3 Stocks Going Ex-Dividend Tomorrow: DCIX, TCAP, HL

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, Friday, May 23, 2014, 4:00 AM ET, 17 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 11.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Diana Containerships

Owners of Diana Containerships (NASDAQ: DCIX) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $3.00 as of 9:40 a.m. ET, the dividend yield is 6.6%.

The average volume for Diana Containerships has been 227,000 shares per day over the past 30 days. Diana Containerships has a market cap of $109.9 million and is part of the transportation industry. Shares are down 25.2% year-to-date as of the close of trading on Wednesday.

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Diana Containerships Inc. operates in the seaborne transportation industry. It owns and operates containerships. Its fleet consists of 6 panamax and 2 post-panamax containerships with a combined carrying capacity of 36,165 TEU. The company was founded in 2010 and is based in Athens, Greece.

TheStreet Ratings rates Diana Containerships as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Diana Containerships Ratings Report now.

Triangle Capital Corporation

Owners of Triangle Capital Corporation (NYSE: TCAP) shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $25.50 as of 9:41 a.m. ET, the dividend yield is 8.6%.

The average volume for Triangle Capital Corporation has been 252,200 shares per day over the past 30 days. Triangle Capital Corporation has a market cap of $703.2 million and is part of the financial services industry. Shares are down 8.2% year-to-date as of the close of trading on Wednesday.

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Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. The company has a P/E ratio of 12.54.

TheStreet Ratings rates Triangle Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Triangle Capital Corporation Ratings Report now.

Hecla Mining

Owners of Hecla Mining (NYSE: HL) shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $2.97 as of 9:41 a.m. ET, the dividend yield is 0.3%.

The average volume for Hecla Mining has been 5.2 million shares per day over the past 30 days. Hecla Mining has a market cap of $1.0 billion and is part of the metals & mining industry. Shares are down 5.2% year-to-date as of the close of trading on Wednesday.

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Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metals worldwide. It offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters.

TheStreet Ratings rates Hecla Mining as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Hecla Mining 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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