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: 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 $7.58 as of 9:35 a.m. ET, the dividend yield is 6.7%. The average volume for Chambers Street Properties has been 793,600 shares per day over the past 30 days. Chambers Street Properties has a market cap of $1.8 billion and is part of the real estate industry. Shares are down 5.7% year-to-date as of the close of trading on Friday. 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. 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 76.00. TheStreet Ratings rates Chambers Street Properties as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Chambers Street Properties Ratings Report now.
Prospect Capital Corporation Owners of Prospect Capital Corporation (NASDAQ: PSEC) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $8.05 as of 9:37 a.m. ET, the dividend yield is 12.4%. The average volume for Prospect Capital Corporation has been 2.3 million shares per day over the past 30 days. Prospect Capital Corporation has a market cap of $2.9 billion and is part of the financial services industry. Shares are down 2.1% year-to-date as of the close of trading on Friday. 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. Prospect Capital Corporation is a business development company. The company has a P/E ratio of 8.17. TheStreet Ratings rates Prospect Capital Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Prospect Capital Corporation Ratings Report now.
Great Plains Energy Owners of Great Plains Energy (NYSE: GXP) shares, as of market close today, will be eligible for a dividend of 24 cents per share. At a price of $26.18 as of 9:36 a.m. ET, the dividend yield is 3.7%. The average volume for Great Plains Energy has been 1.6 million shares per day over the past 30 days. Great Plains Energy has a market cap of $4.1 billion and is part of the utilities industry. Shares are down 7.5% year-to-date as of the close of trading on Friday. 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. Great Plains Energy Incorporated, through its subsidiaries, generates, transmits, distributes, and sells electricity in the United States. It also provides regulated steam services in St. Joseph, Missouri. The company has a P/E ratio of 17.06. TheStreet Ratings rates Great Plains Energy as a buy. The company's strongest point has been its expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Great Plains Energy 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.