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 28, 2014, 4:00 AM ET, 94 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 13.1%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Independence Realty

Owners of

Independence Realty

(AMEX:

IRT

) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $9.05 as of 9:45 a.m. ET, the dividend yield is 8%.

The average volume for Independence Realty has been 63,900 shares per day over the past 30 days. Independence Realty has a market cap of $160.0 million and is part of the real estate industry. Shares are up 8.2% year-to-date as of the close of trading on Friday.

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

The company has a P/E ratio of 29.10.

Stag Industrial

Owners of

Stag Industrial

(NYSE:

STAG

) shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $23.97 as of 9:44 a.m. ET, the dividend yield is 5.5%.

The average volume for Stag Industrial has been 401,700 shares per day over the past 30 days. Stag Industrial has a market cap of $1.3 billion and is part of the real estate industry. Shares are up 16.8% year-to-date as of the close of trading on Friday.

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

STAG Industrial, Inc. is a real estate investment trust. The firm invests in the real estate markets of United States. It is engaged in investment and management of real estate assets. STAG Industrial, Inc. was founded on July 21, 2010 and is based in Boston, Massachusetts.

TheStreet Ratings rates

Stag Industrial

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

Stag Industrial Ratings Report

now.

Cullen/Frost Bankers

Owners of

Cullen/Frost Bankers

(NYSE:

CFR

) shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $76.01 as of 9:45 a.m. ET, the dividend yield is 2.7%.

The average volume for Cullen/Frost Bankers has been 356,900 shares per day over the past 30 days. Cullen/Frost Bankers has a market cap of $4.6 billion and is part of the banking industry. Shares are up 1.2% year-to-date as of the close of trading on Friday.

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

Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking, and other financial products and services primarily in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. The company has a P/E ratio of 19.56.

TheStreet Ratings rates

Cullen/Frost Bankers

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Cullen/Frost Bankers 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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