5 Stocks Going Ex-Dividend Tomorrow: GMLP, RGP, RKT, HCP, C

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, Aug. 1, 2013, 34 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 10.2%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Golar LNG Partners

Owners of Golar LNG Partners (NASDAQ: GMLP) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $32.38 as of 9:30 a.m. ET, the dividend yield is 6.3%.

The average volume for Golar LNG Partners has been 113,600 shares per day over the past 30 days. Golar LNG Partners has a market cap of $1.2 billion and is part of the transportation industry. Shares are up 8.9% year to date as of the close of trading on Tuesday.

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

Golar LNG Partners LP owns and operates floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers. Its fleet consists of four FSRUs and two LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP. The company has a P/E ratio of 15.62.

TheStreet Ratings rates Golar LNG Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and weak operating cash flow. You can view the full Golar LNG Partners Ratings Report now.

Regency Energy Partners

Owners of Regency Energy Partners (NYSE: RGP) shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $28.22 as of 9:36 a.m. ET, the dividend yield is 6.6%.

The average volume for Regency Energy Partners has been 701,900 shares per day over the past 30 days. Regency Energy Partners has a market cap of $5.7 billion and is part of the energy industry. Shares are up 30.5% year to date as of the close of trading on Tuesday.

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

Regency Energy Partners LP engages in gathering, treating, processing, compressing, and transporting natural gas and natural gas liquids (NGLs). The company operates in Gathering and Processing, Natural Gas Transportation, NGL Services, and Contract Services segments.

TheStreet Ratings rates Regency Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Regency Energy Partners Ratings Report now.

Rock-Tenn Company

Owners of Rock-Tenn Company (NYSE: RKT) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $115.62 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for Rock-Tenn Company has been 649,200 shares per day over the past 30 days. Rock-Tenn Company has a market cap of $8.1 billion and is part of the consumer non-durables industry. Shares are up 60.7% year to date as of the close of trading on Tuesday.

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

Rock-Tenn Company manufactures and sells corrugated and consumer packaging products in the United States, Canada, Mexico, Chile, Argentina, Puerto Rico, and China. The company has a P/E ratio of 12.93.

TheStreet Ratings rates Rock-Tenn Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Rock-Tenn Company Ratings Report now.

HCP

Owners of HCP (NYSE: HCP) shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $44.10 as of 9:36 a.m. ET, the dividend yield is 4.7%.

The average volume for HCP has been 3.2 million shares per day over the past 30 days. HCP has a market cap of $20.5 billion and is part of the real estate industry. Shares are down 1.1% year to date as of the close of trading on Tuesday.

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

HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. The company has a P/E ratio of 23.47.

TheStreet Ratings rates HCP as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full HCP Ratings Report now.

Citigroup

Owners of Citigroup (NYSE: C) shares as of market close today will be eligible for a dividend of 1 cent per share. At a price of $51.95 as of 9:35 a.m. ET, the dividend yield is 0.1%.

The average volume for Citigroup has been 30.8 million shares per day over the past 30 days. Citigroup has a market cap of $157.1 billion and is part of the banking industry. Shares are up 30.9% year to date as of the close of trading on Tuesday.

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

Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. The company has a P/E ratio of 18.58.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, attractive valuation levels, solid stock price performance and growth in earnings per share. 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 Citigroup 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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