Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FULL, PDM, DST

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:

Full Circle Capital

Owners of Full Circle Capital (NASDAQ: FULL) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $3.52 as of 9:30 a.m. ET, the dividend yield is 11.9%.

The average volume for Full Circle Capital has been 188,300 shares per day over the past 30 days. Full Circle Capital has a market cap of $81.8 million and is part of the financial services industry. Shares are down 22.1% year-to-date as of the close of trading on Friday.

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Full Circle Capital Corporation is a business development company specializing in debt and equity securities of smaller and lower middle-market companies.

TheStreet Ratings rates Full Circle Capital as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Full Circle Capital Ratings Report now.

Piedmont Office Realty

Owners of Piedmont Office Realty (NYSE: PDM) shares, as of market close today, will be eligible for a dividend of 21 cents per share. At a price of $17.55 as of 9:37 a.m. ET, the dividend yield is 4.8%.

The average volume for Piedmont Office Realty has been 764,900 shares per day over the past 30 days. Piedmont Office Realty has a market cap of $2.7 billion and is part of the real estate industry. Shares are down 6.4% year-to-date as of the close of trading on Friday.

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Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily consists of office and industrial buildings, warehouses, and manufacturing facilities. The company has a P/E ratio of 53.42.

TheStreet Ratings rates Piedmont Office Realty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Piedmont Office Realty Ratings Report now.

DST Systems

Owners of DST Systems (NYSE: DST) shares, as of market close today, will be eligible for a dividend of 30 cents per share. At a price of $118.88 as of 9:36 a.m. ET, the dividend yield is 1%.

The average volume for DST Systems has been 224,900 shares per day over the past 30 days. DST Systems has a market cap of $4.4 billion and is part of the computer software & services industry. Shares are up 26.9% year-to-date as of the close of trading on Friday.

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DST Systems, Inc. provides technology-based information processing and servicing solutions in the United States, the United Kingdom, Canada, Australia, and internationally. The company has a P/E ratio of 7.88.

TheStreet Ratings rates DST Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DST Systems 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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