3 Stocks Going Ex-Dividend Tomorrow: GMLP, MKTX, WPZ

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.

Tomorrow, Tuesday, May 05, 2015, 26 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 14.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Golar LNG Partners

Owners of Golar LNG Partners (NASDAQ: GMLP) shares, as of market close today, will be eligible for a dividend of 58 cents per share. At a price of $29.49 as of 9:35 a.m. ET, the dividend yield is 7.9%.

The average volume for Golar LNG Partners has been 214,900 shares per day over the past 30 days. Golar LNG Partners has a market cap of $1.3 billion and is part of the transportation industry. Shares are down 7.2% year-to-date as of the close of trading on Friday.

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Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers primarily in the Brazil, the United Arab Emirates, and Indonesia. As of April 25, 2014, its fleet consisted of five FSRUs and four LNG carriers. The company has a P/E ratio of 12.64.

TheStreet Ratings rates Golar LNG Partners as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Golar LNG Partners Ratings Report now.

MarketAxess Holdings

Owners of MarketAxess Holdings (NASDAQ: MKTX) shares, as of market close today, will be eligible for a dividend of 20 cents per share. At a price of $84.99 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for MarketAxess Holdings has been 209,200 shares per day over the past 30 days. MarketAxess Holdings has a market cap of $3.2 billion and is part of the financial services industry. Shares are up 18.5% year-to-date as of the close of trading on Friday.

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Marketaxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. The company has a P/E ratio of 39.75.

TheStreet Ratings rates MarketAxess Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. 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 MarketAxess Holdings Ratings Report now.

Williams Partners

Owners of Williams Partners (NYSE: WPZ) shares, as of market close today, will be eligible for a dividend of 85 cents per share. At a price of $50.36 as of 9:37 a.m. ET, the dividend yield is 6.9%.

The average volume for Williams Partners has been 1.5 million shares per day over the past 30 days. Williams Partners has a market cap of $29.0 billion and is part of the energy industry. Shares are down 7.4% year-to-date as of the close of trading on Friday.

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The company has a P/E ratio of 63.33.

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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