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.

Monday, Monday, April 20, 2015, 11 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.3% to 9.6%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Monday:

Miller/Howard High Income Equity Fund

Owners of

Miller/Howard High Income Equity Fund

(NYSE:

HIE

) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $18.75 as of 9:32 a.m. ET, the dividend yield is 7.6%.

The average volume for Miller/Howard High Income Equity Fund has been 51,300 shares per day over the past 30 days. Miller/Howard High Income Equity Fund has a market cap of $224.2 million and is part of the financial services industry. Shares are down 7.6% year-to-date as of the close of trading on Thursday.

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Winnebago Industries

Owners of

Winnebago Industries

(NYSE:

WGO

) shares, as of market close today, will be eligible for a dividend of 9 cents per share. At a price of $21.40 as of 9:41 a.m. ET, the dividend yield is 1.7%.

The average volume for Winnebago Industries has been 507,900 shares per day over the past 30 days. Winnebago Industries has a market cap of $582.8 million and is part of the automotive industry. Shares are down 1.2% year-to-date as of the close of trading on Thursday.

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Winnebago Industries, Inc. manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. The company has a P/E ratio of 13.78.

TheStreet Ratings rates

Winnebago Industries

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Winnebago Industries Ratings Report

now.

Pier 1 Imports

Owners of

Pier 1 Imports

(NYSE:

PIR

) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $13.25 as of 9:41 a.m. ET, the dividend yield is 2.1%.

The average volume for Pier 1 Imports has been 3.2 million shares per day over the past 30 days. Pier 1 Imports has a market cap of $1.2 billion and is part of the specialty retail industry. Shares are down 13.5% year-to-date as of the close of trading on Thursday.

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Pier 1 Imports, Inc. is engaged in the retail sale of decorative home furnishings, furniture, gifts, and related products. The company has a P/E ratio of 16.23.

TheStreet Ratings rates

Pier 1 Imports

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full

Pier 1 Imports 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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