Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: ACRE, CHSP, KRC

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, September 26, 2014, 118 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0% to 36.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ares Commercial Real Estate

Owners of Ares Commercial Real Estate (NYSE: ACRE) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $12.09 as of 9:39 a.m. ET, the dividend yield is 8.3%.

The average volume for Ares Commercial Real Estate has been 133,100 shares per day over the past 30 days. Ares Commercial Real Estate has a market cap of $346.1 million and is part of the real estate industry. Shares are down 7.6% year-to-date as of the close of trading on Wednesday.

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Ares Commercial Real Estate Corporation, a specialty finance company, is engaged in principal lending and mortgage banking of commercial real estate (CRE) investments. The company operates in two segments: Principal Lending and Mortgage Banking. The company has a P/E ratio of 16.13.

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

Chesapeake Lodging

Owners of Chesapeake Lodging (NYSE: CHSP) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $29.36 as of 9:41 a.m. ET, the dividend yield is 4.1%.

The average volume for Chesapeake Lodging has been 387,400 shares per day over the past 30 days. Chesapeake Lodging has a market cap of $1.5 billion and is part of the real estate industry. Shares are up 16% year-to-date as of the close of trading on Wednesday.

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Chesapeake Lodging Trust is a self-advised real estate investment trust organized in the state of Maryland in June 2009. The company focuses on investments primarily in upper-upscale hotels in major business and convention markets and premium select-service hotels in urban settings or unique locations in the United States. The company has a P/E ratio of 32.14.

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

Kilroy Realty

Owners of Kilroy Realty (NYSE: KRC) shares, as of market close today, will be eligible for a dividend of 35 cents per share. At a price of $59.19 as of 9:37 a.m. ET, the dividend yield is 2.4%.

The average volume for Kilroy Realty has been 406,800 shares per day over the past 30 days. Kilroy Realty has a market cap of $4.9 billion and is part of the real estate industry. Shares are up 18.1% year-to-date as of the close of trading on Wednesday.

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Kilroy Realty Corporation is a privately owned real estate investment trust. The firm engages in investment, development, and management of properties. It invests in the real estate markets of Southern California. The company has a P/E ratio of 236.92.

TheStreet Ratings rates Kilroy Realty as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Kilroy Realty 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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