3 Stocks Going Ex-Dividend Tomorrow: CHMI, PEB, EPR

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, Thursday, June 26, 2014, 4:00 AM ET, 121 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 40.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cherry Hill Mortgage Investment

Owners of Cherry Hill Mortgage Investment (NYSE: CHMI) shares, as of market close today, will be eligible for a dividend of 51 cents per share. At a price of $20.42 as of 9:35 a.m. ET, the dividend yield is 10.2%.

The average volume for Cherry Hill Mortgage Investment has been 52,100 shares per day over the past 30 days. Cherry Hill Mortgage Investment has a market cap of $149.4 million and is part of the real estate industry. Shares are up 14.6% year-to-date as of the close of trading on Tuesday.

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The company has a P/E ratio of 1.54.

Pebblebrook Hotel

Owners of Pebblebrook Hotel (NYSE: PEB) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $36.73 as of 9:36 a.m. ET, the dividend yield is 2.5%.

The average volume for Pebblebrook Hotel has been 265,700 shares per day over the past 30 days. Pebblebrook Hotel has a market cap of $2.4 billion and is part of the real estate industry. Shares are up 19.4% year-to-date as of the close of trading on Tuesday.

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Pebblebrook Hotel Trust, through Pebblebrook Hotel, L.P., operates as a real estate investment trust. The company acquires and invests primarily in hotel properties located in the United States. The company has a P/E ratio of 99.38.

TheStreet Ratings rates Pebblebrook Hotel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Pebblebrook Hotel Ratings Report now.

EPR Properties

Owners of EPR Properties (NYSE: EPR) shares, as of market close today, will be eligible for a dividend of 28 cents per share. At a price of $55.35 as of 9:35 a.m. ET, the dividend yield is 6.2%.

The average volume for EPR Properties has been 305,600 shares per day over the past 30 days. EPR Properties has a market cap of $3.0 billion and is part of the real estate industry. Shares are up 13.1% year-to-date as of the close of trading on Tuesday.

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EPR Properties, a real estate investment trust (REIT), develops, owns, leases, and finances entertainment and related properties in the United States and Canada. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. The company has a P/E ratio of 18.04.

TheStreet Ratings rates EPR Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in stock price during the past year and increase in net income. 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 EPR Properties 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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