Tomorrow, Thursday, January 07, 2016, 10 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 1.3% to 9.1%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Tribune Publishing

Owners of

Tribune Publishing

(NYSE:

TPUB

) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $8.91 as of 9:36 a.m. ET, the dividend yield is 7.8%.

The average volume for Tribune Publishing has been 160,100 shares per day over the past 30 days. Tribune Publishing has a market cap of $236.6 million and is part of the media industry. Shares are down 1.4% year-to-date as of the close of trading on Tuesday.

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Tribune Publishing Company, a multiplatform media and marketing solutions company, publishes and operates newspapers for audiences and advertisers.

TheStreet Ratings rates

Tribune Publishing

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, poor profit margins and weak operating cash flow. You can view the full

Tribune Publishing Ratings Report

now.

Universal

Owners of

Universal

(NYSE:

UVV

) shares, as of market close today, will be eligible for a dividend of 53 cents per share. At a price of $55.24 as of 9:37 a.m. ET, the dividend yield is 3.8%.

The average volume for Universal has been 197,300 shares per day over the past 30 days. Universal has a market cap of $1.3 billion and is part of the tobacco industry. Shares are down 1.4% year-to-date as of the close of trading on Tuesday.

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Universal Corporation operates as a leaf tobacco merchant and processor worldwide. It engages in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. The company has a P/E ratio of 13.47.

TheStreet Ratings rates

Universal

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full

Universal Ratings Report

now.

Waddell & Reed Financial

Owners of

Waddell & Reed Financial

(NYSE:

WDR

) shares, as of market close today, will be eligible for a dividend of 46 cents per share. At a price of $26.95 as of 9:37 a.m. ET, the dividend yield is 6.5%.

The average volume for Waddell & Reed Financial has been 901,800 shares per day over the past 30 days. Waddell & Reed Financial has a market cap of $2.3 billion and is part of the financial services industry. Shares are down 2.1% year-to-date as of the close of trading on Tuesday.

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Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company has a P/E ratio of 8.98.

TheStreet Ratings rates

Waddell & Reed Financial

as a

hold

. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full

Waddell & Reed Financial 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.