5 Stocks Going Ex-Dividend Tomorrow: STON, SEP, KKR, AMP, SO

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:

Stonemor Partners

Owners of Stonemor Partners (NYSE: STON) shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $26.77 as of 9:31 a.m. ET, the dividend yield is 8.9%.

The average volume for Stonemor Partners has been 82,300 shares per day over the past 30 days. Stonemor Partners has a market cap of $574.4 million and is part of the diversified services industry. Shares are up 27.9% 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.

StoneMor Partners L.P., together with its subsidiaries, engages in the ownership and operation of cemeteries in the United States. It operates through Cemetery Operations Southeast, Cemetery Operations Northeast, Cemetery Operations West, and Funeral Homes segments.

TheStreet Ratings rates Stonemor Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins 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 weak operating cash flow. You can view the full Stonemor Partners Ratings Report now.

Spectra Energy Partners

Owners of Spectra Energy Partners (NYSE: SEP) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $44.43 as of 9:36 a.m. ET, the dividend yield is 4.5%.

The average volume for Spectra Energy Partners has been 308,600 shares per day over the past 30 days. Spectra Energy Partners has a market cap of $4.7 billion and is part of the energy industry. Shares are up 44.1% 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.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has a P/E ratio of 27.18.

TheStreet Ratings rates Spectra Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. 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 Spectra Energy Partners Ratings Report now.

KKR

Owners of KKR (NYSE: KKR) shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $20.89 as of 9:36 a.m. ET, the dividend yield is 7.8%.

The average volume for KKR has been 2.4 million shares per day over the past 30 days. KKR has a market cap of $5.5 billion and is part of the financial services industry. Shares are up 36.6% 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.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, and middle market investments. The company has a P/E ratio of 13.49.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full KKR Ratings Report now.

Ameriprise Financial

Owners of Ameriprise Financial (NYSE: AMP) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $89.03 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for Ameriprise Financial has been 1.3 million shares per day over the past 30 days. Ameriprise Financial has a market cap of $17.7 billion and is part of the financial services industry. Shares are up 42.1% 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.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. The company has a P/E ratio of 17.01.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Ameriprise Financial Ratings Report now.

Southern

Owners of Southern (NYSE: SO) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $44.83 as of 9:35 a.m. ET, the dividend yield is 4.5%.

The average volume for Southern has been 4.5 million shares per day over the past 30 days. Southern has a market cap of $39.5 billion and is part of the utilities industry. Shares are up 6.1% 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.

The Southern Company, together with its subsidiaries, operates as a public electric utility company. The company has a P/E ratio of 19.40.

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