Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: GLDI, MCC, APO

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.

Monday, Monday, May 18, 2015, 35 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.6% to 18.7%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Monday:

Credit Suisse

Owners of Credit Suisse (NASDAQ: GLDI) shares, as of market close today, will be eligible for a dividend of 3 cents per share. At a price of $11.94 as of 3:59 p.m. ET, the dividend yield is 10.5%.

The average volume for Credit Suisse has been 22,500 shares per day over the past 30 days. Credit Suisse has a market cap of $32.6 million and is part of the banking industry. Shares are down 1.3% year-to-date as of the close of trading on Wednesday.

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Medley Capital

Owners of Medley Capital (NYSE: MCC) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $9.34 as of 9:36 a.m. ET, the dividend yield is 12.8%.

The average volume for Medley Capital has been 424,900 shares per day over the past 30 days. Medley Capital has a market cap of $540.9 million and is part of the financial services industry. Shares are up 1.1% year-to-date as of the close of trading on Thursday.

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Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. The company has a P/E ratio of 8.49.

TheStreet Ratings rates Medley Capital as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Medley Capital 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 33 cents per share. At a price of $21.75 as of 9:36 a.m. ET, the dividend yield is 11%.

The average volume for Apollo Global Management has been 1.2 million shares per day over the past 30 days. Apollo Global Management has a market cap of $3.7 billion and is part of the financial services industry. Shares are down 8.4% year-to-date as of the close of trading on Thursday.

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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 55.51.

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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