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:

Ellington Residential Mortgage REIT

Owners of

Ellington Residential Mortgage REIT

(NYSE:

EARN

) shares, as of market close today, will be eligible for a dividend of 55 cents per share. At a price of $16.82 as of 9:37 a.m. ET, the dividend yield is 13.1%.

The average volume for Ellington Residential Mortgage REIT has been 52,100 shares per day over the past 30 days. Ellington Residential Mortgage REIT has a market cap of $153.8 million and is part of the real estate industry. Shares are up 3% year-to-date as of the close of trading on Wednesday.

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No company description available. The company has a P/E ratio of 9.50.

TheStreet Ratings rates

Ellington Residential Mortgage REIT

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and generally disappointing historical performance in the stock itself. You can view the full

Ellington Residential Mortgage REIT Ratings Report

now.

Chatham Lodging

Owners of

Chatham Lodging

(NYSE:

CLDT

) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $29.22 as of 9:41 a.m. ET, the dividend yield is 4%.

The average volume for Chatham Lodging has been 377,100 shares per day over the past 30 days. Chatham Lodging has a market cap of $1.2 billion and is part of the real estate industry. Shares are up 0.8% year-to-date as of the close of trading on Wednesday.

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Chatham Lodging Trust was formed as a Maryland real estate investment trust (REIT) on October 26, 2009. The Company is internally-managed and was organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The company has a P/E ratio of 13.20.

TheStreet Ratings rates

Chatham Lodging

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Chatham Lodging Ratings Report

now.

Post Properties

Owners of

Post Properties

(NYSE:

PPS

) shares, as of market close today, will be eligible for a dividend of 40 cents per share. At a price of $57.01 as of 9:41 a.m. ET, the dividend yield is 2.8%.

The average volume for Post Properties has been 474,200 shares per day over the past 30 days. Post Properties has a market cap of $3.2 billion and is part of the real estate industry. Shares are down 2.6% year-to-date as of the close of trading on Wednesday.

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Post Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily develops, owns, and manages multi-family apartment communities. Post Properties, Inc. was founded in 1971 and is based in Atlanta, Georgia. The company has a P/E ratio of 14.99.

TheStreet Ratings rates

Post Properties

as a

buy

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

Post Properties 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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