Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: HGT, AKR, CLNY - TheStreet

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.

Tomorrow, Friday, March 27, 2015, 128 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 102.3%. 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 2 cents per share. At a price of $6.21 as of 9:36 a.m. ET, the dividend yield is 17.1%.

The average volume for Hugoton Royalty has been 231,400 shares per day over the past 30 days. Hugoton Royalty has a market cap of $234.0 million and is part of the energy industry. Shares are down 29.2% year-to-date as of the close of trading on Wednesday.

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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 5.47.

TheStreet Ratings rates

Hugoton Royalty

as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Hugoton Royalty Ratings Report

now.

Acadia Realty

Owners of

Acadia Realty

(NYSE:

AKR

) shares, as of market close today, will be eligible for a dividend of 24 cents per share. At a price of $34.96 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for Acadia Realty has been 390,800 shares per day over the past 30 days. Acadia Realty has a market cap of $2.4 billion and is part of the real estate industry. Shares are up 8.9% year-to-date as of the close of trading on Wednesday.

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Acadia Realty Trust, a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties in the United States. The company has a P/E ratio of 30.00.

TheStreet Ratings rates

Acadia Realty

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Acadia Realty Ratings Report

now.

Colony Financial

Owners of

Colony Financial

(NYSE:

CLNY

) shares, as of market close today, will be eligible for a dividend of 37 cents per share. At a price of $26.11 as of 9:36 a.m. ET, the dividend yield is 5.6%.

The average volume for Colony Financial has been 1.1 million shares per day over the past 30 days. Colony Financial has a market cap of $2.9 billion and is part of the real estate industry. Shares are up 9.4% year-to-date as of the close of trading on Wednesday.

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Colony Financial, Inc., a commercial real estate and investment management company, acquires, originates, and manages a portfolio of real estate-related debt and equity investments in North America and Europe. The company has a P/E ratio of 25.97.

TheStreet Ratings rates

Colony Financial

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full

Colony 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.

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