3 Stocks With Upcoming Ex-Dividend Dates: CPLP, WTFC, RGP

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, Tuesday, Aug. 5, 2014, 4:00 AM ET, 18 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 9.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Capital Product Partners

Owners of Capital Product Partners (NASDAQ: CPLP) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $11.10 as of 9:34 a.m. ET, the dividend yield is 8.4%.

The average volume for Capital Product Partners has been 221,700 shares per day over the past 30 days. Capital Product Partners has a market cap of $986.9 million and is part of the transportation industry. Shares are up 5.9% year-to-date as of the close of trading on Friday.

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Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company has a P/E ratio of 10.08.

TheStreet Ratings rates Capital Product Partners 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, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Capital Product Partners Ratings Report now.

Wintrust Financial

Owners of Wintrust Financial (NASDAQ: WTFC) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $45.95 as of 9:36 a.m. ET, the dividend yield is 0.9%.

The average volume for Wintrust Financial has been 245,900 shares per day over the past 30 days. Wintrust Financial has a market cap of $2.2 billion and is part of the banking industry. Shares are down 1.2% year-to-date as of the close of trading on Friday.

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Wintrust Financial Corporation, through its subsidiaries, provides banking and other financial products and services to customers in the Chicago metropolitan area and in southeastern Wisconsin. The company operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The company has a P/E ratio of 16.26.

TheStreet Ratings rates Wintrust Financial as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, expanding profit margins and reasonable valuation levels. 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 Wintrust Financial Ratings Report now.

Regency Energy Partners

Owners of Regency Energy Partners (NYSE: RGP) shares, as of market close today, will be eligible for a dividend of 49 cents per share. At a price of $30.20 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for Regency Energy Partners has been 796,400 shares per day over the past 30 days. Regency Energy Partners has a market cap of $10.8 billion and is part of the energy industry. Shares are up 16.4% year-to-date as of the close of trading on Friday.

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Regency Energy Partners LP is engaged in the gathering and processing, compression, treating, and transportation of natural gas; and the transportation, fractionation, and storage of natural gas liquids (NGLs). The company has a P/E ratio of 131.17.

TheStreet Ratings rates Regency Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, 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 shows low profit margins. You can view the full Regency Energy Partners 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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