Tomorrow, Friday, February 26, 2016, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 36.2%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Tekla Healthcare Investors

Owners of

Tekla Healthcare Investors

(NYSE:

HQH

) shares, as of market close today, will be eligible for a dividend of 61 cents per share. At a price of $23.50 as of 9:37 a.m. ET, the dividend yield is 10.5%.

The average volume for Tekla Healthcare Investors has been 162,500 shares per day over the past 30 days. Tekla Healthcare Investors has a market cap of $878.2 million and is part of the financial services industry. Shares are down 21.2% year-to-date as of the close of trading on Wednesday.

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Cathay General Bancorp

Owners of

Cathay General Bancorp

(NASDAQ:

CATY

) shares, as of market close today, will be eligible for a dividend of 18 cents per share. At a price of $26.70 as of 9:36 a.m. ET, the dividend yield is 2.7%.

The average volume for Cathay General Bancorp has been 622,600 shares per day over the past 30 days. Cathay General Bancorp has a market cap of $2.2 billion and is part of the banking industry. Shares are down 15.3% year-to-date as of the close of trading on Wednesday.

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Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. The company has a P/E ratio of 13.42.

TheStreet Ratings rates

Cathay General Bancorp

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Cathay General Bancorp Ratings Report

now.

Loews

Owners of

Loews

(NYSE:

L

) shares, as of market close today, will be eligible for a dividend of 6 cents per share. At a price of $36.33 as of 9:37 a.m. ET, the dividend yield is 0.7%.

The average volume for Loews has been 1.5 million shares per day over the past 30 days. Loews has a market cap of $12.4 billion and is part of the insurance industry. Shares are down 5.8% year-to-date as of the close of trading on Wednesday.

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Loews Corporation, through its subsidiaries, operates as a commercial property and casualty insurance company primarily in the United States. The company has a P/E ratio of 50.69.

TheStreet Ratings rates

Loews

as a

hold

. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and feeble growth in the company's earnings per share. You can view the full

Loews 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.