4 Stocks Going Ex-Dividend Tomorrow: PNG, CLMT, WPZ, PETM

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 31, 2013, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.8% to 8.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

PAA Natural Gas Storage L.P

Owners of PAA Natural Gas Storage L.P (NYSE: PNG) shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $22.00 as of 9:35 a.m. ET, the dividend yield is 6.5%.

The average volume for PAA Natural Gas Storage L.P has been 98,700 shares per day over the past 30 days. PAA Natural Gas Storage L.P has a market cap of $1.3 billion and is part of the utilities industry. Shares are up 15.2% year to date as of the close of trading on Monday.

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

PAA Natural Gas Storage, L.P. engages in the ownership, acquisition, development, operation, and commercial management of natural gas storage facilities in the United States. The company has a P/E ratio of 21.88.

TheStreet Ratings rates PAA Natural Gas Storage L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PAA Natural Gas Storage L.P Ratings Report now.

Calumet Specialty Products Partners

Owners of Calumet Specialty Products Partners (NASDAQ: CLMT) shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $33.84 as of 9:36 a.m. ET, the dividend yield is 8.1%.

The average volume for Calumet Specialty Products Partners has been 483,600 shares per day over the past 30 days. Calumet Specialty Products Partners has a market cap of $2.3 billion and is part of the energy industry. Shares are up 11.3% year to date as of the close of trading on Monday.

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

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon and fuel products in North America. It operates in two segments, Specialty Products and Fuel Products. The company has a P/E ratio of 10.60.

TheStreet Ratings rates Calumet Specialty Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels 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 Calumet Specialty Products Partners Ratings Report now.

Williams Partners

Owners of Williams Partners (NYSE: WPZ) shares as of market close today will be eligible for a dividend of 86 cents per share. At a price of $52.24 as of 9:35 a.m. ET, the dividend yield is 6.6%.

The average volume for Williams Partners has been 834,700 shares per day over the past 30 days. Williams Partners has a market cap of $21.8 billion and is part of the chemicals industry. Shares are up 6.9% year to date as of the close of trading on Monday.

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

Williams Partners L.P., an energy infrastructure company, focuses on connecting North America's hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in two segments, Gas Pipeline and Midstream Gas & Liquids. The company has a P/E ratio of 34.15.

TheStreet Ratings rates Williams Partners as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Williams Partners Ratings Report now.

PetSmart

Owners of PetSmart (NASDAQ: PETM) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $72.60 as of 9:35 a.m. ET, the dividend yield is 0.9%.

The average volume for PetSmart has been 1.2 million shares per day over the past 30 days. PetSmart has a market cap of $7.4 billion and is part of the specialty retail industry. Shares are up 5.3% year to date as of the close of trading on Monday.

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

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. The company has a P/E ratio of 19.55.

TheStreet Ratings rates PetSmart as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PetSmart 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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