4 Stocks Going Ex-Dividend Tomorrow: IDA, WCN, DO, COG

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. 2, 2013, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 9.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Idacorp

Owners of Idacorp (NYSE: IDA) shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $54.28 as of 9:36 a.m. ET, the dividend yield is 2.9%.

The average volume for Idacorp has been 243,700 shares per day over the past 30 days. Idacorp has a market cap of $2.7 billion and is part of the utilities industry. Shares are up 21.7% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. The company has a P/E ratio of 14.93.

TheStreet Ratings rates Idacorp as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, increase in stock price during the past year, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Idacorp Ratings Report now.

Waste Connections

Owners of Waste Connections (NYSE: WCN) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $43.90 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Waste Connections has been 482,300 shares per day over the past 30 days. Waste Connections has a market cap of $5.2 billion and is part of the materials & construction industry. Shares are up 28% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services. The company operates in four segments: Western, Central, Eastern, and Exploration and Production (E&P). The company has a P/E ratio of 30.41.

TheStreet Ratings rates Waste Connections as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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 Waste Connections Ratings Report now.

Diamond Offshore Drilling

Owners of Diamond Offshore Drilling (NYSE: DO) shares as of market close today will be eligible for a dividend of 88 cents per share. At a price of $67.92 as of 9:35 a.m. ET, the dividend yield is 0.7%.

The average volume for Diamond Offshore Drilling has been 937,200 shares per day over the past 30 days. Diamond Offshore Drilling has a market cap of $9.4 billion and is part of the energy industry. Shares are down 0.8% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Diamond Offshore Drilling, Inc. operates as an offshore oil and gas drilling contractor worldwide. It provides offshore drilling services in both the floater market, such as ultra-deepwater, deepwater, and mid-water; and in the non-floater and jack-up markets. The company has a P/E ratio of 13.57.

TheStreet Ratings rates Diamond Offshore Drilling 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Diamond Offshore Drilling Ratings Report now.

Cabot Oil & Gas Corporation

Owners of Cabot Oil & Gas Corporation (NYSE: COG) shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $77.15 as of 9:36 a.m. ET, the dividend yield is 0.2%.

The average volume for Cabot Oil & Gas Corporation has been 1.9 million shares per day over the past 30 days. Cabot Oil & Gas Corporation has a market cap of $16.2 billion and is part of the energy industry. Shares are up 52.4% year to date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. The company has a P/E ratio of 78.29.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Cabot Oil & Gas Corporation 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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