5 Stocks Going Ex-Dividend Tomorrow: PDH, TCP, ETP, NBL, COF

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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:

PetroLogistics

Owners of PetroLogistics (NYSE: PDH) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $13.33 as of 9:35 a.m. ET, the dividend yield is 9%.

The average volume for PetroLogistics has been 201,600 shares per day over the past 30 days. PetroLogistics has a market cap of $1.8 billion and is part of the chemicals industry. Shares are down 1.9% year to date as of the close of trading on Tuesday.

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PetroLogistics LP owns and operates propane dehydrogenation facility that processes propane into propylene in North America. It sells propylene, hydrogen, and C4 mix/C5+ streams to Petrochemical and Chemical companies. PetroLogistics LP has partnership with PetroLogistics GP LLC. The company has a P/E ratio of 34.08.

TheStreet Ratings rates PetroLogistics as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full PetroLogistics Ratings Report now.

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