Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: VNR, HSH, IPG, FLR, BLK

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. 29, 2013, 34 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 8.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Vanguard Natural Resources

Owners of Vanguard Natural Resources (NASDAQ: VNR) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $27.85 as of 9:35 a.m. ET, the dividend yield is 8.9%.

The average volume for Vanguard Natural Resources has been 524,000 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $2.2 billion and is part of the energy industry. Shares are up 7.3% 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.

Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States.

TheStreet Ratings rates Vanguard Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, deteriorating net income and a generally disappointing performance in the stock itself. You can view the full Vanguard Natural Resources Ratings Report now.

Hillshire Brands

Owners of Hillshire Brands (NYSE: HSH) shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $32.26 as of 9:36 a.m. ET, the dividend yield is 2.2%.

The average volume for Hillshire Brands has been 1.2 million shares per day over the past 30 days. Hillshire Brands has a market cap of $4.0 billion and is part of the food & beverage industry. Shares are up 15.1% 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.

The Hillshire Brands Company engages in the manufacture and marketing of meat-centric food solutions for the retail and foodservice markets worldwide. The company has a P/E ratio of 21.68.

TheStreet Ratings rates Hillshire Brands as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and poor profit margins. You can view the full Hillshire Brands Ratings Report now.

Interpublic Group of Cos

Owners of Interpublic Group of Cos (NYSE: IPG) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $15.58 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Interpublic Group of Cos has been 4.4 million shares per day over the past 30 days. Interpublic Group of Cos has a market cap of $6.8 billion and is part of the media industry. Shares are up 42.1% 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.

The Interpublic Group of Companies, Inc., through its subsidiaries, provides advertising and marketing services worldwide. The company operates in two segments, Integrated Agency Networks and Constituency Management Group. The company has a P/E ratio of 18.40.

TheStreet Ratings rates Interpublic Group of Cos as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Interpublic Group of Cos Ratings Report now.

Fluor Corporation

Owners of Fluor Corporation (NYSE: FLR) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $64.26 as of 9:36 a.m. ET, the dividend yield is 1%.

The average volume for Fluor Corporation has been 1.5 million shares per day over the past 30 days. Fluor Corporation has a market cap of $10.8 billion and is part of the materials & construction industry. Shares are up 10.2% 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.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. The company has a P/E ratio of 23.33.

TheStreet Ratings rates Fluor Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Fluor Corporation Ratings Report now.

BlackRock

At a price of $258.89 as of 9:35 a.m. ET, the dividend yield is 2.5%.

The average volume for BlackRock has been 804,700 shares per day over the past 30 days. BlackRock has a market cap of $45.3 billion and is part of the financial services industry. Shares are up 25.3% 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.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. The company has a P/E ratio of 17.52.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, expanding profit margins and good cash flow from operations. 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 BlackRock 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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