4 Stocks Going Ex-Dividend Tomorrow: NRP, EQM, BWA, BHI

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:

Natural Resources Partners L.P

Owners of Natural Resources Partners L.P (NYSE: NRP) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $21.86 as of 9:34 a.m. ET, the dividend yield is 10%.

The average volume for Natural Resources Partners L.P has been 219,200 shares per day over the past 30 days. Natural Resources Partners L.P has a market cap of $2.4 billion and is part of the metals & mining industry. Shares are up 17.9% 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.

Natural Resource Partners L.P., through its subsidiaries, engages in the ownership, management, and leasing of mineral properties in the United States. It owns coal reserves in Appalachia, the Illinois Basin, and the Western United States, as well as lignite reserves in the Gulf Coast region. The company has a P/E ratio of 11.40.

TheStreet Ratings rates Natural Resources Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity 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 Natural Resources Partners L.P Ratings Report now.

EQT Midstream Partners

Owners of EQT Midstream Partners (NYSE: EQM) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $47.67 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for EQT Midstream Partners has been 432,800 shares per day over the past 30 days. EQT Midstream Partners has a market cap of $833.3 million and is part of the energy industry. Shares are up 53.9% 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.

EQT Midstream Partners, LP provides natural gas transmission, storage, and gathering services in Pennsylvania and West Virginia. It owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company has a P/E ratio of 23.67.

TheStreet Ratings rates EQT Midstream Partners as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full EQT Midstream Partners Ratings Report now.

BorgWarner

Owners of BorgWarner (NYSE: BWA) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $94.80 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for BorgWarner has been 866,100 shares per day over the past 30 days. BorgWarner has a market cap of $10.7 billion and is part of the automotive industry. Shares are up 31.9% 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.

BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company has a P/E ratio of 20.29.

TheStreet Ratings rates BorgWarner as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full BorgWarner Ratings Report now.

Baker Hughes

Owners of Baker Hughes (NYSE: BHI) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $47.23 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Baker Hughes has been 3.2 million shares per day over the past 30 days. Baker Hughes has a market cap of $20.9 billion and is part of the energy industry. Shares are up 15.4% 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.

The company has a P/E ratio of 21.00.

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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