Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: AVIV, HTA, AXLL

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, September 24, 2014, 23 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% 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:

Aviv REIT

Owners of Aviv REIT (NYSE: AVIV) shares, as of market close today, will be eligible for a dividend of 36 cents per share. At a price of $27.52 as of 9:43 a.m. ET, the dividend yield is 5.3%.

The average volume for Aviv REIT has been 298,600 shares per day over the past 30 days. Aviv REIT has a market cap of $1.3 billion and is part of the real estate industry. Shares are up 16% year-to-date as of the close of trading on Monday.

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No company description available. The company has a P/E ratio of 33.81.

TheStreet Ratings rates Aviv REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Aviv REIT Ratings Report now.

Healthcare Trust of America

Owners of Healthcare Trust of America (NYSE: HTA) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $11.90 as of 9:46 a.m. ET, the dividend yield is 4.7%.

The average volume for Healthcare Trust of America has been 1.2 million shares per day over the past 30 days. Healthcare Trust of America has a market cap of $2.9 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.

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Healthcare Trust of America is a fully integrated, self-administered and internally managed real estate investment trust, or REIT. The company acquires, owns and operates medical office buildings and other facilities that serve the healthcare industry. The company has a P/E ratio of 204.17.

TheStreet Ratings rates Healthcare Trust of America as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Healthcare Trust of America Ratings Report now.

Axiall

Owners of Axiall (NYSE: AXLL) shares, as of market close today, will be eligible for a dividend of 16 cents per share. At a price of $38.45 as of 9:46 a.m. ET, the dividend yield is 1.6%.

The average volume for Axiall has been 793,600 shares per day over the past 30 days. Axiall has a market cap of $2.8 billion and is part of the chemicals industry. Shares are down 18.5% 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.

Axiall Corporation manufactures and markets chemicals and building products in North America. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics. The company has a P/E ratio of 25.05.

TheStreet Ratings rates Axiall as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Axiall 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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