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, February 12, 2015, 52 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 15.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Neuberger Berman R/E Securities Income

Owners of Neuberger Berman R/E Securities Income (AMEX: NRO) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $5.48 as of 9:35 a.m. ET, the dividend yield is 6.6%.

The average volume for Neuberger Berman R/E Securities Income has been 201,500 shares per day over the past 30 days. Neuberger Berman R/E Securities Income has a market cap of $304.6 million and is part of the financial services industry. Shares are up 3.4% year-to-date as of the close of trading on Tuesday.

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

Astoria Financial Corporation

Owners of Astoria Financial Corporation (NYSE: AF) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $12.94 as of 9:36 a.m. ET, the dividend yield is 1.2%.

The average volume for Astoria Financial Corporation has been 799,200 shares per day over the past 30 days. Astoria Financial Corporation has a market cap of $1.3 billion and is part of the banking industry. Shares are down 2.8% year-to-date as of the close of trading on Tuesday.

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

Astoria Financial Corporation operates as the holding company for Astoria Federal Savings and Loan Association that provides various financial products and services in the United States. The company has a P/E ratio of 14.67.

TheStreet Ratings rates Astoria Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, expanding profit margins, impressive record of earnings per share growth and increase in stock price during the past year. 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 Astoria Financial Corporation Ratings Report now.

Apollo Global Management

Owners of Apollo Global Management (NYSE: APO) shares, as of market close today, will be eligible for a dividend of 86 cents per share. At a price of $23.60 as of 9:36 a.m. ET, the dividend yield is 12.1%.

The average volume for Apollo Global Management has been 1.3 million shares per day over the past 30 days. Apollo Global Management has a market cap of $3.9 billion and is part of the financial services industry. Shares are up 0.8% year-to-date as of the close of trading on Tuesday.

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

Apollo Global Management, LLC is a publicly owned investment manager. It primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. The firm manages client focused portfolios. The company has a P/E ratio of 15.64.

TheStreet Ratings rates Apollo Global Management as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and feeble growth in the company's earnings per share. You can view the full Apollo Global Management 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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