5 Stocks Going Ex-Dividend Tomorrow: SGU, NSH, OKS, ETE, ITUB

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:

Star Gas Partners L.P

Owners of Star Gas Partners L.P (NYSE: SGU) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $5.03 as of 9:30 a.m. ET, the dividend yield is 6.6%.

The average volume for Star Gas Partners L.P has been 68,300 shares per day over the past 30 days. Star Gas Partners L.P has a market cap of $299.4 million and is part of the energy industry. Shares are up 22.7% 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.

Star Gas Partners, L.P., through its subsidiary, Petro Holdings, Inc., operates as a home heating oil and propane distributor and services provider in the United States. The company has a P/E ratio of 9.49.

TheStreet Ratings rates Star Gas Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Star Gas Partners L.P Ratings Report now.

NuStar GP Holdings

Owners of NuStar GP Holdings (NYSE: NSH) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $26.35 as of 9:30 a.m. ET, the dividend yield is 8.3%.

The average volume for NuStar GP Holdings has been 205,000 shares per day over the past 30 days. NuStar GP Holdings has a market cap of $1.1 billion and is part of the energy industry. Shares are down 5.1% 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.

NuStar GP Holdings, LLC owns general partner and limited partner interests in NuStar Energy L.P. that engages in the terminalling and storage of petroleum products, transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing. The company has a P/E ratio of 23.49.

TheStreet Ratings rates NuStar GP Holdings as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full NuStar GP Holdings Ratings Report now.

ONEOK Partners L.P

Owners of ONEOK Partners L.P (NYSE: OKS) shares as of market close today will be eligible for a dividend of 72 cents per share. At a price of $51.52 as of 9:36 a.m. ET, the dividend yield is 5.8%.

The average volume for ONEOK Partners L.P has been 520,300 shares per day over the past 30 days. ONEOK Partners L.P has a market cap of $7.3 billion and is part of the energy industry. Shares are down 8% 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 Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing, Natural Gas Pipelines, and Natural Gas Liquids. The company has a P/E ratio of 19.54.

TheStreet Ratings rates ONEOK Partners L.P as a buy. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full ONEOK Partners L.P Ratings Report now.

Energy Transfer Equity

Owners of Energy Transfer Equity (NYSE: ETE) shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $64.50 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for Energy Transfer Equity has been 1.3 million shares per day over the past 30 days. Energy Transfer Equity has a market cap of $17.9 billion and is part of the energy industry. Shares are up 41.8% 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.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company has a P/E ratio of 89.63.

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

Itau Unibanco

Owners of Itau Unibanco (NYSE: ITUB) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $12.74 as of 9:36 a.m. ET, the dividend yield is 0.6%.

The average volume for Itau Unibanco has been 11.9 million shares per day over the past 30 days. Itau Unibanco has a market cap of $63.4 billion and is part of the banking industry. Shares are down 22.2% 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.

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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