4 Stocks Going Ex-Dividend Tomorrow: SPH, SAFM, MWE, BBD

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:

Suburban Propane Partners

Owners of Suburban Propane Partners (NYSE: SPH) shares as of market close today will be eligible for a dividend of 88 cents per share. At a price of $49.09 as of 9:36 a.m. ET, the dividend yield is 7.1%.

The average volume for Suburban Propane Partners has been 253,100 shares per day over the past 30 days. Suburban Propane Partners has a market cap of $3.0 billion and is part of the utilities industry. Shares are up 26.2% 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.

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company has a P/E ratio of 36.47.

TheStreet Ratings rates Suburban Propane Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Suburban Propane Partners Ratings Report now.

Sanderson Farms

Owners of Sanderson Farms (NASDAQ: SAFM) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $72.02 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Sanderson Farms has been 217,200 shares per day over the past 30 days. Sanderson Farms has a market cap of $1.6 billion and is part of the food & beverage industry. Shares are up 47.6% year to date as of the close of trading on Wednesday.

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Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh, frozen, and prepared chicken products in the United States. The company has a P/E ratio of 29.00.

TheStreet Ratings rates Sanderson Farms 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, growth in earnings per share, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sanderson Farms Ratings Report now.

MarkWest Energy Partners

Owners of MarkWest Energy Partners (NYSE: MWE) shares as of market close today will be eligible for a dividend of 84 cents per share. At a price of $70.62 as of 9:36 a.m. ET, the dividend yield is 4.9%.

The average volume for MarkWest Energy Partners has been 690,700 shares per day over the past 30 days. MarkWest Energy Partners has a market cap of $9.0 billion and is part of the energy industry. Shares are up 37.6% 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.

Markwest Energy Partners, L.P., together with its subsidiaries, engages in the gathering, processing, and transportation of natural gas the United States. The company has a P/E ratio of 48.22.

TheStreet Ratings rates MarkWest Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins 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 MarkWest Energy Partners Ratings Report now.

Bank Bradesco

Owners of Bank Bradesco (NYSE: BBD) shares as of market close today will be eligible for a dividend of 1 cents per share. At a price of $12.39 as of 9:36 a.m. ET, the dividend yield is 3.2%.

The average volume for Bank Bradesco has been 9.3 million shares per day over the past 30 days. Bank Bradesco has a market cap of $52.4 billion and is part of the banking industry. Shares are down 29.6% 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.

The company has a P/E ratio of 21.51.

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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