4 Stocks Going Ex-Dividend Monday: ARLP, UAN, BRO, NYCB

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.

Monday, Aug. 5, 2013, 26 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 18.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Alliance Resource Partners

At a price of $75.11 as of 9:34 a.m. ET, the dividend yield is 6%.

The average volume for Alliance Resource Partners has been 71,600 shares per day over the past 30 days. Alliance Resource Partners has a market cap of $2.8 billion and is part of the metals & mining industry. Shares are up 31.8% year to date as of the close of trading on Thursday.

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

Alliance Resource Partners, L.P. engages in the production and marketing of coal primarily to utilities and industrial users in the United States. It operates 11 underground mining complexes in the Illinois Basin, central Appalachian, and northern Appalachian regions. The company has a P/E ratio of 11.46.

TheStreet Ratings rates Alliance Resource Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. 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 Alliance Resource Partners Ratings Report now.

CVR Partners

Owners of CVR Partners (NYSE: UAN) shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $22.37 as of 9:37 a.m. ET, the dividend yield is 10.5%.

The average volume for CVR Partners has been 456,300 shares per day over the past 30 days. CVR Partners has a market cap of $1.6 billion and is part of the chemicals industry. Shares are down 11% year to date as of the close of trading on Thursday.

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

CVR Partners, LP engages in the production, distribution, and marketing of nitrogen fertilizers in North America. Its nitrogen fertilizer products include ammonia and urea ammonium nitrate. CVR GP, LLC serves as the general partner of the company. The company has a P/E ratio of 13.76.

TheStreet Ratings rates CVR Partners as a hold. 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 and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full CVR Partners Ratings Report now.

Brown & Brown

Owners of Brown & Brown (NYSE: BRO) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $33.76 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Brown & Brown has been 740,400 shares per day over the past 30 days. Brown & Brown has a market cap of $4.8 billion and is part of the insurance industry. Shares are up 29.6% year to date as of the close of trading on Thursday.

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

Brown & Brown, Inc. engages in the marketing and sale of insurance products and services in the United States. Its Retail division provides insurance products and services to commercial, public and quasi-public entity, professional, and individual customers. The company has a P/E ratio of 23.56.

TheStreet Ratings rates Brown & Brown as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Brown & Brown Ratings Report now.

New York Community Bancorp

Owners of New York Community Bancorp (NYSE: NYCB) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $15.73 as of 9:38 a.m. ET, the dividend yield is 6.6%.

The average volume for New York Community Bancorp has been 3.2 million shares per day over the past 30 days. New York Community Bancorp has a market cap of $6.7 billion and is part of the banking industry. Shares are up 15.8% year to date as of the close of trading on Thursday.

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

New York Community Bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona. The company has a P/E ratio of 13.79.

TheStreet Ratings rates New York Community Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full New York Community Bancorp 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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