8 Notable Stocks Trading Ex-Dividend Friday, July 29

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 July 29, 2016.

• Fidelity Southern Corporation LION - $0.1200 dividend, 2.9073 percent yield
• Rice Midstream Partners LP RMP - $0.2235 dividend, 4.5335 percent yield
• Apple Hospitality REIT Inc APLE - $0.1000 dividend, 5.9880 percent yield
• Blueknight Energy Partners L.P. BKEP - $0.1450 dividend, 9.6346 percent yield
• Tesoro Logistics LP TLLP - $0.8420 dividend, 6.7698 percent yield
• Pacific Continental Corporation PCBK - $0.1100 dividend, 2.6764 percent yield
• Waste Connections Inc WCN - $0.1450 dividend, 0.7900 percent yield
• Targa Resources Corp TRGP - $0.9100 dividend, 8.8093 percent yield