Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: NDRO, CSG, CBD

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.

Tomorrow, Tuesday, April 28, 2015, 48 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 18.5%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Enduro Royalty

Owners of Enduro Royalty (NYSE: NDRO) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $4.85 as of 9:30 a.m. ET, the dividend yield is 12.1%.

The average volume for Enduro Royalty has been 122,900 shares per day over the past 30 days. Enduro Royalty has a market cap of $164.0 million and is part of the energy industry. Shares are up 3.1% year-to-date as of the close of trading on Friday.

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The company has a P/E ratio of 4.18.

Chambers Street Properties

Owners of Chambers Street Properties (NYSE: CSG) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $7.87 as of 9:37 a.m. ET, the dividend yield is 6.5%.

The average volume for Chambers Street Properties has been 796,600 shares per day over the past 30 days. Chambers Street Properties has a market cap of $1.9 billion and is part of the real estate industry. Shares are down 3% year-to-date as of the close of trading on Friday.

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Chambers Street Properties is a equity real estate investment trust. The firm invests in the real estate markets of United States, United Kingdom, and Germany. It focuses on acquiring, owning and operating the properties. The firm invests in industrial and office properties. The company has a P/E ratio of 97.75.

TheStreet Ratings rates Chambers Street Properties as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. You can view the full Chambers Street Properties Ratings Report now.

Companhia Brasileira De Distribuicao

Owners of Companhia Brasileira De Distribuicao (NYSE: CBD) shares, as of market close today, will be eligible for a dividend of 23 cents per share. At a price of $33.96 as of 9:36 a.m. ET, the dividend yield is 2.8%.

The average volume for Companhia Brasileira De Distribuicao has been 642,600 shares per day over the past 30 days. Companhia Brasileira De Distribuicao has a market cap of $8.7 billion and is part of the retail industry. Shares are down 11.1% year-to-date as of the close of trading on Friday.

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Companhia Brasileira de Distribuicao is engaged in the retail of food, clothing, home appliances, electronics, and other products in Brazil. It operates in four segments: Retail, Home appliances, Cash & Carry, and E-commerce. The company has a P/E ratio of 18.18.

TheStreet Ratings rates Companhia Brasileira De Distribuicao as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally higher debt management risk. You can view the full Companhia Brasileira De Distribuicao 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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