Ex-Dividend Alert: 4 Stocks Going Ex-Dividend Tomorrow: ATO, APO, RHI, HFC

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. 22, 2013, 12 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% 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:

Atmos Energy

Owners of Atmos Energy (NYSE: ATO) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $41.36 as of 9:36 a.m. ET, the dividend yield is 3.4%.

The average volume for Atmos Energy has been 415,100 shares per day over the past 30 days. Atmos Energy has a market cap of $3.7 billion and is part of the utilities industry. Shares are up 18.6% year to date as of the close of trading on Tuesday.

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Atmos Energy Corporation, together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Natural Gas Distribution, Regulated Transmission and Storage, and Non Regulated. The company has a P/E ratio of 17.01.

TheStreet Ratings rates Atmos Energy 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, compelling growth in net income, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Atmos Energy Ratings Report now.

Apollo Global Management

At a price of $28.63 as of 9:36 a.m. ET, the dividend yield is 11.7%.

The average volume for Apollo Global Management has been 1.1 million shares per day over the past 30 days. Apollo Global Management has a market cap of $4.1 billion and is part of the financial services industry. Shares are up 64.1% year to date as of the close of trading on Tuesday.

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Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to pension and endowment funds, institutional investors, individual investors, pooled investment vehicles, and corporations. The company has a P/E ratio of 7.79.

TheStreet Ratings rates Apollo Global Management as a sell. The area that we feel has been the company's primary weakness has been its poor profit margins. You can view the full Apollo Global Management Ratings Report now.

Robert Half International

Owners of Robert Half International (NYSE: RHI) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $37.49 as of 9:36 a.m. ET, the dividend yield is 1.7%.

The average volume for Robert Half International has been 1.0 million shares per day over the past 30 days. Robert Half International has a market cap of $5.2 billion and is part of the diversified services 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.

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company has a P/E ratio of 22.24.

TheStreet Ratings rates Robert Half International 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, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Robert Half International Ratings Report now.

HollyFrontier

Owners of HollyFrontier (NYSE: HFC) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $45.02 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for HollyFrontier has been 3.0 million shares per day over the past 30 days. HollyFrontier has a market cap of $8.8 billion and is part of the energy industry. Shares are down 1.4% 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.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. The company has a P/E ratio of 5.66.

TheStreet Ratings rates HollyFrontier 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, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full HollyFrontier 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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