4 Stocks Going Ex-Dividend Monday: MMLP, PVR, CAKE, FE

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:

Martin Midstream Partners L.P

Owners of Martin Midstream Partners L.P (NASDAQ: MMLP) shares as of market close today will be eligible for a dividend of 78 cents per share. At a price of $44.76 as of 9:34 a.m. ET, the dividend yield is 6.9%.

The average volume for Martin Midstream Partners L.P has been 125,400 shares per day over the past 30 days. Martin Midstream Partners L.P has a market cap of $1.2 billion and is part of the energy industry. Shares are up 46.6% 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.

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company has a P/E ratio of 25.87.

TheStreet Ratings rates Martin Midstream Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Martin Midstream Partners L.P Ratings Report now.

PVR Partners

Owners of PVR Partners (NYSE: PVR) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $26.04 as of 9:37 a.m. ET, the dividend yield is 8.5%.

The average volume for PVR Partners has been 397,000 shares per day over the past 30 days. PVR Partners has a market cap of $2.5 billion and is part of the utilities industry. Shares are down 0.4% 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.

PVR Partners, L.P. engages in the gathering and processing of natural gas; and management of coal and natural resource properties in the United States. The company operates in three segments: Eastern Midstream, Midcontinent Midstream, and Coal and Natural Resource Management.

TheStreet Ratings rates PVR Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PVR Partners Ratings Report now.

Cheesecake Factory

Owners of Cheesecake Factory (NASDAQ: CAKE) shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $43.19 as of 9:35 a.m. ET, the dividend yield is 1.3%.

The average volume for Cheesecake Factory has been 620,900 shares per day over the past 30 days. Cheesecake Factory has a market cap of $2.3 billion and is part of the leisure industry. Shares are up 29.7% 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.

The Cheesecake Factory Incorporated owns and operates upscale, casual dining, full-service restaurants. The company has a P/E ratio of 22.22.

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

FirstEnergy

Owners of FirstEnergy (NYSE: FE) shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $38.29 as of 9:36 a.m. ET, the dividend yield is 5.8%.

The average volume for FirstEnergy has been 3.4 million shares per day over the past 30 days. FirstEnergy has a market cap of $15.9 billion and is part of the utilities industry. Shares are down 8.8% 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.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. The company has a P/E ratio of 24.09.

TheStreet Ratings rates FirstEnergy as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full FirstEnergy 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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