Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: ELS, HTS, FLS

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, Wednesday, March 26, 2014, 4:00 AM ET, 21 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 10.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Equity Lifestyle Properties

Owners of Equity Lifestyle Properties (NYSE: ELS) shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $40.85 as of 9:35 a.m. ET, the dividend yield is 3.1%.

The average volume for Equity Lifestyle Properties has been 421,200 shares per day over the past 30 days. Equity Lifestyle Properties has a market cap of $3.4 billion and is part of the real estate industry. Shares are up 12% 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.

Equity LifeStyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. The company has a P/E ratio of 55.20.

TheStreet Ratings rates Equity Lifestyle Properties as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Equity Lifestyle Properties Ratings Report now.

Hatteras Financial Corporation

Owners of Hatteras Financial Corporation (NYSE: HTS) shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $19.14 as of 9:36 a.m. ET, the dividend yield is 10.1%.

The average volume for Hatteras Financial Corporation has been 1.2 million shares per day over the past 30 days. Hatteras Financial Corporation has a market cap of $1.9 billion and is part of the real estate industry. Shares are up 18.1% 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.

Hatteras Financial Corp. operates as an externally-managed mortgage real estate investment trust (REIT) in the United States.

TheStreet Ratings rates Hatteras Financial Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Hatteras Financial Corporation Ratings Report now.

Flowserve Corporation

Owners of Flowserve Corporation (NYSE: FLS) shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $77.51 as of 9:36 a.m. ET, the dividend yield is 0.8%.

The average volume for Flowserve Corporation has been 1.2 million shares per day over the past 30 days. Flowserve Corporation has a market cap of $10.6 billion and is part of the industrial industry. Shares are down 2.9% 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.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment. The company has a P/E ratio of 22.63.

TheStreet Ratings rates Flowserve Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Flowserve Corporation 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.

null

More from Markets

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know