Brookfield Asset Management

Owners of Brookfield Asset Management (NYSE: BAM) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $37.75 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for Brookfield Asset Management has been 852,000 shares per day over the past 30 days. Brookfield Asset Management has a market cap of $23.3 billion and is part of the real estate industry. Shares are up 3.1% 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.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. The company has a P/E ratio of 20.34.

TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels 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 Brookfield Asset Management Ratings Report now.

Hasbro

Owners of Hasbro (NASDAQ: HAS) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $47.08 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Hasbro has been 1.3 million shares per day over the past 30 days. Hasbro has a market cap of $6.1 billion and is part of the consumer durables industry. Shares are up 31.2% 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.

Hasbro, Inc., together with its subsidiaries, provides children's and family leisure time products and services worldwide. The company has a P/E ratio of 18.33.

TheStreet Ratings rates Hasbro as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hasbro Ratings Report now.

Aon plc

Owners of Aon plc (NYSE: AON) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $67.18 as of 9:34 a.m. ET, the dividend yield is 1%.

The average volume for Aon plc has been 1.5 million shares per day over the past 30 days. Aon plc has a market cap of $20.9 billion and is part of the insurance industry. Shares are up 21.5% 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.

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company has a P/E ratio of 21.57.

TheStreet Ratings rates Aon plc 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, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Aon plc 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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