Tomorrow, Friday, May 27, 2016, 50 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 11.1%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Universal Forest Products

Owners of

Universal Forest Products

(NASDAQ:

UFPI

) shares, as of market close today, will be eligible for a dividend of 42 cents per share. At a price of $83.07 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Universal Forest Products has been 150,100 shares per day over the past 30 days. Universal Forest Products has a market cap of $1.7 billion and is part of the materials & construction industry. Shares are up 22.4% year-to-date as of the close of trading on Wednesday.

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Universal Forest Products, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products for home centers and other retailers. The company has a P/E ratio of 18.92.

TheStreet Ratings rates

Universal Forest Products

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full

Universal Forest Products Ratings Report

now.

Sinclair Broadcast Group

Owners of

Sinclair Broadcast Group

(NASDAQ:

SBGI

) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $30.56 as of 9:41 a.m. ET, the dividend yield is 2.4%.

The average volume for Sinclair Broadcast Group has been 858,500 shares per day over the past 30 days. Sinclair Broadcast Group has a market cap of $2.9 billion and is part of the media industry. Shares are down 5.9% year-to-date as of the close of trading on Wednesday.

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Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company has a P/E ratio of 17.05.

TheStreet Ratings rates

Sinclair Broadcast Group

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. You can view the full

Sinclair Broadcast Group Ratings Report

now.

BorgWarner

Owners of

BorgWarner

(NYSE:

BWA

) shares, as of market close today, will be eligible for a dividend of 13 cents per share. At a price of $33.67 as of 9:41 a.m. ET, the dividend yield is 1.6%.

The average volume for BorgWarner has been 1.9 million shares per day over the past 30 days. BorgWarner has a market cap of $7.2 billion and is part of the automotive industry. Shares are down 22.1% year-to-date as of the close of trading on Wednesday.

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BorgWarner Inc. develops, manufactures, and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company has a P/E ratio of 12.36.

TheStreet Ratings rates

BorgWarner

as a

buy

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

BorgWarner 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.