Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: CRT, MDP, RBA

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, Wednesday, May 27, 2015, 79 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 14.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Cross Timbers Royalty

Owners of Cross Timbers Royalty (NYSE: CRT) shares, as of market close today, will be eligible for a dividend of 5 cents per share. At a price of $17.93 as of 9:30 a.m. ET, the dividend yield is 11.8%.

The average volume for Cross Timbers Royalty has been 22,400 shares per day over the past 30 days. Cross Timbers Royalty has a market cap of $108.6 million and is part of the energy industry. Shares are up 4.5% year-to-date as of the close of trading on Friday.

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Cross Timbers Royalty Trust operates as an express trust in the United States. The company has a P/E ratio of 6.58.

TheStreet Ratings rates Cross Timbers Royalty as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Cross Timbers Royalty Ratings Report now.

Meredith

Owners of Meredith (NYSE: MDP) shares, as of market close today, will be eligible for a dividend of 46 cents per share. At a price of $52.06 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for Meredith has been 205,500 shares per day over the past 30 days. Meredith has a market cap of $2.0 billion and is part of the media industry. Shares are down 3.6% year-to-date as of the close of trading on Friday.

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Meredith Corporation operates as a diversified media company that focuses primarily on the home and family marketplace in the United States. It operates in two segments, Local Media and National Media. The company has a P/E ratio of 17.33.

TheStreet Ratings rates Meredith as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Meredith Ratings Report now.

Ritchie Bros Auctioneers

Owners of Ritchie Bros Auctioneers (NYSE: RBA) shares, as of market close today, will be eligible for a dividend of 14 cents per share. At a price of $28.45 as of 9:37 a.m. ET, the dividend yield is 2%.

The average volume for Ritchie Bros Auctioneers has been 737,900 shares per day over the past 30 days. Ritchie Bros Auctioneers has a market cap of $3.0 billion and is part of the diversified services industry. Shares are up 6.2% year-to-date as of the close of trading on Friday.

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Ritchie Bros. The company has a P/E ratio of 30.37.

TheStreet Ratings rates Ritchie Bros Auctioneers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ritchie Bros Auctioneers 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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