5 Stocks Going Ex-Dividend Tomorrow: NKA, CHE, BSBR, ROK, SNDK

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. 8, 2013, 26 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.1% to 11.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Niska Gas Storage Partners

Owners of Niska Gas Storage Partners (NYSE: NKA) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $14.87 as of 9:33 a.m. ET, the dividend yield is 9.6%.

The average volume for Niska Gas Storage Partners has been 89,200 shares per day over the past 30 days. Niska Gas Storage Partners has a market cap of $502.2 million and is part of the utilities industry. Shares are up 36.7% year to date as of the close of trading on Tuesday.

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Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America. The company has a P/E ratio of 104.00.

TheStreet Ratings rates Niska Gas Storage Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full Niska Gas Storage Partners Ratings Report now.

Chemed Corporation

Owners of Chemed Corporation (NYSE: CHE) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $72.15 as of 9:34 a.m. ET, the dividend yield is 1.1%.

The average volume for Chemed Corporation has been 300,600 shares per day over the past 30 days. Chemed Corporation has a market cap of $1.4 billion and is part of the health services industry. Shares are up 5.7% year to date as of the close of trading on Tuesday.

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Chemed Corporation, through its subsidiaries, operates in the healthcare, and repair and maintenance fields in the United States. The company operates in two segments, Vitas and Roto-Rooter. The company has a P/E ratio of 16.55.

TheStreet Ratings rates Chemed Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, 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 Chemed Corporation Ratings Report now.

Banco Santander Brasil SA/Brazil

Owners of Banco Santander Brasil SA/Brazil (NYSE: BSBR) shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $5.81 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for Banco Santander Brasil SA/Brazil has been 5.3 million shares per day over the past 30 days. Banco Santander Brasil SA/Brazil has a market cap of $22.6 billion and is part of the banking industry. Shares are down 19.2% year to date as of the close of trading on Tuesday.

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

Rockwell Automation

Owners of Rockwell Automation (NYSE: ROK) shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $98.90 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Rockwell Automation has been 834,700 shares per day over the past 30 days. Rockwell Automation has a market cap of $14.0 billion and is part of the industrial industry. Shares are up 18.3% year to date as of the close of trading on Tuesday.

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

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. The company has a P/E ratio of 18.71.

TheStreet Ratings rates Rockwell Automation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. 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 Rockwell Automation Ratings Report now.

SanDisk

Owners of SanDisk (NASDAQ: SNDK) shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $57.68 as of 9:36 a.m. ET, the dividend yield is 1.6%.

The average volume for SanDisk has been 4.7 million shares per day over the past 30 days. SanDisk has a market cap of $13.8 billion and is part of the computer hardware industry. Shares are up 32.8% year to date as of the close of trading on Tuesday.

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

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. The company has a P/E ratio of 19.66.

TheStreet Ratings rates SanDisk 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, increase in net income, good cash flow from operations and expanding profit margins. 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 SanDisk 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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