5 Stocks Going Ex-Dividend Tomorrow: ATAX, FR, SRC, ARE, AVB

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, June 26, 2013, 94 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 17.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

America First Tax Exempt Investors L.P

Owners of America First Tax Exempt Investors L.P (NASDAQ: ATAX) shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $6.60 as of 9:30 a.m. ET, the dividend yield is 7.3%.

The average volume for America First Tax Exempt Investors L.P has been 142,000 shares per day over the past 30 days. America First Tax Exempt Investors L.P has a market cap of $293.0 million and is part of the real estate industry. Shares are up 2.7% year to date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

America First Tax Exempt Investors, L.P. engages in acquiring, holding, selling, and dealing with a portfolio of federally tax-exempt mortgage revenue bonds, which have been issued to provide construction and/or permanent financing of multifamily residential apartments. The company has a P/E ratio of 32.62.

TheStreet Ratings rates America First Tax Exempt Investors L.P as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full America First Tax Exempt Investors L.P Ratings Report now.

First Industrial Realty

Owners of First Industrial Realty (NYSE: FR) shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $14.34 as of 9:36 a.m. ET, the dividend yield is 2.3%.

The average volume for First Industrial Realty has been 833,000 shares per day over the past 30 days. First Industrial Realty has a market cap of $1.6 billion and is part of the real estate industry. Shares are up 1.3% year to date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

First Industrial Realty Trust Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial properties. The firm owns, manages, acquires, sells, develops, and redevelops industrial real estate.

TheStreet Ratings rates First Industrial Realty as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. You can view the full First Industrial Realty Ratings Report now.

Spirit Realty Capital

Owners of Spirit Realty Capital (NYSE: SRC) shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $17.77 as of 9:36 a.m. ET, the dividend yield is 7%.

The average volume for Spirit Realty Capital has been 1.3 million shares per day over the past 30 days. Spirit Realty Capital has a market cap of $1.5 billion and is part of the real estate industry. Shares are up 0.2% year to date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

You can view the full Spirit Realty Capital Ratings Report now.

Alexandria Real Estate Equities

Owners of Alexandria Real Estate Equities (NYSE: ARE) shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $63.11 as of 9:35 a.m. ET, the dividend yield is 4.1%.

The average volume for Alexandria Real Estate Equities has been 673,900 shares per day over the past 30 days. Alexandria Real Estate Equities has a market cap of $4.5 billion and is part of the real estate industry. Shares are down 9.6% year to date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has a P/E ratio of 53.30.

TheStreet Ratings rates Alexandria Real Estate Equities as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Alexandria Real Estate Equities Ratings Report now.

AvalonBay Communities

At a price of $134.33 as of 9:36 a.m. ET, the dividend yield is 3.3%.

The average volume for AvalonBay Communities has been 884,200 shares per day over the past 30 days. AvalonBay Communities has a market cap of $17.0 billion and is part of the real estate industry. Shares are down 1.5% year to date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The company has a P/E ratio of 64.55.

TheStreet Ratings rates AvalonBay Communities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth 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 AvalonBay Communities 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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