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Tomorrow, Thursday, February 26, 2015, 61 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.4% to 11.4%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cathay General Bancorp

Owners of Cathay General Bancorp (NASDAQ: CATY) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $25.80 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Cathay General Bancorp has been 398,000 shares per day over the past 30 days. Cathay General Bancorp has a market cap of $2.0 billion and is part of the banking industry. Shares are up 1.1% 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.

Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. The company has a P/E ratio of 14.91.

TheStreet Ratings rates Cathay General Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins 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 Cathay General Bancorp Ratings Report now.

Associated Banc-Corp

Owners of Associated Banc-Corp (NYSE: ASB) shares, as of market close today, will be eligible for a dividend of 10 cents per share. At a price of $18.67 as of 9:37 a.m. ET, the dividend yield is 2.1%.

The average volume for Associated Banc-Corp has been 1.1 million shares per day over the past 30 days. Associated Banc-Corp has a market cap of $2.8 billion and is part of the banking industry. Shares are up 0.5% 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.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company has a P/E ratio of 16.03.

TheStreet Ratings rates Associated Banc-Corp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Associated Banc-Corp Ratings Report now.

Valspar

Owners of Valspar (NYSE: VAL) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $86.42 as of 9:36 a.m. ET, the dividend yield is 1.4%.

The average volume for Valspar has been 516,800 shares per day over the past 30 days. Valspar has a market cap of $7.2 billion and is part of the chemicals industry. Shares are up 0% 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.

The Valspar Corporation develops, manufactures, and distributes a range of coatings, paints, and related products worldwide. It operates in two segments, Coatings and Paints. The company has a P/E ratio of 21.93.

TheStreet Ratings rates Valspar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Valspar 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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