Wednesday's Ex-Dividends To Watch: CELP, CPLP, PNFP

Wednesday, Wednesday, August 03, 2016, 39 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1% to 18.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Wednesday:

Cypress Energy Partners

Owners of Cypress Energy Partners (NYSE: CELP) shares, as of market close today, will be eligible for a dividend of 41 cents per share. At a price of $11.86 as of 4:02 p.m. ET, the dividend yield is 14.8%.

The average volume for Cypress Energy Partners has been 34,600 shares per day over the past 30 days. Cypress Energy Partners has a market cap of $130.5 million and is part of the energy industry. Shares are up 28.3% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and environmental services in North America. The company operates in three segments: Pipeline Inspection Services (PIS), Integrity Services (IS), and Water and Environmental Services (W&ES). The company has a P/E ratio of 84.77.

TheStreet Ratings rates Cypress Energy Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income, poor profit margins, weak operating cash flow and generally high debt management risk. You can view the full Cypress Energy Partners Ratings Report now.

Capital Product Partners

Owners of Capital Product Partners (NASDAQ: CPLP) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $3.62 as of 4:00 p.m. ET, the dividend yield is 7.9%.

The average volume for Capital Product Partners has been 903,400 shares per day over the past 30 days. Capital Product Partners has a market cap of $468.1 million and is part of the transportation industry. Shares are down 31.7% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company has a P/E ratio of 10.03.

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

Pinnacle Financial Partners

Owners of Pinnacle Financial Partners (NASDAQ: PNFP) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $52.41 as of 4:00 p.m. ET, the dividend yield is 1%.

The average volume for Pinnacle Financial Partners has been 250,500 shares per day over the past 30 days. Pinnacle Financial Partners has a market cap of $2.3 billion and is part of the banking industry. Shares are up 3.4% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company has a P/E ratio of 19.94.

TheStreet Ratings rates Pinnacle Financial Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Pinnacle Financial 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.

More from Markets

IBM, Microsoft, Papa John's and UnitedHealth - 5 Things You Must Know

IBM, Microsoft, Papa John's and UnitedHealth - 5 Things You Must Know

Alcoa Warns Trump Tariffs Will Hit Profits as it Lowers Full Year Forecast

Alcoa Warns Trump Tariffs Will Hit Profits as it Lowers Full Year Forecast

Global Stocks Drift Lower as Trade War Jitters Offset Earnings Season Optimism

Global Stocks Drift Lower as Trade War Jitters Offset Earnings Season Optimism

SAP Boosts Forecasts as Cloud Sales Impress; Microsoft Earnings In Focus

SAP Boosts Forecasts as Cloud Sales Impress; Microsoft Earnings In Focus

TSMC Trims Full Year Sales Forecast as Crypto Mining, Smartphone Demand Wanes

TSMC Trims Full Year Sales Forecast as Crypto Mining, Smartphone Demand Wanes