4 Stocks Going Ex-Dividend Tomorrow: CUZ, BCS, AA, BP

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. 7, 2013, 32 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 7.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cousins Properties

Owners of Cousins Properties (NYSE: CUZ) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $10.32 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Cousins Properties has been 1.6 million shares per day over the past 30 days. Cousins Properties has a market cap of $1.2 billion and is part of the real estate industry. Shares are up 23.2% year to date as of the close of trading on Monday.

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Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. The company has a P/E ratio of 17.34.

TheStreet Ratings rates Cousins Properties as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels 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 Cousins Properties Ratings Report now.

Barclays

Owners of Barclays (NYSE: BCS) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $17.48 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Barclays has been 2.6 million shares per day over the past 30 days. Barclays has a market cap of $56.2 billion and is part of the banking industry. Shares are up 0.8% year to date as of the close of trading on Monday.

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The company has a P/E ratio of 10.53.

Alcoa

Owners of Alcoa (NYSE: AA) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $7.98 as of 9:35 a.m. ET, the dividend yield is 1.5%.

The average volume for Alcoa has been 16.1 million shares per day over the past 30 days. Alcoa has a market cap of $8.5 billion and is part of the metals & mining industry. Shares are down 7.8% year to date as of the close of trading on Monday.

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

Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 61.31.

TheStreet Ratings rates Alcoa as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Alcoa Ratings Report now.

BP

Owners of BP (NYSE: BP) shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $41.89 as of 9:35 a.m. ET, the dividend yield is 5.2%.

The average volume for BP has been 5.2 million shares per day over the past 30 days. BP has a market cap of $132.4 billion and is part of the energy industry. Shares are up 0.8% year to date as of the close of trading on Monday.

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

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. The company has a P/E ratio of 419.30.

TheStreet Ratings rates BP as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full BP 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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