Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: AT, HLSS, TGI, COLE, UNP

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, Aug. 28, 2013, 70 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 13.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Atlantic Power Corporation

Owners of Atlantic Power Corporation (NYSE: AT) shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $4.11 as of 9:35 a.m. ET, the dividend yield is 9.5%.

The average volume for Atlantic Power Corporation has been 784,100 shares per day over the past 30 days. Atlantic Power Corporation has a market cap of $490.6 million and is part of the utilities industry. Shares are down 64.2% 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.

Home Loan Servicing Solutions

Owners of Home Loan Servicing Solutions (NASDAQ: HLSS) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $23.20 as of 9:33 a.m. ET, the dividend yield is 7.6%.

The average volume for Home Loan Servicing Solutions has been 805,500 shares per day over the past 30 days. Home Loan Servicing Solutions has a market cap of $1.7 billion and is part of the real estate industry. Shares are up 24.7% 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.

Home Loan Servicing Solutions, Ltd., through its subsidiaries, engages in the acquisition of mortgage servicing assets. Its mortgage servicing assets consists of servicing advances, mortgage servicing rights, rights to mortgage servicing rights, and other related assets. The company has a P/E ratio of 12.87.

TheStreet Ratings rates Home Loan Servicing Solutions as a sell. The area that we feel has been the company's primary weakness has been its disappointing return on equity. You can view the full Home Loan Servicing Solutions Ratings Report now.

Triumph Group

Owners of Triumph Group (NYSE: TGI) shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $75.35 as of 9:34 a.m. ET, the dividend yield is 0.2%.

The average volume for Triumph Group has been 502,000 shares per day over the past 30 days. Triumph Group has a market cap of $4.0 billion and is part of the aerospace/defense industry. Shares are up 16.4% 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.

Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company has a P/E ratio of 13.42.

TheStreet Ratings rates Triumph Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Triumph Group Ratings Report now.

Cole Real Estate Investments

Owners of Cole Real Estate Investments (NYSE: COLE) shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $11.11 as of 9:36 a.m. ET, the dividend yield is 6.5%.

The average volume for Cole Real Estate Investments has been 9.5 million shares per day over the past 30 days. Cole Real Estate Investments has a market cap of $5.4 billion and is part of the real estate industry. Shares are unchanged 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.

Union Pacific

Owners of Union Pacific (NYSE: UNP) shares as of market close today will be eligible for a dividend of 79 cents per share. At a price of $154.91 as of 9:36 a.m. ET, the dividend yield is 2%.

The average volume for Union Pacific has been 1.6 million shares per day over the past 30 days. Union Pacific has a market cap of $73.3 billion and is part of the transportation industry. Shares are up 24.5% 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.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has a P/E ratio of 18.00.

TheStreet Ratings rates Union Pacific 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, increase in net income and notable return on equity. 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 Union Pacific 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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