Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: EVEP, AHL, KKR

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, Wednesday, May 7, 2014, 4:00 AM ET, 44 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 9.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

EV Energy Partners

Owners of EV Energy Partners (NASDAQ: EVEP) shares as of market close today will be eligible for a dividend of 77 cents per share. At a price of $35.56 as of 9:36 a.m. ET, the dividend yield is 8.7%.

The average volume for EV Energy Partners has been 203,700 shares per day over the past 30 days. EV Energy Partners has a market cap of $1.7 billion and is part of the energy industry. Shares are up 5.3% 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.

EV Energy Partners, L.P. is engaged in the acquisition, development, and production of oil and natural gas properties in the United States. The company operates in two segments, Exploration and Production, and Midstream.

TheStreet Ratings rates EV Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full EV Energy Partners Ratings Report now.

Aspen Insurance Holdings

Owners of Aspen Insurance Holdings (NYSE: AHL) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $45.80 as of 9:35 a.m. ET, the dividend yield is 1.8%.

The average volume for Aspen Insurance Holdings has been 592,900 shares per day over the past 30 days. Aspen Insurance Holdings has a market cap of $3.0 billion and is part of the insurance industry. Shares are up 10.7% 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.

Aspen Insurance Holdings Limited, through its subsidiaries, operates in insurance and reinsurance businesses worldwide. The company has a P/E ratio of 9.77.

TheStreet Ratings rates Aspen Insurance Holdings 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, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. 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 Aspen Insurance Holdings Ratings Report now.

KKR

Owners of KKR (NYSE: KKR) shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $22.95 as of 9:36 a.m. ET, the dividend yield is 6.8%.

The average volume for KKR has been 2.6 million shares per day over the past 30 days. KKR has a market cap of $6.6 billion and is part of the financial services industry. Shares are down 5.6% 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.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, distressed, and middle market investments. The company has a P/E ratio of 10.16.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, expanding profit margins 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 KKR 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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