Tomorrow's Ex-Dividends To Watch: BBEP, WRI, PFG

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, Thursday, June 04, 2015, 9 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% 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:

BreitBurn Energy Partners

Owners of BreitBurn Energy Partners (NASDAQ: BBEP) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $5.32 as of 9:51 a.m. ET, the dividend yield is 9.4%.

The average volume for BreitBurn Energy Partners has been 2.1 million shares per day over the past 30 days. BreitBurn Energy Partners has a market cap of $1.1 billion and is part of the energy industry. Shares are down 24% year-to-date as of the close of trading on Tuesday.

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Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States. The company has a P/E ratio of 1.89.

TheStreet Ratings rates BreitBurn Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full BreitBurn Energy Partners Ratings Report now.

Weingarten Realty Investors

Owners of Weingarten Realty Investors (NYSE: WRI) shares, as of market close today, will be eligible for a dividend of 34 cents per share. At a price of $34.00 as of 9:52 a.m. ET, the dividend yield is 4%.

The average volume for Weingarten Realty Investors has been 666,000 shares per day over the past 30 days. Weingarten Realty Investors has a market cap of $4.3 billion and is part of the real estate industry. Shares are down 1.6% year-to-date as of the close of trading on Tuesday.

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Weingarten Realty Investors is a publically owned equity real estate investment trust. The firm invests in the real estate markets of United States. The firm engages in ownership, management, acquisition, development and redevelopment. The company has a P/E ratio of 16.43.

TheStreet Ratings rates Weingarten Realty Investors as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Weingarten Realty Investors Ratings Report now.

Principal Financial Group

Owners of Principal Financial Group (NYSE: PFG) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $52.72 as of 9:52 a.m. ET, the dividend yield is 2.9%.

The average volume for Principal Financial Group has been 1.3 million shares per day over the past 30 days. Principal Financial Group has a market cap of $15.2 billion and is part of the insurance industry. Shares are up 0.8% year-to-date as of the close of trading on Tuesday.

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Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The company has a P/E ratio of 12.63.

TheStreet Ratings rates Principal Financial Group 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 compelling growth in net income. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full Principal Financial Group 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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