3 Stocks With Upcoming Ex-Dividend Dates: EARN, ADVS, RLJ

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:

Ellington Residential Mortgage REIT

Owners of Ellington Residential Mortgage REIT (NYSE: EARN) shares, as of market close today, will be eligible for a dividend of 55 cents per share. At a price of $17.01 as of 9:39 a.m. ET, the dividend yield is 12.9%.

The average volume for Ellington Residential Mortgage REIT has been 48,500 shares per day over the past 30 days. Ellington Residential Mortgage REIT has a market cap of $155.3 million and is part of the real estate industry. Shares are up 10.7% year-to-date as of the close of trading on Wednesday.

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No company description available. The company has a P/E ratio of 5.01.

TheStreet Ratings rates Ellington Residential Mortgage REIT as a sell. The area that we feel has been the company's primary weakness has been its relatively poor performance when compared with the S&P 500 during the past year. You can view the full Ellington Residential Mortgage REIT Ratings Report now.

Advent Software

Owners of Advent Software (NASDAQ: ADVS) shares, as of market close today, will be eligible for a dividend of 13 cents per share. At a price of $31.52 as of 9:40 a.m. ET, the dividend yield is 1.7%.

The average volume for Advent Software has been 279,900 shares per day over the past 30 days. Advent Software has a market cap of $1.6 billion and is part of the computer software & services industry. Shares are down 9.4% year-to-date as of the close of trading on Wednesday.

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Advent Software, Inc. provides software products and services for automating and integrating data and work flows across the investment management organization, as well as between the investment management organization and external parties worldwide. The company has a P/E ratio of 37.52.

TheStreet Ratings rates Advent Software as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Advent Software Ratings Report now.

RLJ Lodging

Owners of RLJ Lodging (NYSE: RLJ) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $28.57 as of 9:40 a.m. ET, the dividend yield is 4.2%.

The average volume for RLJ Lodging has been 632,700 shares per day over the past 30 days. RLJ Lodging has a market cap of $3.8 billion and is part of the real estate industry. Shares are up 17.7% year-to-date as of the close of trading on Wednesday.

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RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels. The company has a P/E ratio of 28.48.

TheStreet Ratings rates RLJ Lodging as a buy. The company's strengths can be seen in multiple areas, such as its 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 RLJ Lodging 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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