5 Stocks Going Ex-Dividend Tomorrow: NYMT, DRH, CPT, CP, AXLL

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:

New York Mortgage

Owners of New York Mortgage (NASDAQ: NYMT) shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $7.56 as of 9:36 a.m. ET, the dividend yield is 14.6%.

The average volume for New York Mortgage has been 1.1 million shares per day over the past 30 days. New York Mortgage has a market cap of $367.4 million and is part of the real estate industry. Shares are up 18.2% year to date as of the close of trading on Friday.

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New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the Untied States. The company has a P/E ratio of 6.86. Currently there are 2 analysts that rate New York Mortgage a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates New York Mortgage as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full New York Mortgage Ratings Report now.

Diamondrock Hospitality Company

Owners of Diamondrock Hospitality Company (NYSE: DRH) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $9.06 as of 9:34 a.m. ET, the dividend yield is 3.4%.

The average volume for Diamondrock Hospitality Company has been 1.9 million shares per day over the past 30 days. Diamondrock Hospitality Company has a market cap of $1.8 billion and is part of the real estate industry. Shares are up 1.3% year to date as of the close of trading on Friday.

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DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. Currently there are 3 analysts that rate Diamondrock Hospitality Company a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Diamondrock Hospitality Company as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. You can view the full Diamondrock Hospitality Company Ratings Report now.

Camden Property

Owners of Camden Property (NYSE: CPT) shares as of market close today will be eligible for a dividend of 63 cents per share. At a price of $70.14 as of 9:35 a.m. ET, the dividend yield is 3.6%.

The average volume for Camden Property has been 505,500 shares per day over the past 30 days. Camden Property has a market cap of $5.9 billion and is part of the real estate industry. Shares are up 1.5% 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.

Camden Property Trust is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities. The company has a P/E ratio of 36.99. Currently there are 7 analysts that rate Camden Property a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Camden Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. 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 Camden Property Ratings Report now.

Canadian Pacific Railway

Owners of Canadian Pacific Railway (NYSE: CP) shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $127.35 as of 9:35 a.m. ET, the dividend yield is 1.1%.

The average volume for Canadian Pacific Railway has been 788,200 shares per day over the past 30 days. Canadian Pacific Railway has a market cap of $22.4 billion and is part of the transportation industry. Shares are up 24.1% 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.

Canadian Pacific Railway Limited, through its subsidiaries, operates as a transcontinental railway providing freight transportation services, logistics solutions, and supply chain expertise in Canada and the United States. The company has a P/E ratio of 45.78. Currently there are 4 analysts that rate Canadian Pacific Railway a buy, 2 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Canadian Pacific Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Canadian Pacific Railway Ratings Report now.

Axiall

Owners of Axiall (NYSE: AXLL) shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $62.80 as of 9:37 a.m. ET, the dividend yield is 0.5%.

The average volume for Axiall has been 2.9 million shares per day over the past 30 days. Axiall has a market cap of $4.5 billion and is part of the chemicals industry. Shares are up 51.4% 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.

Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia. The company has a P/E ratio of 18.74. Currently there are 2 analysts that rate Axiall a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Axiall as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Axiall 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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