10 Notable Stocks Trading Ex-Dividend Tuesday, August 16

It’s critical to know whether a stock you plan on buying has an ex-dividend status, because in case it does, the dividend would be paid out to the seller. The person who owns the stock on the ex-dividend date will be awarded the payment, which means that you’ll have to wait for the next dividend cycle to receive your first dividend payout from the company.

On the other hand, share prices typically decline just after the ex-dividend date is declared, and usually by an amount equal to the expected dividend. So, this may give you the opportunity to identify a good entry point. If you’re planning on selling shares on or after the ex-dividend date, you'll receive the dividend payout from the company.

Here is the list of stocks going ex-dividend on Tuesday.

• FreightCar America, Inc. RAIL - $0.0900 dividend, 2.4862 percent yield
• Alaska Air Group, Inc. ALK - $0.2750 dividend, 1.6897 percent yield
• Southwest Airlines Co LUV - $0.1000 dividend, 1.0672 percent yield
• Kindred Healthcare, Inc. KND - $0.1200 dividend, 4.2972 percent yield
• Phillips 66 PSX - $0.6300 dividend, 3.3049 percent yield
• Carlisle Companies, Inc. CSL - $0.3500 dividend, 1.3352 percent yield
• MSA Safety Incorporated MSA - $0.3300 dividend, 2.3597 percent yield
• ResMed Inc. RMD - $0.3300 dividend, 2.0091 percent yield
• BGC Partners, Inc. BGCP - $0.1600 dividend, 7.0099 percent yield
• Alon USA Partners LP ALDW - $0.1400 dividend, 6.1538 percent yield