Tomorrow, Wednesday, June 08, 2016, 69 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.6%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Garrison Capital

Owners of

Garrison Capital

(NASDAQ:

GARS

) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $10.46 as of 9:39 a.m. ET, the dividend yield is 13.6%.

The average volume for Garrison Capital has been 43,200 shares per day over the past 30 days. Garrison Capital has a market cap of $167.3 million and is part of the financial services industry. Shares are down 14.5% year-to-date as of the close of trading on Monday.

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Garrison Capital Inc. is a business development company specializing in investments primarily in the debt and equity of middle market companies. The company has a P/E ratio of 14.15.

TheStreet Ratings rates

Garrison Capital

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

Garrison Capital Ratings Report

now.

UniFirst

Owners of

UniFirst

(NYSE:

UNF

) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $114.17 as of 9:37 a.m. ET, the dividend yield is 0.1%.

The average volume for UniFirst has been 104,900 shares per day over the past 30 days. UniFirst has a market cap of $2.3 billion and is part of the consumer non-durables industry. Shares are up 10.8% year-to-date as of the close of trading on Monday.

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UniFirst Corporation provides workplace uniforms and protective work wear clothing primarily in the United States, Canada, and Europe. It operates through US Rental and Cleaning; Canadian Rental and Cleaning; Manufacturing; Specialty Garments Rental and Cleaning; and First Aid segments. The company has a P/E ratio of 19.27.

TheStreet Ratings rates

UniFirst

as a

buy

. 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, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

UniFirst Ratings Report

now.

ITT

Owners of

ITT

(NYSE:

ITT

) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $36.36 as of 9:41 a.m. ET, the dividend yield is 1.4%.

The average volume for ITT has been 607,600 shares per day over the past 30 days. ITT has a market cap of $3.2 billion and is part of the industrial industry. Shares are down 0.5% year-to-date as of the close of trading on Monday.

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ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies. The company has a P/E ratio of 10.24.

TheStreet Ratings rates

ITT

as a

buy

. 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, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

ITT 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.