Thursday's Ex-Dividends To Watch: GLOP, STL, SXL

Thursday, Thursday, August 04, 2016, 32 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 14.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Thursday:

GasLog Partners

Owners of GasLog Partners (NYSE: GLOP) shares, as of market close today, will be eligible for a dividend of 48 cents per share. At a price of $21.00 as of 4:02 p.m. ET, the dividend yield is 9.2%.

The average volume for GasLog Partners has been 95,300 shares per day over the past 30 days. GasLog Partners has a market cap of $659.8 million and is part of the energy industry. Shares are up 54.7% 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.

GasLog Partners LP acquires, owns, and operates liquefied natural gas (LNG) carriers. The company provides LNG transportation services under long-term charters worldwide. As of February 16, 2016, it had a fleet of eight LNG carriers. The company was founded in 2014 and is based in Monaco. The company has a P/E ratio of 8.14.

TheStreet Ratings rates GasLog Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and feeble growth in its earnings per share. You can view the full GasLog Partners Ratings Report now.

Sterling Bancorp

Owners of Sterling Bancorp (NYSE: STL) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $16.85 as of 4:02 p.m. ET, the dividend yield is 1.6%.

The average volume for Sterling Bancorp has been 712,000 shares per day over the past 30 days. Sterling Bancorp has a market cap of $2.2 billion and is part of the banking industry. Shares are up 4.1% 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.

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company has a P/E ratio of 28.78.

TheStreet Ratings rates Sterling Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Sterling Bancorp Ratings Report now.

Sunoco Logistics Partners

Owners of Sunoco Logistics Partners (NYSE: SXL) shares, as of market close today, will be eligible for a dividend of 50 cents per share. At a price of $27.73 as of 4:02 p.m. ET, the dividend yield is 7%.

The average volume for Sunoco Logistics Partners has been 1.0 million shares per day over the past 30 days. Sunoco Logistics Partners has a market cap of $8.4 billion and is part of the energy industry. Shares are up 12.4% 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.

Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). The company has a P/E ratio of 40.77.

TheStreet Ratings rates Sunoco Logistics Partners as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, good cash flow from operations, impressive record of earnings per share growth 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 Sunoco Logistics 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

Trump vs. the Federal Reserve: Don't Expect 15% Inflation and Soaring Rates

Trump vs. the Federal Reserve: Don't Expect 15% Inflation and Soaring Rates

Jim Cramer on Trade: I'm Constantly Worried About China

Jim Cramer on Trade: I'm Constantly Worried About China

Trump, the Fed, Kohl's, Nvidia and Amazon - 5 Things You Must Know

Trump, the Fed, Kohl's, Nvidia and Amazon - 5 Things You Must Know

Trump Slams Federal Reserve, Stocks Hardly React

Trump Slams Federal Reserve, Stocks Hardly React

How Alibaba Earnings and Jerome Powell's Jackson Hole Speech Could Move Markets

How Alibaba Earnings and Jerome Powell's Jackson Hole Speech Could Move Markets