Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: USAC, NGL, OKE

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, Thursday, July 31, 2014, 4:00 AM ET, 24 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 8.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

USA Compression Partners

Owners of USA Compression Partners (NYSE: USAC) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $26.00 as of 9:41 a.m. ET, the dividend yield is 7.8%.

The average volume for USA Compression Partners has been 198,900 shares per day over the past 30 days. USA Compression Partners has a market cap of $618.1 million and is part of the energy industry. Shares are down 3.4% 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.

USA Compression Partners, LP provides natural gas compression services under term contracts with customers in the oil and gas industry in the United States. The company has a P/E ratio of 73.29.

TheStreet Ratings rates USA Compression Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its relatively poor performance when compared with the S&P 500 during the past year and generally high debt management risk. You can view the full USA Compression Partners Ratings Report now.

NGL Energy Partners

Owners of NGL Energy Partners (NYSE: NGL) shares, as of market close today, will be eligible for a dividend of 59 cents per share. At a price of $44.78 as of 9:41 a.m. ET, the dividend yield is 5.3%.

The average volume for NGL Energy Partners has been 404,900 shares per day over the past 30 days. NGL Energy Partners has a market cap of $3.3 billion and is part of the energy industry. Shares are up 29.9% 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.

NGL Energy Partners LP, through its subsidiaries, is primarily engaged in the crude oil logistics, water solutions, liquids, and retail propane businesses in the United States. It operates through Crude Oil Logistics, Water Solutions, Liquids, and Retail Propane segments. The company has a P/E ratio of 87.57.

TheStreet Ratings rates NGL Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance and growth in earnings per share. 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 NGL Energy Partners Ratings Report now.

ONEOK

Owners of ONEOK (NYSE: OKE) shares, as of market close today, will be eligible for a dividend of 58 cents per share. At a price of $66.97 as of 9:41 a.m. ET, the dividend yield is 3.4%.

The average volume for ONEOK has been 967,500 shares per day over the past 30 days. ONEOK has a market cap of $14.0 billion and is part of the utilities industry. Shares are up 7.5% 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.

ONEOK, Inc. operates as a diversified energy company in the United States. The company has a P/E ratio of 46.78.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 ONEOK 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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