5 Stocks Going Ex-Dividend Tomorrow: ARI, CLNY, KRC, BEN, PXD

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Tomorrow, March 26, 2013, 78 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 14.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Apollo Commercial Real Estate Finance

Owners of Apollo Commercial Real Estate Finance (NYSE: ARI) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $17.25 as of 9:36 a.m. ET, the dividend yield is 9.4%.

The average volume for Apollo Commercial Real Estate Finance has been 492,800 shares per day over the past 30 days. Apollo Commercial Real Estate Finance has a market cap of $478.5 million and is part of the real estate industry. Shares are up 4.9% year to date as of the close of trading on Friday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Apollo Commercial Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. The company has a P/E ratio of 10.40. Currently there are 5 analysts that rate Apollo Commercial Real Estate Finance a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Apollo Commercial Real Estate Finance as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Apollo Commercial Real Estate Finance Ratings Report now.

Colony Financial

Owners of Colony Financial (NYSE: CLNY) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $22.47 as of 9:36 a.m. ET, the dividend yield is 6.2%.

The average volume for Colony Financial has been 798,200 shares per day over the past 30 days. Colony Financial has a market cap of $1.5 billion and is part of the real estate industry. Shares are up 14.7% year to date as of the close of trading on Friday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Colony Financial, Inc. operates as a real estate finance and investment company that focuses primarily on acquiring, originating, and managing commercial mortgage loans, and other commercial real estate-related debt investments. The company has a P/E ratio of 17.08. Currently there are 3 analysts that rate Colony Financial a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Colony Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Colony Financial Ratings Report now.

Kilroy Realty Corporation

Owners of Kilroy Realty Corporation (NYSE: KRC) shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $52.35 as of 9:35 a.m. ET, the dividend yield is 2.7%.

The average volume for Kilroy Realty Corporation has been 687,700 shares per day over the past 30 days. Kilroy Realty Corporation has a market cap of $3.9 billion and is part of the real estate industry. Shares are up 10.2% year to date as of the close of trading on Friday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Kilroy Realty Corporation is a privately owned real estate investment trust. The firm engages in investment, development, and management of properties. It invests in the real estate markets of Southern California. The company has a P/E ratio of 14.77. Currently there are 7 analysts that rate Kilroy Realty Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Kilroy Realty Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Kilroy Realty Corporation Ratings Report now.

Franklin Resources

Owners of Franklin Resources (NYSE: BEN) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $149.14 as of 9:35 a.m. ET, the dividend yield is 0.8%.

The average volume for Franklin Resources has been 729,200 shares per day over the past 30 days. Franklin Resources has a market cap of $31.7 billion and is part of the financial services industry. Shares are up 17.1% year to date as of the close of trading on Friday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The company has a P/E ratio of 16.26. Currently there are 9 analysts that rate Franklin Resources a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Franklin Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and expanding profit margins. 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 Franklin Resources Ratings Report now.

Pioneer Natural Resources Company

Owners of Pioneer Natural Resources Company (NYSE: PXD) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $123.04 as of 9:35 a.m. ET, the dividend yield is 0.1%.

The average volume for Pioneer Natural Resources Company has been 1.8 million shares per day over the past 30 days. Pioneer Natural Resources Company has a market cap of $15.4 billion and is part of the energy industry. Shares are up 14.3% year to date as of the close of trading on Friday.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States and South Africa. The company produces and sells oil, natural gas liquid (NGL), and gas. The company has a P/E ratio of 116.32. Currently there are 15 analysts that rate Pioneer Natural Resources Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Pioneer Natural Resources Company 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.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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