4 Stocks Going Ex-Dividend Monday: CPLP, QRE, CYN, SCCO

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:

Capital Product Partners L.P

Owners of Capital Product Partners L.P (NASDAQ: CPLP) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $9.61 as of 9:36 a.m. ET, the dividend yield is 9.7%.

The average volume for Capital Product Partners L.P has been 189,900 shares per day over the past 30 days. Capital Product Partners L.P has a market cap of $898.0 million and is part of the transportation industry. Shares are up 45.1% year to date as of the close of trading on Thursday.

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Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece.

TheStreet Ratings rates Capital Product Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Capital Product Partners L.P Ratings Report now.

QR Energy

Owners of QR Energy (NYSE: QRE) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $17.31 as of 9:36 a.m. ET, the dividend yield is 11.1%.

The average volume for QR Energy has been 423,100 shares per day over the past 30 days. QR Energy has a market cap of $1.0 billion and is part of the energy industry. Shares are up 6.3% year to date as of the close of trading on Thursday.

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QR Energy, LP, through its subsidiary, QRE Operating, LLC, engages in the acquisition, exploitation, development, and production of oil and natural gas properties in the United States. The company has a P/E ratio of 50.34.

TheStreet Ratings rates QR Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full QR Energy Ratings Report now.

City National

Owners of City National (NYSE: CYN) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $70.24 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for City National has been 312,700 shares per day over the past 30 days. City National has a market cap of $3.8 billion and is part of the banking industry. Shares are up 40.4% 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.

City National Corporation operates as the bank holding company for City National Bank that provides various banking, trust, and investment services to small to mid-sized businesses, entrepreneurs, professionals, and individuals. The company has a P/E ratio of 17.83.

TheStreet Ratings rates City National as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, solid stock price performance, notable return on equity and increase in net income. 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 City National Ratings Report now.

Southern Copper Corporation

Owners of Southern Copper Corporation (NYSE: SCCO) shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $26.15 as of 9:37 a.m. ET, the dividend yield is 12.7%.

The average volume for Southern Copper Corporation has been 1.8 million shares per day over the past 30 days. Southern Copper Corporation has a market cap of $22.0 billion and is part of the metals & mining industry. Shares are down 31.1% 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.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. The company has a P/E ratio of 12.18.

TheStreet Ratings rates Southern Copper Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Southern Copper 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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