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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 or Stephanie Link.

Tomorrow, Wednesday, May 14, 2014, 4:00 AM ET, 59 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 10.9%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cohen & Steers Select Preferred & Income

Owners of

Cohen & Steers Select Preferred & Income

(NYSE:

PSF

) shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $25.83 as of 9:39 a.m. ET, the dividend yield is 8%.

The average volume for Cohen & Steers Select Preferred & Income has been 44,000 shares per day over the past 30 days. Cohen & Steers Select Preferred & Income has a market cap of $308.6 million and is part of the financial services industry. Shares are up 4.2% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Black Hills

Owners of

TheStreet Recommends

Black Hills

(NYSE:

BKH

) shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $57.36 as of 9:43 a.m. ET, the dividend yield is 2.7%.

The average volume for Black Hills has been 246,600 shares per day over the past 30 days. Black Hills has a market cap of $2.5 billion and is part of the utilities industry. Shares are up 9% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Black Hills Corporation, through its subsidiaries, operates as a diversified energy company in the United States. The company has a P/E ratio of 20.93.

TheStreet Ratings rates

Black Hills

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Black Hills Ratings Report

now.

Apartment Investment & Management Company

Owners of

Apartment Investment & Management Company

(NYSE:

AIV

) shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $31.74 as of 9:46 a.m. ET, the dividend yield is 3.3%.

The average volume for Apartment Investment & Management Company has been 1.4 million shares per day over the past 30 days. Apartment Investment & Management Company has a market cap of $4.6 billion and is part of the real estate industry. Shares are up 21.8% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Apartment Investment and Management Company is a real estate investment trust. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties. The company has a P/E ratio of 42.57.

TheStreet Ratings rates

Apartment Investment & Management Company

as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

Apartment Investment & Management Company 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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