Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: ELS, RPAI, VMI

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, June 25, 2014, 4:00 AM ET, 25 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 11.4%. 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 $44.84 as of 9:33 a.m. ET, the dividend yield is 2.9%.

The average volume for Equity Lifestyle Properties has been 306,300 shares per day over the past 30 days. Equity Lifestyle Properties has a market cap of $3.7 billion and is part of the real estate industry. Shares are up 24% 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 54.13.

TheStreet Ratings rates Equity Lifestyle Properties as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Equity Lifestyle Properties Ratings Report now.

Retail Properties of America

Owners of Retail Properties of America (NYSE: RPAI) shares, as of market close today, will be eligible for a dividend of 17 cents per share. At a price of $15.40 as of 9:36 a.m. ET, the dividend yield is 4.2%.

The average volume for Retail Properties of America has been 1.2 million shares per day over the past 30 days. Retail Properties of America has a market cap of $3.7 billion and is part of the real estate industry. Shares are up 21.3% 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.

Inland Western Retail Real Estate Trust, Inc. is a real estate investment trust. It engages in acquisition, development and management of properties. The trust invests in the real estate markets of United States.

TheStreet Ratings rates Retail Properties of America as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Retail Properties of America Ratings Report now.

Valmont Industries

Owners of Valmont Industries (NYSE: VMI) shares, as of market close today, will be eligible for a dividend of 38 cents per share. At a price of $162.16 as of 9:34 a.m. ET, the dividend yield is 0.9%.

The average volume for Valmont Industries has been 232,400 shares per day over the past 30 days. Valmont Industries has a market cap of $4.3 billion and is part of the industrial industry. Shares are up 8% 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.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. The company has a P/E ratio of 16.86.

TheStreet Ratings rates Valmont Industries as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Valmont Industries 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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