Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Tomorrow, Friday, March 27, 2015, 128 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 102.3%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cross Timbers Royalty

Owners of

Cross Timbers Royalty

(NYSE:

CRT

) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $20.41 as of 9:40 a.m. ET, the dividend yield is 12.3%.

The average volume for Cross Timbers Royalty has been 29,200 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $116.2 million and is part of the energy industry. Shares are up 15.1% year-to-date as of the close of trading on Wednesday.

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Cross Timbers Royalty Trust operates as an express trust in the United States. The company's function is to collect and distribute monthly net profits income from royalty interests and overriding royalty interests to unit holders. The company has a P/E ratio of 7.04.

TheStreet Ratings rates

Cross Timbers Royalty

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Cross Timbers Royalty Ratings Report

now.

Blackstone Mortgage

Owners of

Blackstone Mortgage

(NYSE:

BXMT

) shares, as of market close today, will be eligible for a dividend of 52 cents per share. At a price of $28.47 as of 9:41 a.m. ET, the dividend yield is 7.3%.

The average volume for Blackstone Mortgage has been 315,900 shares per day over the past 30 days. Blackstone Mortgage has a market cap of $1.7 billion and is part of the real estate industry. Shares are down 2.9% year-to-date as of the close of trading on Wednesday.

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Blackstone Mortgage Trust, Inc., a real estate finance company, originates and purchases senior loans collateralized by properties in North America and Europe. It operates through two segments, Loan Origination and CT Legacy Portfolio. The company has a P/E ratio of 15.24.

TheStreet Ratings rates

Blackstone Mortgage

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 stock has had a generally disappointing performance in the past year. You can view the full

Blackstone Mortgage Ratings Report

now.

Pebblebrook Hotel

Owners of

Pebblebrook Hotel

(NYSE:

PEB

) shares, as of market close today, will be eligible for a dividend of 31 cents per share. At a price of $45.95 as of 9:41 a.m. ET, the dividend yield is 2.6%.

The average volume for Pebblebrook Hotel has been 497,100 shares per day over the past 30 days. Pebblebrook Hotel has a market cap of $3.4 billion and is part of the real estate industry. Shares are up 0.9% year-to-date as of the close of trading on Wednesday.

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Pebblebrook Hotel Trust, through Pebblebrook Hotel, L.P., operates as a real estate investment trust. The company acquires and invests primarily in hotel properties located in the United States. The company has a P/E ratio of 67.08.

TheStreet Ratings rates

Pebblebrook Hotel

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Pebblebrook Hotel 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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