Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: WHZ, TROX, BGC, AWK, UPS

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. 15, 2013, 28 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 40%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Whiting USA Trust II

Owners of Whiting USA Trust II (NYSE: WHZ) shares as of market close today will be eligible for a dividend of 74 cents per share. At a price of $13.77 as of 9:34 a.m. ET, the dividend yield is 21.3%.

The average volume for Whiting USA Trust II has been 119,500 shares per day over the past 30 days. Whiting USA Trust II has a market cap of $255.8 million and is part of the energy industry. Shares are down 9.3% year to date as of the close of trading on Tuesday.

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The company has a P/E ratio of 5.33.

Tronox

Owners of Tronox (NYSE: TROX) shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $22.94 as of 9:36 a.m. ET, the dividend yield is 4.4%.

The average volume for Tronox has been 630,600 shares per day over the past 30 days. Tronox has a market cap of $1.4 billion and is part of the chemicals industry. Shares are up 25.1% year to date as of the close of trading on Tuesday.

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Tronox Limited produces and markets titanium ore and titanium dioxide in the Americas, Europe, and the Asia-Pacific. It offers titanium dioxide pigment, which is used in consumer products, such as paint, plastic, and certain specialty products.

TheStreet Ratings rates Tronox as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally high debt management risk and generally disappointing historical performance in the stock itself. You can view the full Tronox Ratings Report now.

General Cable Corporation

Owners of General Cable Corporation (NYSE: BGC) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $32.28 as of 9:34 a.m. ET, the dividend yield is 2.2%.

The average volume for General Cable Corporation has been 640,400 shares per day over the past 30 days. General Cable Corporation has a market cap of $1.6 billion and is part of the industrial industry. Shares are up 6.1% year to date as of the close of trading on Tuesday.

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General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products worldwide.

TheStreet Ratings rates General Cable Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including poor profit margins, deteriorating net income and feeble growth in the company's earnings per share. You can view the full General Cable Corporation Ratings Report now.

American Water Works

Owners of American Water Works (NYSE: AWK) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $42.50 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for American Water Works has been 863,800 shares per day over the past 30 days. American Water Works has a market cap of $7.6 billion and is part of the utilities industry. Shares are up 14.8% year to date as of the close of trading on Tuesday.

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American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company's Regulated Businesses segment offers water and wastewater services to approximately 1,500 communities in 16 states. The company has a P/E ratio of 20.76.

TheStreet Ratings rates American Water Works as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. 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 American Water Works Ratings Report now.

United Parcel Service Inc (UPS) Class B

Owners of United Parcel Service Inc (UPS) Class B (NYSE: UPS) shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $87.56 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for United Parcel Service Inc (UPS) Class B has been 3.4 million shares per day over the past 30 days. United Parcel Service Inc (UPS) Class B has a market cap of $63.3 billion and is part of the transportation industry. Shares are up 19% 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.

United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain and Freight. The U.S. The company has a P/E ratio of 98.62.

TheStreet Ratings rates United Parcel Service Inc (UPS) Class B 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 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 United Parcel Service Inc (UPS) Class B 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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