Tomorrow, Wednesday, March 30, 2016, 27 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.7% 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:

InterContinental Hotels Group

Owners of

InterContinental Hotels Group

(NYSE:

IHG

) shares, as of market close today, will be eligible for a dividend of 56 cents per share. At a price of $39.65 as of 9:37 a.m. ET, the dividend yield is 2.1%.

The average volume for InterContinental Hotels Group has been 273,100 shares per day over the past 30 days. InterContinental Hotels Group has a market cap of $9.3 billion and is part of the leisure industry. Shares are up 2.6% year-to-date as of the close of trading on Monday.

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The company has a P/E ratio of 7.84.

Corrections Corp of America

Owners of

Corrections Corp of America

(NYSE:

CXW

) shares, as of market close today, will be eligible for a dividend of 54 cents per share. At a price of $32.23 as of 9:37 a.m. ET, the dividend yield is 6.8%.

The average volume for Corrections Corp of America has been 807,000 shares per day over the past 30 days. Corrections Corp of America has a market cap of $3.7 billion and is part of the real estate industry. Shares are up 21.3% year-to-date as of the close of trading on Monday.

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Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 17.00.

TheStreet Ratings rates

Corrections Corp of America

as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, notable return on equity, reasonable valuation levels and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Corrections Corp of America Ratings Report

now.

CubeSmart

Owners of

CubeSmart

(NYSE:

CUBE

) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $33.09 as of 9:37 a.m. ET, the dividend yield is 2.6%.

The average volume for CubeSmart has been 1.5 million shares per day over the past 30 days. CubeSmart has a market cap of $5.7 billion and is part of the real estate industry. Shares are up 6.7% year-to-date as of the close of trading on Monday.

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CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities in the United States. The company has a P/E ratio of 75.53.

TheStreet Ratings rates

CubeSmart

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins. You can view the full

CubeSmart 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.