Tomorrow, Tuesday, December 29, 2015, 166 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 17.2%. All of these stocks can be found on our

stocks going ex-dividend

section of our

dividend calendar

.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Manhattan Bridge Capital

Owners of

Manhattan Bridge Capital

(NASDAQ:

LOAN

) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $4.52 as of 9:36 a.m. ET, the dividend yield is 7.6%.

The average volume for Manhattan Bridge Capital has been 18,100 shares per day over the past 30 days. Manhattan Bridge Capital has a market cap of $32.5 million and is part of the financial services industry. Shares are up 11.7% year-to-date as of the close of trading on Thursday.

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Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company has a P/E ratio of 14.06.

TheStreet Ratings rates

Manhattan Bridge Capital

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Manhattan Bridge Capital Ratings Report

now.

Eaton Vance Senior Income

Owners of

Eaton Vance Senior Income

(NYSE:

EVF

) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $5.75 as of 9:35 a.m. ET, the dividend yield is 7.3%.

The average volume for Eaton Vance Senior Income has been 119,600 shares per day over the past 30 days. Eaton Vance Senior Income has a market cap of $217.0 million and is part of the financial services industry. Shares are down 8.2% year-to-date as of the close of trading on Thursday.

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The company has a P/E ratio of 8.19.

Blackstone / GSO Strategic Credit Fund

Owners of

Blackstone / GSO Strategic Credit Fund

(NYSE:

BGB

) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $13.62 as of 9:35 a.m. ET, the dividend yield is 9.2%.

The average volume for Blackstone / GSO Strategic Credit Fund has been 267,500 shares per day over the past 30 days. Blackstone / GSO Strategic Credit Fund has a market cap of $610.1 million and is part of the financial services industry. Shares are down 17.1% year-to-date as of the close of trading on Thursday.

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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.