Tomorrow's Ex-Dividends To Watch: MTR, AMTG, ATU

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:

Mesa Royalty

Owners of Mesa Royalty (NYSE: MTR) shares, as of market close today, will be eligible for a dividend of 46 cents per share. At a price of $34.00 as of 9:34 a.m. ET, the dividend yield is 10%.

The average volume for Mesa Royalty has been 16,100 shares per day over the past 30 days. Mesa Royalty has a market cap of $63.3 million and is part of the financial services industry. Shares are up 58.1% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Mesa Royalty Trust holds net overriding royalty interests in various oil and gas properties in the United States. It has interests in properties located in the Hugoton field of Kansas; the San Juan Basin field of New Mexico and Colorado; and the Yellow Creek field of Wyoming. The company has a P/E ratio of 11.60.

TheStreet Ratings rates Mesa Royalty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and compelling growth 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 Mesa Royalty Ratings Report now.

Apollo Residential Mortgage

Owners of Apollo Residential Mortgage (NYSE: AMTG) shares, as of market close today, will be eligible for a dividend of 44 cents per share. At a price of $16.05 as of 9:40 a.m. ET, the dividend yield is 10.3%.

The average volume for Apollo Residential Mortgage has been 262,000 shares per day over the past 30 days. Apollo Residential Mortgage has a market cap of $517.2 million and is part of the real estate industry. Shares are up 8.7% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Apollo Residential Mortgage, Inc. primarily invests in residential mortgage assets in the United States. The company has a P/E ratio of 6.25.

TheStreet Ratings rates Apollo Residential Mortgage as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. You can view the full Apollo Residential Mortgage Ratings Report now.

Actuant

Owners of Actuant (NYSE: ATU) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $32.69 as of 9:40 a.m. ET, the dividend yield is 0.1%.

The average volume for Actuant has been 469,600 shares per day over the past 30 days. Actuant has a market cap of $2.2 billion and is part of the industrial industry. Shares are down 10.1% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in three segments: Industrial, Energy, and Engineered Solutions.

TheStreet Ratings rates Actuant as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Actuant 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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