Tomorrow, Tuesday, December 29, 2015, 166 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 17.2%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Hugoton Royalty

Owners of

Hugoton Royalty

(NYSE:

HGT

) shares, as of market close today, will be eligible for a dividend of 1 cent per share. At a price of $1.75 as of 9:36 a.m. ET, the dividend yield is 10.8%.

The average volume for Hugoton Royalty has been 156,900 shares per day over the past 30 days. Hugoton Royalty has a market cap of $72.0 million and is part of the energy industry. Shares are down 78.7% year-to-date as of the close of trading on Thursday.

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Hugoton Royalty Trust operates as an express trust in the United States. The company holds an 80% net profits interests in certain natural gas producing working interest properties of XTO Energy Inc. XTO Energy Inc. The company has a P/E ratio of 1.68.

TheStreet Ratings rates

Hugoton Royalty

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and deteriorating net income. You can view the full

Hugoton Royalty Ratings Report

now.

Ares Commercial Real Estate

Owners of

Ares Commercial Real Estate

(NYSE:

ACRE

) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $11.90 as of 9:33 a.m. ET, the dividend yield is 8.4%.

The average volume for Ares Commercial Real Estate has been 120,300 shares per day over the past 30 days. Ares Commercial Real Estate has a market cap of $339.0 million and is part of the real estate industry. Shares are up 3.2% year-to-date as of the close of trading on Thursday.

TheStreet Recommends

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Ares Commercial Real Estate Corporation operates as a specialty finance company. The company operates in two segments, Principal Lending and Mortgage Banking. The company has a P/E ratio of 9.88.

TheStreet Ratings rates

Ares Commercial Real Estate

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 we feel that the company's cash flow from its operations has been weak overall. You can view the full

Ares Commercial Real Estate Ratings Report

now.

American Capital Mortgage Investment

Owners of

American Capital Mortgage Investment

(NASDAQ:

MTGE

) shares, as of market close today, will be eligible for a dividend of 40 cents per share. At a price of $14.64 as of 9:37 a.m. ET, the dividend yield is 10.9%.

The average volume for American Capital Mortgage Investment has been 564,300 shares per day over the past 30 days. American Capital Mortgage Investment has a market cap of $735.2 million and is part of the real estate industry. Shares are down 22% year-to-date as of the close of trading on Thursday.

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American Capital Mortgage Investment Corp. operates as a real estate investment trust (REIT) in the United States.

TheStreet Ratings rates

American Capital Mortgage Investment

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

American Capital Mortgage Investment 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.