Tomorrow, Tuesday, July 12, 2016, 6 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.9% to 11.5%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Harvest Capital Credit

Owners of

Harvest Capital Credit

(NASDAQ:

HCAP

) shares, as of market close today, will be eligible for a dividend of 11 cents per share. At a price of $13.06 as of 9:32 a.m. ET, the dividend yield is 10.6%.

The average volume for Harvest Capital Credit has been 29,600 shares per day over the past 30 days. Harvest Capital Credit has a market cap of $80.3 million and is part of the financial services industry. Shares are up 11.1% year-to-date as of the close of trading on Friday.

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Harvest Capital Credit LLC is a business development company providing structured credit to small businesses. The company has a P/E ratio of 8.29.

TheStreet Ratings rates

Harvest Capital Credit

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Harvest Capital Credit Ratings Report

now.

PennyMac Mortgage Investment

Owners of

PennyMac Mortgage Investment

(NYSE:

PMT

) shares, as of market close today, will be eligible for a dividend of 47 cents per share. At a price of $16.51 as of 9:36 a.m. ET, the dividend yield is 11.5%.

The average volume for PennyMac Mortgage Investment has been 571,900 shares per day over the past 30 days. PennyMac Mortgage Investment has a market cap of $1.1 billion and is part of the real estate industry. Shares are up 8.4% year-to-date as of the close of trading on Friday.

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PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company operates in two segments, Correspondent Production and Investment Activities. The company has a P/E ratio of 12.58.

TheStreet Ratings rates

PennyMac Mortgage Investment

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full

PennyMac Mortgage Investment Ratings Report

now.

Clarcor

Owners of

Clarcor

(NYSE:

CLC

) shares, as of market close today, will be eligible for a dividend of 22 cents per share. At a price of $60.86 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Clarcor has been 260,800 shares per day over the past 30 days. Clarcor has a market cap of $2.9 billion and is part of the industrial industry. Shares are up 23.3% year-to-date as of the close of trading on Friday.

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CLARCOR Inc. provides filtration products, filtration systems, and services worldwide. The company has a P/E ratio of 20.62.

TheStreet Ratings rates

Clarcor

as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Clarcor 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.