Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: WSR, WGP, PNW

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:

Whitestone REIT

Owners of Whitestone REIT (NYSE: WSR) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $15.81 as of 9:36 a.m. ET, the dividend yield is 7.2%.

The average volume for Whitestone REIT has been 198,400 shares per day over the past 30 days. Whitestone REIT has a market cap of $434.4 million and is part of the real estate industry. Shares are up 31.6% year-to-date as of the close of trading on Tuesday.

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WhiteStone REIT is a Maryland REIT engaged in owning and operating commercial properties in culturally diverse markets in major metropolitan areas. The company has a P/E ratio of 44.03.

TheStreet Ratings rates Whitestone REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Whitestone REIT Ratings Report now.

Western Gas Equity Partners

Owners of Western Gas Equity Partners (NYSE: WGP) shares, as of market close today, will be eligible for a dividend of 43 cents per share. At a price of $38.01 as of 9:36 a.m. ET, the dividend yield is 4.6%.

The average volume for Western Gas Equity Partners has been 499,600 shares per day over the past 30 days. Western Gas Equity Partners has a market cap of $8.2 billion and is part of the energy industry. Shares are up 2.7% year-to-date as of the close of trading on Tuesday.

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Western Gas Equity Partners, LP gathers, processes, compresses, treats, and transports natural gas, condensate, NGLs and crude oil primarily in the United States. The company has a P/E ratio of 25.32.

TheStreet Ratings rates Western Gas Equity Partners as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, 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 lackluster performance in the stock itself. You can view the full Western Gas Equity Partners Ratings Report now.

Pinnacle West Capital

Owners of Pinnacle West Capital (NYSE: PNW) shares, as of market close today, will be eligible for a dividend of 62 cents per share. At a price of $79.07 as of 9:36 a.m. ET, the dividend yield is 3.1%.

The average volume for Pinnacle West Capital has been 786,300 shares per day over the past 30 days. Pinnacle West Capital has a market cap of $8.9 billion and is part of the utilities industry. Shares are up 23.3% year-to-date as of the close of trading on Tuesday.

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Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The company has a P/E ratio of 21.07.

TheStreet Ratings rates Pinnacle West Capital as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Pinnacle West Capital 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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