Dividend Watch: 3 Stocks Going Ex-Dividend Wednesday: DKL, CEQP, KKR

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:

Delek Logistics Partners

Owners of Delek Logistics Partners (NYSE: DKL) shares, as of market close today, will be eligible for a dividend of 63 cents per share. At a price of $25.83 as of 4:01 p.m. ET, the dividend yield is 9.7%.

The average volume for Delek Logistics Partners has been 77,000 shares per day over the past 30 days. Delek Logistics Partners has a market cap of $630.5 million and is part of the energy industry. Shares are down 27.4% year-to-date as of the close of trading on Friday.

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Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The company has a P/E ratio of 10.26.

TheStreet Ratings rates Delek Logistics Partners as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations 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 and a generally disappointing performance in the stock itself. You can view the full Delek Logistics Partners Ratings Report now.

Crestwood Equity Partners

Owners of Crestwood Equity Partners (NYSE: CEQP) shares, as of market close today, will be eligible for a dividend of 60 cents per share. At a price of $21.35 as of 4:02 p.m. ET, the dividend yield is 11.3%.

The average volume for Crestwood Equity Partners has been 465,800 shares per day over the past 30 days. Crestwood Equity Partners has a market cap of $1.5 billion and is part of the energy industry. Shares are up 6.6% year-to-date as of the close of trading on Friday.

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Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing; Storage and Transportation; and Marketing, Supply, and Logistics.

TheStreet Ratings rates Crestwood Equity Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Crestwood Equity Partners Ratings Report now.

KKR

Owners of KKR (NYSE: KKR) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $14.55 as of 4:03 p.m. ET, the dividend yield is 4.4%.

The average volume for KKR has been 2.9 million shares per day over the past 30 days. KKR has a market cap of $6.6 billion and is part of the financial services industry. Shares are down 7.4% year-to-date as of the close of trading on Friday.

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KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.

TheStreet Ratings rates KKR as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full KKR 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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