5 Stocks Going Ex-Dividend Tomorrow: EXLP, RGA, CNX, AEP, BA

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:

Exterran Partners L.P

Owners of Exterran Partners L.P (NASDAQ: EXLP) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $30.85 as of 9:35 a.m. ET, the dividend yield is 6.8%.

The average volume for Exterran Partners L.P has been 146,600 shares per day over the past 30 days. Exterran Partners L.P has a market cap of $1.5 billion and is part of the energy industry. Shares are up 50.4% 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.

Exterran Partners, L.P., together with its subsidiaries, provides natural gas contract operations services to customers in the United States. The company has a P/E ratio of 85.56.

TheStreet Ratings rates Exterran Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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 Exterran Partners L.P Ratings Report now.

Reinsurance Group of America

Owners of Reinsurance Group of America (NYSE: RGA) shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $68.22 as of 9:34 a.m. ET, the dividend yield is 1.8%.

The average volume for Reinsurance Group of America has been 529,600 shares per day over the past 30 days. Reinsurance Group of America has a market cap of $5.0 billion and is part of the insurance industry. Shares are up 27.9% 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.

Reinsurance Group of America, Incorporated engages in the life and health reinsurance business. The company has a P/E ratio of 7.34.

TheStreet Ratings rates Reinsurance Group of America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Reinsurance Group of America Ratings Report now.

Consol Energy

Owners of Consol Energy (NYSE: CNX) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $31.23 as of 9:36 a.m. ET, the dividend yield is 1.6%.

The average volume for Consol Energy has been 2.4 million shares per day over the past 30 days. Consol Energy has a market cap of $7.1 billion and is part of the metals & mining industry. Shares are down 2.6% 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.

CONSOL Energy Inc. produces coal and natural gas for energy and raw material markets in the United States, Canada, and western Europe. It operates in Coal and Gas divisions. The company has a P/E ratio of 56.40.

TheStreet Ratings rates Consol Energy as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Consol Energy Ratings Report now.

American Electric Power

Owners of American Electric Power (NYSE: AEP) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $46.26 as of 9:35 a.m. ET, the dividend yield is 4.2%.

The average volume for American Electric Power has been 3.6 million shares per day over the past 30 days. American Electric Power has a market cap of $22.7 billion and is part of the utilities industry. Shares are up 8.7% 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.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. The company has a P/E ratio of 18.71.

TheStreet Ratings rates American Electric Power 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 and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Electric Power Ratings Report now.

Boeing

Owners of Boeing (NYSE: BA) shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $107.23 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Boeing has been 5.7 million shares per day over the past 30 days. Boeing has a market cap of $81.4 billion and is part of the aerospace/defense industry. Shares are up 43.2% 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.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 19.73.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Boeing 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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