5 Stocks Going Ex-Dividend Tomorrow: ROYT, NGL, CBD, OKE, PHM

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:

Pacific Coast Oil

Owners of Pacific Coast Oil (NYSE: ROYT) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $18.01 as of 9:34 a.m. ET, the dividend yield is 10.2%.

The average volume for Pacific Coast Oil has been 86,600 shares per day over the past 30 days. Pacific Coast Oil has a market cap of $701.8 million and is part of the energy industry. Shares are up 4.1% 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.

NGL Energy Partners

Owners of NGL Energy Partners (NYSE: NGL) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $28.98 as of 9:36 a.m. ET, the dividend yield is 6.7%.

The average volume for NGL Energy Partners has been 274,600 shares per day over the past 30 days. NGL Energy Partners has a market cap of $1.8 billion and is part of the energy industry. Shares are up 24.6% 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.

NGL Energy Partners LP, through its subsidiaries, engages in propane and other natural gas liquids businesses in the United States. The company operates in four segments: Crude Oil Logistics, Water Services, Natural Gas Liquids Logistics, and Retail Propane. The company has a P/E ratio of 30.62.

TheStreet Ratings rates NGL Energy Partners as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins. You can view the full NGL Energy Partners Ratings Report now.

Companhia Brasileira De Distribuicao

Owners of Companhia Brasileira De Distribuicao (NYSE: CBD) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $44.56 as of 9:35 a.m. ET, the dividend yield is 0.1%.

The average volume for Companhia Brasileira De Distribuicao has been 607,600 shares per day over the past 30 days. Companhia Brasileira De Distribuicao has a market cap of $12.0 billion and is part of the retail industry. Shares are up 2.3% 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.

Companhia Brasileira de Distribuic o engages in the retail of food and non-food products to individual consumers through its chain of hypermarkets, supermarkets, specialized and department stores, and e-commerce. The company has a P/E ratio of 48.51.

TheStreet Ratings rates Companhia Brasileira De Distribuicao as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations 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 Companhia Brasileira De Distribuicao Ratings Report now.

ONEOK

Owners of ONEOK (NYSE: OKE) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $53.78 as of 9:35 a.m. ET, the dividend yield is 2.9%.

The average volume for ONEOK has been 1.7 million shares per day over the past 30 days. ONEOK has a market cap of $10.7 billion and is part of the utilities industry. Shares are up 21.2% 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.

ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 31.18.

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

PulteGroup

Owners of PulteGroup (NYSE: PHM) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $16.33 as of 9:36 a.m. ET, the dividend yield is 1.2%.

The average volume for PulteGroup has been 9.7 million shares per day over the past 30 days. PulteGroup has a market cap of $6.4 billion and is part of the materials & construction industry. Shares are down 10.9% 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.

PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. The company has a P/E ratio of 21.57.

TheStreet Ratings rates PulteGroup 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full PulteGroup 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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