3 Stocks Going Ex-Dividend Tomorrow: VOC, CQP, EWBC

Tomorrow, Thursday, July 28, 2016, 36 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% to 17.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

VOC Energy

Owners of VOC Energy (NYSE: VOC) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $3.36 as of 9:34 a.m. ET, the dividend yield is 10.2%.

The average volume for VOC Energy has been 33,600 shares per day over the past 30 days. VOC Energy has a market cap of $59.8 million and is part of the energy industry. Shares are up 36.6% year-to-date as of the close of trading on Tuesday.

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VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. It has an 80% term net profits interest of the net proceeds on the underlying properties. The company has a P/E ratio of 1.90.

TheStreet Ratings rates VOC Energy as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full VOC Energy Ratings Report now.

Cheniere Energy Partners

Owners of Cheniere Energy Partners (AMEX: CQP) shares, as of market close today, will be eligible for a dividend of 42 cents per share. At a price of $27.78 as of 9:35 a.m. ET, the dividend yield is 6.2%.

The average volume for Cheniere Energy Partners has been 197,900 shares per day over the past 30 days. Cheniere Energy Partners has a market cap of $9.3 billion and is part of the energy industry. Shares are up 5.5% year-to-date as of the close of trading on Tuesday.

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Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company has a P/E ratio of 275.10.

TheStreet Ratings rates Cheniere Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Cheniere Energy Partners Ratings Report now.

East West Bancorp

Owners of East West Bancorp (NASDAQ: EWBC) shares, as of market close today, will be eligible for a dividend of 20 cents per share. At a price of $35.14 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for East West Bancorp has been 1.0 million shares per day over the past 30 days. East West Bancorp has a market cap of $5.0 billion and is part of the banking industry. Shares are down 16% year-to-date as of the close of trading on Tuesday.

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East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals. The company has a P/E ratio of 12.65.

TheStreet Ratings rates East West Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, growth in earnings per share and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full East West Bancorp 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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