5 Stocks Going Ex-Dividend Tomorrow: NMM, SXL, FII, LUV, SBUX

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. 6, 2013, 13 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 11.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Navios Maritime Partners L.P

Owners of Navios Maritime Partners L.P (NYSE: NMM) shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $15.18 as of 9:36 a.m. ET, the dividend yield is 11.7%.

The average volume for Navios Maritime Partners L.P has been 308,800 shares per day over the past 30 days. Navios Maritime Partners L.P has a market cap of $986.4 million and is part of the transportation industry. Shares are up 23.2% year to date as of the close of trading on Friday.

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

Navios Maritime Partners L.P. engages in the ownership and operation of dry cargo vessels in Europe, Asia, North America, and Australia. The company has a P/E ratio of 9.75.

TheStreet Ratings rates Navios Maritime Partners L.P 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, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Navios Maritime Partners L.P Ratings Report now.

Sunoco Logistics Partners

Owners of Sunoco Logistics Partners (NYSE: SXL) shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $60.95 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Sunoco Logistics Partners has been 235,600 shares per day over the past 30 days. Sunoco Logistics Partners has a market cap of $6.4 billion and is part of the energy industry. Shares are up 22.7% year to date as of the close of trading on Friday.

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

Sunoco Logistics Partners L.P. engages in the transport, terminalling, and storage of crude oil and refined products in the United States. The company operates in four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Refined Products Pipelines. The company has a P/E ratio of 11.32.

TheStreet Ratings rates Sunoco Logistics Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, reasonable valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Sunoco Logistics Partners Ratings Report now.

Federated Investors

Owners of Federated Investors (NYSE: FII) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $29.26 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Federated Investors has been 863,700 shares per day over the past 30 days. Federated Investors has a market cap of $3.1 billion and is part of the financial services industry. Shares are up 45.2% year to date as of the close of trading on Friday.

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

Federated Investors, Inc. is a publicly owned asset management holding company. The company has a P/E ratio of 16.51.

TheStreet Ratings rates Federated Investors as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance 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 Federated Investors Ratings Report now.

Southwest Airlines

Owners of Southwest Airlines (NYSE: LUV) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $14.17 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Southwest Airlines has been 7.0 million shares per day over the past 30 days. Southwest Airlines has a market cap of $10.0 billion and is part of the transportation industry. Shares are up 38.6% year to date as of the close of trading on Friday.

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

Southwest Airlines Co. operates passenger airlines that provide scheduled air transportation services in the United States. As of December 31, 2012, the company operated 694 aircraft, including 606 Boeing 737 aircraft and 88 Boeing 717 aircraft. The company has a P/E ratio of 27.31.

TheStreet Ratings rates Southwest Airlines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Southwest Airlines Ratings Report now.

Starbucks Corporation

Owners of Starbucks Corporation (NASDAQ: SBUX) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $74.12 as of 9:36 a.m. ET, the dividend yield is 1.1%.

The average volume for Starbucks Corporation has been 4.7 million shares per day over the past 30 days. Starbucks Corporation has a market cap of $55.2 billion and is part of the leisure industry. Shares are up 38.4% year to date as of the close of trading on Friday.

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

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. The company has a P/E ratio of 35.16.

TheStreet Ratings rates Starbucks Corporation 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, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. 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 Starbucks 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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