Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: KSM, KTF, HTGC

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, Thursday, May 14, 2015, 53 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 16.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Deutsche Strategic Municipal Income

Owners of Deutsche Strategic Municipal Income (NYSE: KSM) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $13.58 as of 9:35 a.m. ET, the dividend yield is 6.8%.

The average volume for Deutsche Strategic Municipal Income has been 20,000 shares per day over the past 30 days. Deutsche Strategic Municipal Income has a market cap of $151.7 million and is part of the financial services industry. Shares are down 0.6% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

The company has a P/E ratio of 14.34.

Deutsche Municipal Income

Owners of Deutsche Municipal Income (NYSE: KTF) shares, as of market close today, will be eligible for a dividend of 7 cents per share. At a price of $13.18 as of 9:33 a.m. ET, the dividend yield is 6.4%.

The average volume for Deutsche Municipal Income has been 76,200 shares per day over the past 30 days. Deutsche Municipal Income has a market cap of $517.6 million and is part of the financial services industry. Shares are down 1.4% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

The company has a P/E ratio of 15.33.

Hercules Technology Growth Capital

Owners of Hercules Technology Growth Capital (NYSE: HTGC) shares, as of market close today, will be eligible for a dividend of 31 cents per share. At a price of $12.80 as of 9:37 a.m. ET, the dividend yield is 9.4%.

The average volume for Hercules Technology Growth Capital has been 430,500 shares per day over the past 30 days. Hercules Technology Growth Capital has a market cap of $952.3 million and is part of the real estate industry. Shares are down 11.8% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Hercules Technology Growth Capital, Inc. The company has a P/E ratio of 11.12.

TheStreet Ratings rates Hercules Technology Growth Capital as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full Hercules Technology Growth Capital 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.

More from Markets

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

SAP Shares Leap After Cloud Business Prompts Full-Year Guidance Upgrade

SAP Shares Leap After Cloud Business Prompts Full-Year Guidance Upgrade

Sohn Conference Briefly Distracts From Barrage of Earnings -- ICYMI

Sohn Conference Briefly Distracts From Barrage of Earnings -- ICYMI