TL;DR version:

For the simple case of:

• I have a text column with a delimiter and I want two columns

The simplest solution is:

df[['A', 'B']] = df['AB'].str.split(' ', n=1, expand=True)

You must use expand=True if your strings have a non-uniform number of splits and you want None to replace the missing values.

Notice how, in either case, the .tolist() method is not necessary. Neither is zip().

In detail:

Andy Hayden's solution is most excellent in demonstrating the power of the str.extract() method.

But for a simple split over a known separator (like, splitting by dashes, or splitting by whitespace), the .str.split() method is enough¹. It operates on a column (Series) of strings, and returns a column (Series) of lists:

>>> import pandas as pd
>>> df = pd.DataFrame({'AB': ['A1-B1', 'A2-B2']})
>>> df

      AB
0  A1-B1
1  A2-B2
>>> df['AB_split'] = df['AB'].str.split('-')
>>> df

      AB  AB_split
0  A1-B1  [A1, B1]
1  A2-B2  [A2, B2]

1: If you're unsure what the first two parameters of .str.split() do, I recommend the docs for the plain Python version of the method.

But how do you go from:

• a column containing two-element lists

to:

• two columns, each containing the respective element of the lists?

Well, we need to take a closer look at the .str attribute of a column.

It's a magical object that is used to collect methods that treat each element in a column as a string, and then apply the respective method in each element as efficient as possible:

>>> upper_lower_df = pd.DataFrame({"U": ["A", "B", "C"]})
>>> upper_lower_df

   U
0  A
1  B
2  C
>>> upper_lower_df["L"] = upper_lower_df["U"].str.lower()
>>> upper_lower_df

   U  L
0  A  a
1  B  b
2  C  c

But it also has an "indexing" interface for getting each element of a string by its index:

>>> df['AB'].str[0]

0    A
1    A
Name: AB, dtype: object

>>> df['AB'].str[1]

0    1
1    2
Name: AB, dtype: object

Of course, this indexing interface of .str doesn't really care if each element it's indexing is actually a string, as long as it can be indexed, so:

>>> df['AB'].str.split('-', 1).str[0]

0    A1
1    A2
Name: AB, dtype: object

>>> df['AB'].str.split('-', 1).str[1]

0    B1
1    B2
Name: AB, dtype: object

Then, it's a simple matter of taking advantage of the Python tuple unpacking of iterables to do

>>> df['A'], df['B'] = df['AB'].str.split('-', n=1).str
>>> df

      AB  AB_split   A   B
0  A1-B1  [A1, B1]  A1  B1
1  A2-B2  [A2, B2]  A2  B2

Of course, getting a DataFrame out of splitting a column of strings is so useful that the .str.split() method can do it for you with the expand=True parameter:

>>> df['AB'].str.split('-', n=1, expand=True)

    0   1
0  A1  B1
1  A2  B2

So, another way of accomplishing what we wanted is to do:

>>> df = df[['AB']]
>>> df

      AB
0  A1-B1
1  A2-B2

>>> df.join(df['AB'].str.split('-', n=1, expand=True).rename(columns={0:'A', 1:'B'}))

      AB   A   B
0  A1-B1  A1  B1
1  A2-B2  A2  B2

The expand=True version, although longer, has a distinct advantage over the tuple unpacking method. Tuple unpacking doesn't deal well with splits of different lengths:

>>> df = pd.DataFrame({'AB': ['A1-B1', 'A2-B2', 'A3-B3-C3']})
>>> df
         AB
0     A1-B1
1     A2-B2
2  A3-B3-C3
>>> df['A'], df['B'], df['C'] = df['AB'].str.split('-')
Traceback (most recent call last):
  [...]    
ValueError: Length of values does not match length of index
>>> 

But expand=True handles it nicely by placing None in the columns for which there aren't enough "splits":

>>> df.join(
...     df['AB'].str.split('-', expand=True).rename(
...         columns={0:'A', 1:'B', 2:'C'}
...     )
... )
         AB   A   B     C
0     A1-B1  A1  B1  None
1     A2-B2  A2  B2  None
2  A3-B3-C3  A3  B3    C3

You can use boolean indexing:

df = pd.DataFrame({'Sales':[10,20,30,40,50], 'A':[3,4,7,6,1]})
print (df)
   A  Sales
0  3     10
1  4     20
2  7     30
3  6     40
4  1     50

s = 30

df1 = df[df['Sales'] >= s]
print (df1)
   A  Sales
2  7     30
3  6     40
4  1     50

df2 = df[df['Sales'] < s]
print (df2)
   A  Sales
0  3     10
1  4     20

It's also possible to invert mask by ~:

mask = df['Sales'] >= s
df1 = df[mask]
df2 = df[~mask]
print (df1)
   A  Sales
2  7     30
3  6     40
4  1     50

print (df2)
   A  Sales
0  3     10
1  4     20

print (mask)
0    False
1    False
2     True
3     True
4     True
Name: Sales, dtype: bool

print (~mask)
0     True
1     True
2    False
3    False
4    False
Name: Sales, dtype: bool

Can I ask why not just do it by slicing the data frame. Something like

#create some data with Names column
data = pd.DataFrame({'Names': ['Joe', 'John', 'Jasper', 'Jez'] *4, 'Ob1' : np.random.rand(16), 'Ob2' : np.random.rand(16)})

#create unique list of names
UniqueNames = data.Names.unique()

#create a data frame dictionary to store your data frames
DataFrameDict = {elem : pd.DataFrame() for elem in UniqueNames}

for key in DataFrameDict.keys():
    DataFrameDict[key] = data[:][data.Names == key]

Hey presto you have a dictionary of data frames just as (I think) you want them. Need to access one? Just enter

DataFrameDict['Joe']