5 Stocks Going Ex-Dividend Tomorrow: IRC, VNR, LRY, SLG, NLY

Tomorrow, June 27, 2013, 30 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 20.9%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Inland Real Estate Corporation

Owners of Inland Real Estate Corporation (NYSE: IRC) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $9.66 as of 9:35 a.m. ET, the dividend yield is 6.1%.

The average volume for Inland Real Estate Corporation has been 773,800 shares per day over the past 30 days. Inland Real Estate Corporation has a market cap of $930.8 million and is part of the real estate industry. Shares are up 14.2% year to date as of the close of trading on Tuesday.

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Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. The company has a P/E ratio of 78.00.

TheStreet Ratings rates Inland Real Estate Corporation as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Inland Real Estate Corporation Ratings Report now.

Vanguard Natural Resources

Owners of Vanguard Natural Resources (NASDAQ: VNR) shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $28.28 as of 9:35 a.m. ET, the dividend yield is 8.9%.

The average volume for Vanguard Natural Resources has been 610,900 shares per day over the past 30 days. Vanguard Natural Resources has a market cap of $2.1 billion and is part of the energy industry. Shares are up 6.1% year to date as of the close of trading on Tuesday.

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Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States.

TheStreet Ratings rates Vanguard Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Vanguard Natural Resources Ratings Report now.

Liberty Property

Owners of Liberty Property (NYSE: LRY) shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $36.10 as of 9:35 a.m. ET, the dividend yield is 5.5%.

The average volume for Liberty Property has been 797,900 shares per day over the past 30 days. Liberty Property has a market cap of $4.2 billion and is part of the real estate industry. Shares are down 2.7% year to date as of the close of trading on Tuesday.

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Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The company has a P/E ratio of 33.83.

TheStreet Ratings rates Liberty Property as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Liberty Property Ratings Report now.

SL Green Realty Corporation

Owners of SL Green Realty Corporation (NYSE: SLG) shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $87.02 as of 9:35 a.m. ET, the dividend yield is 1.6%.

The average volume for SL Green Realty Corporation has been 709,700 shares per day over the past 30 days. SL Green Realty Corporation has a market cap of $7.8 billion and is part of the real estate industry. Shares are up 11.7% year to date as of the close of trading on Tuesday.

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SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. The company has a P/E ratio of 68.98.

TheStreet Ratings rates SL Green Realty Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full SL Green Realty Corporation Ratings Report now.

Annaly Capital Management

Owners of Annaly Capital Management (NYSE: NLY) shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $13.02 as of 9:35 a.m. ET, the dividend yield is 12.9%.

The average volume for Annaly Capital Management has been 12.2 million shares per day over the past 30 days. Annaly Capital Management has a market cap of $11.8 billion and is part of the real estate industry. Shares are down 9.3% year to date as of the close of trading on Tuesday.

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Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investments in United States. The company has a P/E ratio of 7.36.

TheStreet Ratings rates Annaly Capital Management as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Annaly Capital Management 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.
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